Realty Sample Clauses
The 'Realty' clause defines the rights, responsibilities, or interests related to real property (land and buildings) within the context of the agreement. It typically specifies which party owns, leases, or has access to certain real estate, and may outline conditions for use, maintenance, or transfer of the property. By clearly delineating these aspects, the clause helps prevent disputes over property rights and ensures all parties understand their obligations regarding the real estate involved.
Realty. (i) To Seller's Knowledge, the legal descriptions to be delivered by Seller to the title insurance company shall be complete and accurate in all material respects; (ii) as of the date hereof, there are no deferred property taxes or assessments payable by Seller with respect to the Fee Realty which may or will become due and payable as a result of the consummation of the Transactions, other than Transfer Taxes; (iii) there are no condemnation proceedings pending or to Seller's knowledge threatened with respect to all or any part of any parcel of Fee Realty; and (iv) Seller is not a foreign person within the meaning of Section 1445 of the Code.
Realty. SCHEDULE 4.9 lists all real property owned as of the Amendment Effective Date by the Borrower or any of its Subsidiaries.
Realty. Neither RCC nor 1020491 owns, leases or has any other rights in any real property. Seller has delivered to Purchaser on the date hereof an accurate and complete list of leases with respect to real property leased or occupied by ResMor Trust (the “Leases”). Except for the Leases, ResMor Trust does not own, lease or have any rights in any real property. Except for ResMor Trust’s interest in the Leases, ResMor Trust does not currently own and since November 1, 2007 has not previously owned or been a mortgagee in possession of any other real property, including any freehold property.
Realty. All those certain tracts, pieces or parcels of land described in Exhibit A attached hereto and made a part hereof for all purposes (herein referred to as the "Land"), together with the buildings, structures, fixtures (except for trade fixtures owned by Seller), paving, curbing, trees, shrubs, plants, and other improvements and landscaping of every kind and nature presently situated on, in, or under, or hereafter (but prior to Closing) erected or installed or used in, on, or about the Land (herein collectively referred to as the "Improvements"), and all rights and appurtenances pertaining thereto, including, but not limited to: (i) all right, title and interest, if any, of Seller, in and to any land in the bed of any street, road or avenue open or proposed in front of or adjoining the Land; (ii) all right, title and interest, if any, of Seller, in and to any rights-of-way, rights of ingress or egress or other interests in, on, or to, any land, highway, street, road, or avenue, open or proposed, in, on, or across, in front of, abutting or adjoining the Land, and any awards made, or to be made in lieu thereof, and in and to any unpaid awards for damage thereto by reason of a change of grade of any such highway, street, road, or avenue; (iii) any easement across or adjacent to the Land, existing or abandoned; (iv) all right, title and interest, if any, of Seller, in and to all sewage treatment capacity and water capacity and other utility capacity to serve the Land and Improvements; (v) all right, title and interest, if any, of Seller, in and to all oil, gas, and other minerals in, on, or under, and that may be produced from the Land; (vi) any reversionary rights attributable to the Land; (vii) all water rights appurtenant to the Land; and (viii) all development rights, zoning classifications (including, without limitation, variances), rights as to non-conforming uses and/or structures, vested or "grand-fathered rights" and other entitlements pertaining to the Land (the Land, Improvements and all of the other properties, rights and interests mentioned above are herein collectively referred to as the "Realty");
Realty. (a) Section 4.16(a) of the Disclosure Letter sets forth a list of all real property to which the Company or any Company Subsidiary has the right to use or occupy pursuant to a lease, sublease or other similar agreement (collectively, the “Leased Realty”). To the Knowledge of Seller, the Company or one of the Company Subsidiaries possesses, in all material respects, valid leasehold interests in the Leased Realty pursuant to the agreements set forth on Section 4.16(a) of the Disclosure Letter (the “Leases”), free and clear of any Liens except Permitted Liens. Copies of all Leases have been furnished or made available to Buyer. Each Lease is in full force and effect and enforceable against the Company or the Company Subsidiary, as applicable, and, to the Knowledge of Seller, each other party thereto in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect affecting creditors’ rights generally and general equitable principles. To the Knowledge of Seller, neither the Company nor any Company Subsidiary has received any notice of default, termination or cancellation from a landlord with respect to any Lease. Neither the Company nor any Company Subsidiary is in material breach or violation of, or default under, any Lease. To the Knowledge of Seller, no other parties to the Leases are in material breach or violation of, or default under, any Lease. No event has occurred that, with notice or lapse of time or both, would constitute such a material breach or violation of, or default under any Lease by the Company or any Company Subsidiary or, to the Knowledge of Seller, by any other parties thereto.
(b) Neither the Company nor any Company Subsidiary owns any real property.
(c) Neither the Company nor any Company Subsidiary has entered into any lease or sublease granting to any Person the right to use or occupy any portion of the Leased Realty.
(d) All buildings, facilities, structures, improvements and fixtures and systems included in the Leased Realty are in reasonable operating condition and repair, ordinary wear and tear excepted.
Realty. All of the Capital Stock of NRI has been duly authorized and is fully paid and non-assessable. Borrower (and each Scheduled Affiliate)
Realty. SCHEDULE 4.10 lists all real property owned as of the Closing Date and as of the date of the consummation of the Principal Merger Transaction by the Borrower or any of its Subsidiaries.
Realty a. The chair is responsible for ensuring that the agency operates in accordance with the MBC Realty Directive.
b. Appendix B of the Realty Directive sets out the Mandatory Office Space Standards and Office Space Planning Practices that must be complied with when acquiring space for accommodation and program purposes.
c. The chair recognizes that all lease agreements for provincial agencies without realty authority are under the administration and control of the Minister of Infrastructure.
Realty. As of the Closing Date, the owned portion of the Realty will be owned by Seller free and clear of any mortgages or other monetary liens.
Realty. (a) Upon consummation of the transactions contemplated by this Agreement, Buyer will acquire good and valid title free and clear of all Liens to the equity interests of Realty, which represents 100% of the equity of Realty. The membership interests of Realty have been duly authorized and validly issued and are fully paid and non-assessable. There are no outstanding options, warrants or other rights exercisable for the purchase of, or securities convertible into, any equity interests of Realty or any agreements, contracts or commitments relating to the issuance, sale, transfer, redemption, acquisition or voting of any equity interests of Realty. The membership interests of Realty to be transferred to Buyer hereunder are the only issued and outstanding equity interests of Realty. Schedule 4.4 sets forth a true, correct and complete statement of the capitalization of Realty.
(b) Realty has not engaged in any business other than owning the Real Property Leases and operating the Leased Real Property and has no Liabilities other than those which constitute Assumed Liabilities in Section 1.4.
