The Leases. A. Buyer acknowledges that Buyer has examined the Leases set forth on the lease schedule (the "Lease Schedule") annexed hereto as Exhibit "F". Sellers represent and warrant that, except as disclosed to Buyer prior to the end of the Review Period, to the Sellers' actual knowledge, (i) the Leases set forth on such Lease Schedule constitute all of the agreements (other than any subleases and the Contracts) which relate to, affect the occupancy of, or create and/or affect the rights to the occupancy of, the Property or any portion thereof, and all amendments, renewals, extensions and modifications thereof, (ii) except as set forth in the Leases (and any subleases and Contracts), no person or firm has any right to occupy any portion of the Property, (iii) all of the Leases are in full force and effect and other than as set forth on the Lease Schedule, none of them have been modified, amended or extended and no renewal or expansion options have been granted to tenants except as specifically set forth in the Leases, (iv) except for MCI, MCI International and New York Telephone, no tenant has an option to purchase the Property or any part thereof, (v) except as set forth therein, the rents set forth on the Lease Schedule are being collected on a current basis and there are no arrearages in excess of one month, (vi) except as set forth in the Leases, no tenant is entitled to rental concessions or abatements for any period subsequent to the Closing Date, (vii) Sellers have not sent written notice to any tenant of the Property claiming that such tenant is in default, which default remains uncured, other than the unpaid Rent sums set forth on the Lease Schedule, (viii) no action or proceeding instituted against Sellers by any tenant of the Property is currently pending in any court, except with respect to claims involving personal injury or property damage which are covered by insurance and described on Exhibit "G", (ix) there are no security deposits or prepaid rent in the nature of a security deposit other than those set forth in the Lease Schedule or the Leases, (x) no rent has been paid more than thirty (30) days in advance under any of the Leases, (xi) all tenant improvement work required to be completed or paid for by Sellers has been or prior to the Closing Date will be completed or paid for, as the case may be, and (xii) except as set forth in the Leases and on Exhibits F (Lease Schedules) and H (Contracts), there are no unpaid leasing commissions or any liabi...
The Leases. The term "Leases," as used herein, shall mean those certain subleases, together with any amendments thereto, concerning the properties as more particularly described in Exhibit A attached hereto and by this reference incorporated herein, between Burger King Corporation ("Lessor") and Tenant.
The Leases. With respect to each Lease, the Company hereby covenants and agrees that:
The Leases. (i) Schedule 1.3 contains a complete and accurate list, and Seller has furnished to Buyer accurate and complete copies, of all of the Real Property Leases and Personal Property Leases related to the Purchased Restaurants, as amended to date, together with a brief description of (A) each of the real properties that are leased by Seller under the Real Property Leases (the "Leased Properties"), including the respective addresses and the names and addresses of the landlords thereof, and (B) any improvements made by Seller to any of the Leased Properties that will not revert to any of the landlords upon termination of the Real Property Leases. Seller has delivered to Buyer accurate and complete copies of all environmental studies and reports with respect to any of the Leased Properties that are in the possession of or are readily available to Seller. The zoning of each of the Leased Properties permits the presently existing improvements thereon and continuation of the business presently conducted thereon and, to Seller's knowledge, no changes therein are pending or are threatened. No condemnation or similar proceedings are pending or, to the best knowledge of Seller, threatened against any of the Leased Properties. Seller does not own any fee interest in any real property.
The Leases. 1.15.1 All the Leases were entered into in the ordinary and regular course of business at arm’s length and are of full force and effect according to their terms.
The Leases. Except as set forth on Schedule 4.10:
The Leases. A list of the current Leases is set forth in the rent roll attached hereto as Schedule G (the "RENT ROLL"). The economic information contained in the Rent Roll is accurate and consistent with Seller's records (as they relate to the Property), which records have been maintained by Seller in accordance with good property management standards. The noneconomic information contained in the Rent Roll is accurate and consistent in all material respects with Seller's records (as they relate to the Property), which records have been maintained by Seller in accordance with good property management standards. Except for the Leases set forth in the Rent Roll, there are no other leases, licenses or other agreements affecting the occupancy of the Property. With respect to each Lease: (i) the Lease is in full force and effect, and constitutes the valid and binding legal obligation of Seller and the respective tenant, enforceable against each of them in accordance with its terms; (ii) there are no understandings, oral or written, between the parties to the Lease which in any manner vary the obligations or rights of either party; (iii) except as indicated on the Rent Roll, there is no default by Seller under the Lease and to Seller's knowledge, by the tenant under the Lease; and (iv) no rent or additional rent under the Lease has been paid for more than thirty (30) days in advance of its due date.
The Leases. A list of the current Leases is set forth in the rent roll attached hereto as Schedule G (the "Rent Roll"). The economic information contained in the Rent Roll is accurate and consistent with Seller's records (as they relate to the Property), which records have been maintained by Seller in accordance with good property management standards. The noneconomic information contained in the Rent Roll is accurate and consistent in all material respects with Seller's records (as they relate to the Property), which records have been maintained by Seller in accordance with good property management standards. True, complete and correct copies of the Leases and all amendments and modifications thereto have been delivered to Purchaser. Except for the Leases set forth in the Rent Roll, there are no other leases, licenses or other agreements affecting the occupancy of the Property. With respect to each Lease: (i) the Lease is in full force and effect, and constitutes the valid and binding legal obligation of Seller and the respective tenant, enforceable against each of them in accordance with its terms; (ii) there are no understandings, oral or written, between the parties to the Lease which in any manner vary the obligations or rights of either party as set forth in the Lease (and all amendments thereto delivered to Purchaser); (iii) except as indicated on the Rent Roll, there is no default by Seller under the Lease, there is no default by the tenant under the Lease with respect to payment of base rent and reimbursable expenses and to Seller's knowledge, there is no other default by the tenant under the Lease, and (iv) no rent or additional rent under the lease has been paid for more than thirty (30) days in advance of its due date.
The Leases. (i) The Leases are in full force and effect, and true and complete copies of the Leases, together with all amendments and supplements, have been delivered to the Department.
