Common use of Title to Properties; Absence of Liens and Encumbrances; Condition of Equipment Clause in Contracts

Title to Properties; Absence of Liens and Encumbrances; Condition of Equipment. (a) The Company and its Subsidiaries do not own any real property, nor has the Company or its Subsidiaries ever owned any real property. Section 3.12(a) of the Company Disclosure Schedule sets forth a list of all real property currently leased by the Company and its Subsidiaries or otherwise used or occupied by the Company and its Subsidiaries for the operation of its businesses (the “Leased Real Property”), the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the square footage of the premises leased thereunder and the aggregate annual rental payable under any such lease.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Planar Systems Inc), Agreement and Plan of Merger And (Network Appliance Inc)

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Title to Properties; Absence of Liens and Encumbrances; Condition of Equipment. (a) The Neither the Company and nor any of its Subsidiaries do not own owns any real property, nor has the Company or any of its Subsidiaries ever owned any real property. Section 3.12(a2.12(a) of the Company Disclosure Schedule sets forth a list of all real property currently leased by the Company and or any of its Subsidiaries or otherwise used or occupied by the Company and or any of its Subsidiaries for the operation of its businesses the Company’s business (the “Leased Real Property”), the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the square footage of the premises leased thereunder and the aggregate annual rental payable under any such lease.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Business Objects Sa)

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Title to Properties; Absence of Liens and Encumbrances; Condition of Equipment. (a) The Company and its Subsidiaries do does not own any real property, nor has the Company or its Subsidiaries ever owned any real property. Section 3.12(a) of the Company Disclosure Schedule sets forth a complete and accurate list of all real property currently leased by the Company and its Subsidiaries or otherwise used or occupied by the Company and its Subsidiaries for the operation of its businesses (the “Leased Real Property”), the name of the lessor, the date of the lease and each amendment thereto and, with respect to any current lease, the square footage of the premises leased thereunder and the aggregate annual rental payable under any such lease through the end of such lease.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Sumtotal Systems Inc)

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