Examples of Purchased Real Property Leases in a sentence
Seller has (A) insurable fee simple title to all Purchased Owned Property, free and clear of all Liens except Liens set forth in Section 5.6(a) of the Seller Disclosure Schedule and Permitted Liens and (B) a valid leasehold interest in the Purchased Real Property Leases, subject to entry of the Sale Order, free and clear of all Liens other than Permitted Liens.
The Sellers are not in material default under, and there are no outstanding notices of material default or termination under, any of the Purchased Real Property Leases, and at the Closing, there shall not exist a material default or an event which, with the passage of time or the giving of notice or both, would constitute a material default on the part of the Sellers or, to the Knowledge of Sellers, the other parties thereto.
Seller has a valid, binding and enforceable leasehold interest under each of the Purchased Real Property Leases, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).
To the Knowledge of Seller, Seller has not received any notice of any default or event that with notice or lapse of time, or both, would constitute a default by Seller under any of the Purchased Real Property Leases.
To the Knowledge of the Sellers, no Seller has received any notice of any default or event that with notice or lapse of time, or both, would constitute a default by a Seller under any of the Purchased Real Property Leases.
Dissemination of review results and contribution to organizational learning will be ensured at all levels of the Organization, as appropriate.
Except as set forth in Section 5.11(b) of the Seller Disclosure Schedule and as otherwise superseded by the applicable provisions of the Bankruptcy Code, Seller has not received written notice of any default which remains uncured, and, to the Knowledge of Seller, the other parties under each of the Purchased Real Property Leases have complied in all material respects therewith, and are not in default thereunder beyond any applicable notice and cure periods.
All Purchased Real Property Leases shall be transferred to Purchaser at Closing without amendments thereto and with the same terms and conditions as exist as of the date hereof.
Except as set forth in Section 5.6(b) of the Seller Disclosure Schedule and as otherwise superseded by the applicable provisions of the Bankruptcy Code, to the Knowledge of Seller, Seller is not in material breach or default, and, to the Knowledge of Seller, the other parties under each of the Purchased Real Property Leases have complied in all material respects therewith, and are not in default thereunder beyond any applicable notice and cure periods.
Any Purchased Real Property Lease subject to expiration or termination on or before March 31, 2007 that is not contained on Purchaser’s notice shall cease to be included among the Purchased Real Property Leases.