Common use of Condition of Facilities Clause in Contracts

Condition of Facilities. (i) Use of the Real Property of Purchaser for the various purposes for which it is presently being used is permitted as of right under all Applicable Laws related to zoning and is not subject to “permitted nonconforming” use or structure classifications. All Improvements are in compliance with all Applicable Laws, including those pertaining to zoning, building and the disabled, are in good repair and in good condition, ordinary wear and tear excepted, and are free from latent and patent defects. To the Knowledge of Purchaser, no part of any Improvement encroaches on any real property not included in the Real Property of Purchaser, and there are no buildings, structures, fixtures or other Improvements primarily situated on adjoining property which encroach on any part of the Land.

Appears in 12 contracts

Samples: Share Exchange Agreement and Plan of Reorganization (Smartheat Inc.), Membership Interest Purchase Agreement (Visium Technologies, Inc.), Share Exchange Agreement (SOUTHERN STATES SIGN Co)

AutoNDA by SimpleDocs

Condition of Facilities. (ia) Use of the Real Property of Purchaser Mid-Heaven and its Subsidiaries for the various purposes for which it is they are presently being used is permitted as of right under all Applicable Laws related to zoning and is not subject to “permitted nonconforming” use or structure classifications. All Improvements are in compliance with all Applicable Laws, including those pertaining to zoning, building and the disabled, are in good repair and in good condition, ordinary wear and tear excepted, and are free from latent and patent defects. To the Knowledge of Purchaser, no No part of any Improvement encroaches on any real property not included in the Real Property of Purchaser, Mid-Heaven or any of its Subsidiaries and there are no buildings, structures, fixtures or other Improvements primarily situated on adjoining property which encroach on any part of the Land.

Appears in 1 contract

Samples: Share Exchange Agreement and Plan of Reorganization (Smartheat Inc.)

Condition of Facilities. (ia) Use of the Real Property of Purchaser for the various purposes for which it is presently being used is permitted as of right under all Applicable Laws related to zoning and is not subject to “permitted nonconforming” use or structure classifications. All Improvements are in compliance with all Applicable Laws, including those pertaining to zoning, building and the disabled, are in good repair and in good condition, ordinary wear and tear excepted, and are free from latent and patent defects. To the Knowledge of Purchaser, no part of any Improvement encroaches on any real property not included in the Real Property of Purchaser, and there are no buildings, structures, fixtures or other Improvements primarily situated on adjoining property which encroach on any part of the Land.

Appears in 1 contract

Samples: Share Exchange Agreement (Western Ridge Minerals, Inc.)

AutoNDA by SimpleDocs

Condition of Facilities. (i) Use of the Real Property of Purchaser Buyer for the various purposes for which it is presently being used is permitted as of right under all Applicable Laws related to applicable zoning Legal Requirements and is not subject to "permitted nonconforming" use or structure classifications. All Improvements are in compliance with all Applicable Lawsapplicable Legal Requirements, including those pertaining to zoning, building and the disabled, are in good repair and in good condition, ordinary wear and tear excepted, and are free from latent and patent defects. To the Knowledge of PurchaserBuyer, no part of any Improvement encroaches on any real property not included in the Real Property of PurchaserBuyer, and there are no buildings, structures, fixtures or other Improvements primarily situated on adjoining property which encroach on any part of the Land.

Appears in 1 contract

Samples: Stock Purchase Agreement (Igames Entertainment Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.