Common use of Current Use Clause in Contracts

Current Use. There is no known violation of any covenant, condition, restriction, easement, agreement or order of any governmental authority having jurisdiction over any Leased Real Property that affects such real property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Leased Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a significant adverse effect on the operation of the business of any Group Company. No current use by any Group Company of any Leased Real Property is dependent on a nonconforming use or other approval from a governmental authority, the absence of which would limit the use of any of the properties or assets in the operation of any Group Company’s business.

Appears in 2 contracts

Samples: Share Subscription Agreement (Qihoo 360 Technology Co LTD), Share Purchase Agreement (Vipshop Holdings LTD)

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Current Use. There is no known violation of any covenant, condition, restriction, easement, agreement or order of any governmental authority having jurisdiction over any Leased Real Property that affects such real property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Leased Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a significant adverse effect on the operation of the business of any Group Company. No current use by any Group Company of any Leased Real Property is dependent on a nonconforming use or other approval from a governmental authority, the absence of which would limit the use of any of the properties or assets in the operation of any Group Company’s business.

Appears in 1 contract

Samples: Share Purchase and Subscription Agreement (Vipshop Holdings LTD)

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Current Use. There is no known violation of any covenant, condition, restriction, easement, agreement or order of any governmental authority Governmental Authority having jurisdiction over any Leased Real Property that affects such real property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Leased Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a significant adverse effect on the operation of the business of any Group Company. No current use by any Group Company of any Leased Real Property is dependent on a nonconforming use or other approval from a governmental authorityGovernmental Authority, the absence of which would limit the use of any of the properties or assets in the operation of any Group Company’s business.

Appears in 1 contract

Samples: Share Purchase Agreement (TuanChe LTD)

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