Common use of Leasehold Interests Clause in Contracts

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, without any default of the Company thereunder and, to the best of the Company’s knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s knowledge, by any other party thereto. The Company’s possession of such property has not been disturbed and, to the best of the Company’s knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Imcor Pharmaceutical Co), Securities Purchase Agreement (Imcor Pharmaceutical Co)

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Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting existing agreement, duly authorized and entered into, without any default of the Company thereunder and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s knowledge's knowledge after due inquiry, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Convertible Debenture and Warrant Purchase Agreement (Americana Publishing Inc), And Warrant Purchase Agreement (Americana Publishing Inc)

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, agreement without any default of the Company thereunder thereunder, except as set forth on Schedule 4.11, and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s 's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Air South Airlines Inc), Convertible Debenture Purchase Agreement (Air South Airlines Inc)

Leasehold Interests. Each lease or agreement to which the ------------------- Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, without any default of the Company thereunder and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s 's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Adolor Corp), Preferred Stock Purchase Agreement (Adolor Corp)

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered intointo by the Company, without any default of the Company thereunder and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or of lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s 's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Sonus Networks Inc)

Leasehold Interests. Each lease or agreement to which ------------------- the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, without any default of the Company thereunder and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s knowledge's knowledge after due inquiry, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Adolor Corp)

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, agreement without any default of the Company thereunder thereunder, except as set forth on Schedule 4. 11, and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s 's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Air South Airlines Inc)

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Leasehold Interests. Each lease or agreement to which the Company Corporation is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, without any default of the Company Corporation thereunder and, to the best of the Company’s Corporation's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company Corporation under any such lease or agreement or, to the best of the Company’s Corporation's knowledge, by any other party thereto. The Company’s Corporation's possession of such property has not been disturbed and, to the best of the Company’s knowledgeCorporation's knowledge after due inquiry, no claim has been asserted against the Company Corporation adverse to its rights in such leasehold interests.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Cubist Pharmaceuticals Inc)

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, agreement without any default of the Company thereunder thereunder, except as set forth on Schedule 4.11, and, to the best of the Company’s 's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or of lapse of time or both, would constitute a default or to event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party part thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s 's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Air South Airlines Inc)

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, without any material default of the Company thereunder and, to the best of the Company’s 's knowledge, without any material default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a material default or event of default by the Company under any such lease or agreement or, to the best of the Company’s 's knowledge, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best of the Company’s 's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Thrupoint Inc)

Leasehold Interests. Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement, duly authorized and entered into, without any default of the Company thereunder and, to the best knowledge of the Company’s knowledgeCompany and the Executive Shareholders, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best knowledge of the Company’s knowledgeCompany or the Executive Shareholders, by any other party thereto. The Company’s 's possession of such property has not been disturbed and, to the best knowledge of the Company’s knowledgeCompany and the Executive Shareholders, no claim has been asserted against the Company adverse to its rights in such leasehold interests. The Company does not own any real property.

Appears in 1 contract

Samples: Securities Purchase Agreement (Meridian Financial Corp)

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