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 subsisting agreement, without any material default of the Company thereunder and, to the knowledge of the Company, 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 under any such lease or agreement. The Company's possession of such property has not been disturbed nor has any claim been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc), Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc)

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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 agreement, without any material default of the Company thereunder and, to the knowledge of the Company, without any default thereunder of any other party theretoand duly authorized and entered into. 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 agreementagreement or, to the Company’s knowledge, by any other party thereto. The Company's ’s possession of such property has not been disturbed nor and, to the Company’s knowledge, no claim has any claim 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)

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 knowledge of the Company, without any default thereunder of any other party theretothereunder. 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. The Company's ’s possession of such property has not been disturbed nor and, to the best of the Company’s knowledge after due inquiry, no claim has any claim been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement, Series a Convertible Preferred Stock Purchase Agreement (Poniard Pharmaceuticals, Inc.)

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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 subsisting agreement, without any material default of the Company thereunder and, to the knowledge of binding upon the Company, without any default thereunder of any other party theretothe Company thereunder. No event has occurred and is continuing whichthat, 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. The Company's possession of such property has not been disturbed nor and, to the Company's knowledge, no claim has any claim been asserted against the Company adverse to its rights in such leasehold interests.

Appears in 2 contracts

Samples: Securities Exchange and Purchase Agreement (Fresh America Corp), Securities Exchange and Purchase Agreement (Fresh America Corp)

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