Real Property and Improvements. The Real Property and Improvements owned by Xx. Xxxxxxxx or his Affiliates are owned in fee simple, free and clear of all Liens, claims and encumbrances, except those disclosed in Schedule 3.3(a), none of which currently or, to the knowledge of Xx. Xxxxxxxx or his Affiliates, in the future will materially affect the use of such Real Property or such Improvements for the conduct of the respective businesses of the Companies as presently conducted or, as to the New Facility, as proposed to be conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. No one has been granted any right to purchase or lease such Real Property or Improvements other than the existing leases in favor of the Companies, which are to be terminated at the Closing by agreement between the parties and pursuant to which the owners shall acknowledge that there are no defaults under any such leases and that the Companies have no liability arising out of or relating to such leases. Attached as Schedule 3.3 are all surveys, title binders, title policies and copies of any exceptions to title relating to such Real Property or Improvements.
Real Property and Improvements. The Stockholder owns the Real Property and Improvements in fee simple, free and clear of all Liens, except those disclosed in Schedule 3.3(a), none of which currently or, to its knowledge, in the future will affect the use of the Real Property or the Improvements for the conduct of the business of the Company as presently conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. No one has been granted any right to purchase or lease the Real Property or Improvements other than the existing leases in favor of the Company, which are to be terminated at the Closing by agreement between the parties and pursuant to which the Stockholder shall acknowledge that there are no defaults under any such leases and that the Company has no liability arising out of or relating to such leases.
Real Property and Improvements. 1. Except as otherwise provided in the Definitive Agreements, neither this MOU nor the Realignment Plan will change, modify or require the conveyance of the record ownership of the real estate currently comprising the IUPUI campus.
Real Property and Improvements. The Stockholder owns the Real Property and Improvements in fee simple, free and clear of all Liens, claims and encumbrances, except those disclosed in SCHEDULE 3.3(a), none of which currently or, to the Stockholder's knowledge, in the future will affect the use of the Real Property or the Improvements for the conduct of the respective businesses of the Company as presently conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. Except as set forth in ARTICLE 1 hereof, no one has been granted any right to purchase or lease the Real Property or Improvements other than the existing lease in favor of the Company, which is to be terminated at Closing. Attached as SCHEDULE 3.3 are all surveys, title binders, title policies and copies of any exceptions to title.
Real Property and Improvements. Seller's right, title and interest in: (a) the real property described in the legal descriptions attached hereto as Exhibit "A-4" (collectively, the "Real Property"); and (b) all improvements located thereon (collectively, the "Improvements").
Real Property and Improvements. Such Seller owns good, indefeasible and insurable title to the Real Property owned by it, free and clear of any and all mortgages, liens, encumbrances, charges, claims, restrictions, pledges, security interest or impositions except the Permitted Liens. There are no existing or impending Improvement liens or special assessments to be made, or which have been made, against the Real Property or Improvements owned by it by any governmental authority. Neither the Improvements owned by it, nor the use thereof, any Personal Property therein, nor the operation or maintenance thereof, violate any restrictive covenant or encroach on any property owned by others. No condemnation or similar proceeding is pending, nor, has such Seller or the Facility owned by it, received any written notice of any condemnation or similar proceeding, threatened or contemplated that would preclude or impair the use of the Real Property, the Improvements or Personal Property owned by it or any portion thereof by Purchaser for the purposes for which it is currently used.
Real Property and Improvements. Such Seller owns good, indefeasible and insurable title to the Real Property owned by it, free and clear of any and all mortgages, liens, encumbrances, charges, claims, restrictions, pledges, security interest or impositions except the Permitted Liens. There are no existing or impending Improvement liens or special assessments to be made, or which have been made, against the Real Property or Improvements owned by it by any governmental authority. Neither the Improvements owned by it, nor the use thereof, any Personal Property therein, nor the operation or maintenance thereof, violate any restrictive covenant or encroach on any property owned by others in any material respect. No condemnation or similar proceeding is pending, nor, has such Seller or the Facility owned by it, received any written notice of any condemnation or similar proceeding, threatened or contemplated that would preclude or impair the use of the Real Property, the Improvements or Personal Property owned by it or any portion thereof by Purchaser for the purposes for which it is currently used.
Real Property and Improvements. Schedule 3.07 contains a list of all interests in real property leased by Seller (the "Real Property"). Seller does not own any real property. The uses for which the buildings, facilities, and other improvements located on the Real Property (the "Improvements") are zoned do not materially restrict, or in any manner materially impair, the use of the Improvements for purposes of the businesses of Seller as conducted on the date of this Agreement. The Seller is the lessee of each of the leasehold estates set forth in Schedule 3.07 as being leased by it, and except as set forth in Schedule 3.07, is in possession of each of the premises purported to be so leased. Each such lease pursuant to which such leasehold estate is granted is valid and without any material default thereunder by Seller, or, to the knowledge of Seller, the landlord. Except as set forth in Schedule 3.07, there are no pending or, to the knowledge of Seller, threatened, condemnation, eminent domain or similar proceeding with respect to the Real Property or the Improvements and no special taxes or assessments relating to any part of the Real Property, and no public improvements that may result in a special tax or assessment against any part of the Real Property, are proposed, in progress or completed. To the knowledge of Seller, there are no structural defects in the buildings and other improvements situated on the real property owned or leased by Seller, and all such facilities are in all material respects in good condition and working order (reasonable wear and tear excepted) and adequate for the operation of Seller's business as currently conducted.
Real Property and Improvements. The Restaurant facility at the Simsbury Farms Golf Course located at 000 Xxx Xxxxx Xxxx, Xxxxxxxx, Connecticut, excepting therefrom the area known as the pro-shop, more particularly described in Exhibit A, hereinafter referred to as the “Demised Premises” as set forth in Exhibit A. The lessee will operate a food and beverage cart to be located on the Golf Course. The cart will be provided by the Town. The location of this Cart is not shown on the demised premises. The banquet tent located adjacent to the patio will also be included in the demised premises though not shown on the exhibit.
Real Property and Improvements. The ownership of the SVRS Station will be undisturbed during the term of this Agreement.
