Current Use. The current use of the Owned Real Property does not violate in any material respect any instrument of record or agreement affecting such Owned Real Property. There is no violation of any covenant, condition, restriction, easement, agreement or order of any governmental authority having jurisdiction over any of the Owned Real Property that affects such real property or the use or occupancy thereof (except for Permitted Liens). No damage or destruction has occurred with respect to any of the Owned Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a Material Adverse Effect on the Company.
Appears in 2 contracts
Sources: Merger Agreement (Integrated Circuit Systems Inc), Merger Agreement (Microclock Inc)
Current Use. The current use of the Owned Real Property does not violate in any material respect any instrument of record or agreement affecting such Owned Real Property. There is no violation of any covenant, condition, restriction, easement, agreement or order of any governmental authority having jurisdiction over any of the Owned Real Property that affects such real property or the use or occupancy thereof (except for Permitted Liens)thereof. No damage or destruction has occurred with respect to any of the Owned Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a Material Adverse Effect significant adverse effect on the operation of the Company's business.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Ameritruck Distribution Corp), Stock Purchase Agreement (Linc Net Inc)
Current Use. The current use of the Owned Real Property does not ----------- violate in any material respect any instrument of record or agreement affecting such Owned Real Property. There is no violation of any covenant, condition, restriction, easement, agreement or order of any governmental authority having jurisdiction over any of the Owned Real Property that adversely affects such real property or the use or occupancy thereof (except for Permitted Liens)thereof. No Since the date of the Most Recent Financial Statements, no damage or destruction has occurred with respect to any of the Owned Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a Material Adverse Effect significant adverse effect on the operation of the Company's business.
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Current Use. The current use and operation of the Owned Real Property in the conduct of the Business does not violate in any material respect any instrument of record or agreement affecting such the Owned Real Property, or, to the knowledge of the Sellers, the Leased Property. There is no violation of any covenant, condition, restriction, easement, agreement easement or order of any governmental authority Governmental Authority having jurisdiction over such property or of any of other Person entitled to enforce the Owned same affecting the Real Property that affects such real property or the use or occupancy thereof (except for Permitted Liens)thereof. No damage or destruction has occurred with respect to any of the Owned Real Property thatthat would, individually or in the aggregate, has had or resulted in, or will have or result in, a Material Adverse Effect on the CompanyEffect.
Appears in 1 contract
Sources: Asset Purchase Agreement (Leiner Health Products Inc)
Current Use. The current use of the Owned Real Property does not violate in any material respect any instrument of record or agreement affecting such Owned Real Property. There is no violation of any covenant, ordinance, law, regulation, condition, restriction, easement, agreement or order of any governmental authority Government Authority having jurisdiction over any of the Owned Real Property that affects such real property or the use or occupancy thereof (except for Permitted Liens)thereof. No damage or destruction has occurred with respect to any of the Owned Real Property that, individually or in the aggregate, has had or resulted in, or will have or result in, a Material Adverse Effect significant adverse effect on the Companyoperation of the Business.
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