Facility Leases and Leased Real Property Clause Samples
The 'Facility Leases and Leased Real Property' clause defines the terms and conditions governing the leasing of facilities or real estate by a party. It typically outlines the rights and obligations of the lessee and lessor, such as maintenance responsibilities, permitted uses, and compliance with lease agreements. This clause ensures that all leased properties are properly disclosed and managed, helping to prevent disputes over property use and clarifying each party's responsibilities regarding leased real estate.
Facility Leases and Leased Real Property. With respect to each ---------------------------------------- Facility lease, the Company has an unencumbered interest in the leasehold estate. The Company enjoys peaceful and undisturbed possession of all Leased Real Property.
Facility Leases and Leased Real Property. With respect to each ---------------------------------------- Facility Lease, Seller has and will transfer to Buyer at the Closing its entire interest in the Leasehold Estate free and clear of all liens and encumbrances on Seller's rights therein. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property.
Facility Leases and Leased Real Property. With respect to each Facility Lease, the Company or a Subsidiary of the Company has an unencumbered interest in the Leasehold Estates, other than Encumbrances which do not materially interfere with, or otherwise materially affect the present use and enjoyment of the Facility subject thereto or affected thereby.
Facility Leases and Leased Real Property. Except for the Permitted Encumbrances, Seller enjoys and will transfer to Buyer at the Closing peaceful and undisturbed possession of all the Leased Real Property.
Facility Leases and Leased Real Property. Except as set forth on ---------------------------------------- Schedule 4.5(c), there are no restrictions, prohibitions or limitations on the ability to assign, transfer, or otherwise convey or dispose of the Seller's interest under any of the Facility Leases. With respect to each Facility Lease, Seller has and will transfer to Buyer at the Closing an unencumbered interest in the Leasehold Estate. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners.
Facility Leases and Leased Real Property. With respect to each Facility Lease, Seller has and will transfer to Acquiror at the Closing an unencumbered interest in the applicable Leasehold Estate. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property. Schedule 4.8(a)(xiii) sets forth a complete and accurate list of all real property Leases or other interests therein owned by Seller.
Facility Leases and Leased Real Property. With respect to each ---------------------------------------- Facility lease, Stone has an unencumbered interest in its applicable leasehold estate and enjoys peaceful and undisturbed possession of its applicable Leased Real Property.
Facility Leases and Leased Real Property. Except as contemplated by the Transactions, with respect to each Facility Lease, the Company has, and upon consummation of the Merger, the Company will have at the Closing, an unencumbered interest in the Leasehold Estate. The Company enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners and sublessees, the Company has in all material respects performed all the obligations required to be performed by it through the date hereof under the Facility Leases.
Facility Leases and Leased Real Property. With respect to each Facility Lease, Seller has and will have at the Closing an unencumbered interest in the Leasehold Estate. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners.
Facility Leases and Leased Real Property. With respect to each of ---------------------------------------- its Leased Real Property, the Company or an ABS Subsidiary is the sole lessee or sublessee and such lessee or sublessee has an unencumbered interest in the leasehold estate related thereto. Each of the Company and the ABS Subsidiaries enjoys peaceful and undisturbed possession of all of its Leased Real Property. To the best knowledge of the Company, each Facility lease or sublease is valid, binding and enforceable in accordance with its terms. None of the Company or the ABS Subsidiaries is in default in any material respect under any Facility lease or sublease, and, to the best knowledge of the Company, no event or condition exists that with notice or lapse of time or both would constitute a default in any material respect by the Company or any ABS Subsidiary under any Facility lease or sublease. True, correct and complete copies of all leases and subleases listed on Schedule 3.7, including all amendments, modifications, written waivers or supplemental agreements thereto, have been delivered to, or made available for inspection by, HDA or its representatives.