Common use of Immovable Property Clause in Contracts

Immovable Property. Section 3.8 of the Disclosure Schedule lists all real property owned by the Company and ▇▇▇ Group Companies (“Owned Real Property”). Section 3.8 of the Disclosure Schedule also lists all real property leased from or to a third party by the Company or any ▇▇▇ Group Companies (“Leased Real Property”). Except as set forth on Section 3.8 of the Disclosure Schedule, the Company or one of the ▇▇▇ Group Companies has a valid and subsisting title to all Owned Real Property and/or has a valid and subsisting leasehold estate in, and enjoys peaceful and undisturbed possession of, all Leased Real Property, subject only to any (i) Permitted Encumbrance, and (ii) except where the failure to have such interests or possession would not, individually or in the aggregate, reasonably be expected to materially impair the Company or the ▇▇▇ Group Companies use of such parcel of Owned or Leased Real Property for the uses for which it is currently intended.

Immovable Property. Section 3.8 of the Disclosure Schedule lists all real property owned by the Company and ▇▇▇ SMC Group Companies (“Owned Real Property”). Section 3.8 of the Disclosure Schedule also lists all real property leased from or to a third party by the Company or any ▇▇▇ SMC Group Companies (“Leased Real Property”). Except as set forth on Section 3.8 of the Disclosure Schedule, the Company or one of the ▇▇▇ SMC Group Companies has a valid and subsisting title to all Owned Real Property and/or has a valid and subsisting leasehold estate in, and enjoys peaceful and undisturbed possession of, all Leased Real Property, subject only to any (i) Permitted Encumbrance, and (ii) except where the failure to have such interests or possession would not, individually or in the aggregate, reasonably be expected to materially impair the Company or the ▇▇▇ SMC Group Companies use of such parcel of Owned or Leased Real Property for the uses for which it is currently intended.