Lease of Real and Personal Property. Seller does not lease from or to any person, any real property. The Disclosure Letter sets forth a list of all leases pursuant to which Seller leases, as lessee, personal property for use in its Business and which either (i) are or should have been reflected as liabilities on the November 30 Balance Sheet or (ii) provide for annual rental payments in excess of $1,000 per annum. Except as set forth in the Disclosure Letter, as to all leases listed in the Disclosure Letter, the Seller (A) has performed all material obligations required to be performed by it prior to the date hereof and (B) is not in default or, to its Knowledge, alleged to be in default. To the Knowledge of Matria and the Seller, there exists no material default, or any event which upon the giving of notice or passage of time would give rise to any material default, in the performance of any obligation to be performed by any other party to any of such leases.
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Lease of Real and Personal Property. Seller does not lease from or to any person, any real property. The Disclosure Letter sets forth a list of all leases pursuant to which Seller leases, as lessee, personal property for use in its Business and which either (i) are or should have been reflected as liabilities on the November 30 December 31st Balance Sheet or (ii) provide for annual rental payments in excess of $1,000 per annum. Except as set forth in the Disclosure Letter, as to all leases listed in the Disclosure Letter, the Seller (A) has performed all material obligations required to be performed by it prior to the date hereof and (B) is not in default or, to its Knowledge, alleged to be in default. To the Knowledge of Matria ChoicePoint and the Seller, there exists no material default, or any event which upon the giving of notice or passage of time would give rise to any material default, in the performance of any obligation to be performed by any other party to any of such leases.
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