Common use of Leases and Real Property Clause in Contracts

Leases and Real Property. All material leases and other ------------------------ material agreements under which each Borrower occupies real property are in full force and effect and constitute legal, valid and binding obligations of, and are legally enforceable against, each Borrower, and to the best of each Borrower's knowledge, are the binding obligations of and legally enforceable against, the other parties thereto. All necessary governmental approvals required to have been obtained by each Borrower, if any, have been obtained for each such material lease or agreement, and to each Borrower's knowledge there have been no threatened cancellations thereof, and there are no outstanding material disputes with respect thereto. No Borrower owns any interest in real property (other than the real property and leasehold interests listed on Schedule 5.17 hereto). -------------

Leases and Real Property. All material leases and other agreements ------------------------ material agreements under which each Borrower occupies real property comprised of 2,000 square feet or more are in full force and effect and constitute legal, valid and binding obligations of, and are legally enforceable against, each Borrower, and to the best of each Borrower's knowledge, are the binding obligations of and legally enforceable against, the other parties thereto. All necessary governmental approvals required to have been obtained by each Borrower, if any, have been obtained for each such material lease or agreement, and to each Borrower's knowledge there have been no threatened cancellations thereof, and there are no outstanding material disputes with respect thereto. No Borrower owns any interest in real property (other than the real property and leasehold interests listed on Schedule 5.17 ------------- hereto). -------------.