Common use of Leases in Effect Clause in Contracts

Leases in Effect. All real property leases and subleases as to which CPS is a party and any amendments or modifications thereof (each a "Lease" and, collectively, the "Leases") are listed in the CPS Disclosure Schedule and are valid, in full force and effect and enforceable, and there are no existing defaults on the part of CPS, and CPS has not received nor given notice of default or claimed default with respect to any Lease, nor is there any event that with notice or lapse of time, or both, would constitute a default thereunder. Except as set forth on the CPS Disclosure Schedule, no consent is required from any party under any Lease in connection with the completion of the transactions contemplated by this Agreement, and CPS has not received notice that any party to any Lease intends to cancel, terminate, or refuse to renew the same or to exercise any option or other right thereunder, except where the failure to receive such consent, or where such cancellation, termination, or refusal would not have a Material Adverse Effect on CPS.

Leases in Effect. All real property leases and subleases as to which CPS the Company is a party and any amendments or modifications thereof (each a "Lease" and, collectively, the "Leases") are listed in the CPS Disclosure Schedule Schedules and are valid, in full force and effect and enforceable, and there are no existing defaults on the part of CPS, any party and CPS no party has not received nor given notice of default or claimed default with respect to any Lease, nor is there any event that with notice or lapse of time, or both, would constitute a default thereunder. Except as set forth on the CPS Disclosure ScheduleSchedules, no consent is required from any party under any Lease in connection with the completion of the transactions contemplated by this Agreement, and CPS has not none of the Company and Seller have received notice that any party to any Lease intends to cancel, terminate, or refuse to renew the same or to exercise any option or other right thereunder, except where the failure to receive such consent, or where such cancellation, termination, or refusal would not have a Material Adverse Effect on CPSthe Company and Seller.

Leases in Effect. All real property leases and subleases as to which CPS is a party and any amendments or modifications thereof (each a "Lease" and, collectively, the "Leases") as to which BRIGHT is a party are listed in the CPS BRIGHT Disclosure Schedule and are valid, in full force and effect and enforceable, and there are no existing defaults on the part of CPSBRIGHT, and CPS BRIGHT has not received nor given notice of default or claimed default with respect to any Lease, nor is there any event that with notice or lapse of time, or both, would constitute a default thereunder. Except as set forth on the CPS BRIGHT Disclosure Schedule, no consent is required from any party under any Lease in connection with the completion of the transactions contemplated by this Agreement, and CPS BRIGHT has not received notice that any party to any Lease intends to cancel, terminate, or refuse to renew the same or to exercise any option or other right thereunder, except where the failure to receive such consent, or where such cancellation, terminationtermination or refusal, or refusal would not have a Material Adverse Effect on CPSBRIGHT.