Common use of Leases in Effect Clause in Contracts

Leases in Effect. All real property leases and subleases as to ---------------- which Company and its Subsidiaries are a party and any amendments or modifications thereof are listed on the Company Disclosure Schedule (each a "Lease" and collectively, the "Leases") and are valid, in full force and effect, enforceable, and there are no existing defaults, and Company has not received or 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.

Appears in 1 contract

Sources: Merger Agreement (Expedia Inc)

Leases in Effect. All real property leases and subleases as to ---------------- which Company and its Subsidiaries are is a party and any amendments or modifications thereof are listed on the Company Disclosure Schedule (each a "Lease" and collectively, the "Leases") and are valid, in full force and effect, enforceable, and there are no existing defaults, and Company has not received or 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. The Company does not own and has never owned any interest in real property other than leasehold interests.

Appears in 1 contract

Sources: Merger Agreement (Expedia Inc)

Leases in Effect. All real property leases and subleases as to which ---------------- which Company and its Subsidiaries are is a party and any amendments or modifications thereof are listed on in Section 3.24 of the Company Disclosure Schedule (each a "Lease" and ------------ ----- collectively, the "Leases") and are valid, in full force and effect, effect and ------ enforceable, and there are no existing defaultsdefaults on the part of Company, and Company has not received or 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 on the part of Company thereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Transwitch Corp /De)