Leases of Real Property Clause Samples

Leases of Real Property. Set forth on Schedule 4.01(r) hereto is a complete and accurate list of all leases of Real Property under which any Loan Party or any of its Subsidiaries is the lessee of Real Property from an entity that is not an Affiliate of the lessee, showing as of the date hereof the street address, county or other relevant jurisdiction, state, lessor, lessee, expiration date and annual rental cost thereof. Each such lease is the legal, valid and binding obligation of the lessor thereof, enforceable in accordance with its terms.

Leases of Real Property. All leases pursuant to which the Company is a lessee of any real property (the "Leases") are listed in Schedule 3.13 and are valid and enforceable in accordance with their terms. There is not under any of such Leases any material default or any claimed material default by the Company or any event of default or event which with notice or lapse of time, or both, would constitute a material default by the Company and in respect to which the Company has not taken adequate steps to prevent a default on its part from occurring. The copies of the Leases heretofore furnished to Parent are true, correct and complete, and such Leases have not been modified in any respect since the date they were so furnished, and are in full force and effect in accordance with their terms. The Company is lawfully in possession of all real properties of which they are a lessee (the "Leased Properties").

Leases of Real Property. All leases pursuant to which the Company or any Subsidiary is lessee or lessor of any real property (the “Leases”) are listed on Schedule 3.13 and are valid and enforceable in accordance with their terms. There is not under any of such Leases (a) any material default or any claimed material default by the Company or any Subsidiary or any event of default or event which with notice or lapse of time, or both, would constitute a material default by the Company or any Subsidiary and in respect to which the Company or such Subsidiary has not taken adequate steps to prevent a default on its part from occurring or (b) to the knowledge of the Company, any material default by any lessee of the Company or any Subsidiary or any event of default or event which with notice or lapse of time, or both, would constitute a material default by any such lessee. The copies of the Leases heretofore furnished to Buyers are true, correct and complete, and such Leases have not been modified in any respect since the date they were so furnished, and are in full force and effect in accordance with their terms. The Company and each Subsidiary is lawfully in possession of all real properties of which it is a lessee (the “Leased Properties”).

Leases of Real Property. (1) Inclusion of a termination for convenience clause in a real property lease is discretionary with the Board of Public Works, upon recommendation of the Secretary of General Services. (2) In recommending the exclusion of a termination for convenience clause in a real property lease, the Secretary shall consider such factors as:

Leases of Real Property. Subject to the terms and conditions of this Agreement and the Ancillary Agreements, prior to the Distribution the Parties shall enter into the following leases of real property: (i) Those certain real estate leases from Chaparral, as lessor, to TXI, as lessee, set forth on Schedule 2.1(b)(i) (the “Chaparral Real Estate Leases”) and any and all improvements, fixtures, machinery, equipment and other property located on the premises demised under the Chaparral Real Estate Leases; and (ii) Those certain real estate leases from TXI, as lessor, to Chaparral, as lessee, set forth on Schedule 2.1(b)(ii) (the “TXI Real Estate Leases”) and any and all improvements, fixtures, machinery, equipment and other property located on the premises demised under the TXI Real Estate Leases.

Leases of Real Property. Section 3.35 of the Disclosure Letter sets out all leases and agreements to lease (the "Real Property Leases") under which the Corporation or a Subsidiary thereof leases any real property (collectively, the "Leased Premises"). The Vendors have provided complete and correct copies of the Real Property Leases to the Purchaser, except the leases with WPP, which will terminate at Closing upon acquisition by the Purchaser of the Canadian Real Property. Section 3.35 of the Disclosure Letter describes, for each Real Property Lease other than leases with WPP: (a) the names of the parties to the Real Property Leases; (b) a description of the Leased Premises (including municipal address and legal description); (c) the expiration of the term and any rights of renewal; (d) rent and other amounts payable; (e) the current use of such property; and (f) any restrictions with respect to change of control, assignment or business combinations. Each Real Property Lease is in good standing and in full force and effect and the Corporation or a Subsidiary thereof is exclusively entitled to all rights and benefits as lessee under the Real Property Leases and the Corporation or such Subsidiary (as applicable) has not sublet, assigned or otherwise conveyed any rights in the Leased Premises or in the Real Property Leases to any Person. For each Real Property Lease, the Corporation or its Subsidiary (as applicable) has: (i) paid all rental and other requisite payments; (ii) performed all obligations required by it, and to the Vendors' knowledge, the other party has not defaulted under any of its obligations; and (iii) except as set out in Section 3.23 of the Disclosure Letter not been in breach of any Laws (including building and zone laws), covenant, restriction or official plan. The Corporation or a Subsidiary thereof owns and have good and marketable title, free and clear of all Encumbrances (other than Permitted Encumbrances), to all chattels (specifically excluding any Buildings and Fixtures) located on the Leased Premises and have adequate rights of ingress and egress to each of the Leased Premises for the operation of the Business. For the avoidance of doubt, the Real Property Lease for the property located at 102, 2317 – ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ will be terminated at or prior to Closing, with the security deposit returned to the Corporation.

Leases of Real Property. All rights of the Seller (whether as lessor or lessee) under leases of real property, together with all leasehold improvements relating thereto, including, without limitation, all rights under the leases listed in Schedule 4.19(b);

Leases of Real Property. The Leases are listed in Schedule 3.13 and are valid and enforceable in accordance with their terms. There is not under any of such Leases any material default or any claimed material default by the Company or any event of default or event which with notice or lapse of time, or both, would constitute a material default by the Company and in respect to which the Company has not taken adequate steps to prevent a default on its part from occurring. The copies of the Leases heretofore furnished to the Purchaser are true, correct and complete, and such Leases have not been modified in any respect since the date they were so furnished, and are in full force and effect in accordance with their terms. The Company is lawfully in possession of all real properties of which they are a lessee (the “Leased Properties”).

Leases of Real Property. All leases of real property and all interests held by Cable Systems and the Subsidiaries of Cable Systems as lessees under real property leases are reduced to writing and are recorded on the books of Cable Systems and/or the Subsidiaries of Cable Systems. All rental and other payments required to be paid by Cable Systems or any Subsidiaries of Cable Systems as lessees are paid on a timely basis. Such leases are in full force and effect without amendment thereto and neither Cable Systems nor any Subsidiary of Cable Systems, nor the other party thereto, is otherwise in default in meeting its obligations contained in any such lease.