Common use of Leases of Real Property Clause in Contracts

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.

Appears in 2 contracts

Sources: Share Purchase Agreement (Internet Cable Corp), Share Purchase Agreement (Laser Master International Inc)