Common use of Leases of Real Property Clause in Contracts

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").

Appears in 3 contracts

Sources: Merger Agreement (Paradigm Holdings, Inc), Merger Agreement (Neomedia Technologies Inc), Merger Agreement (Neomedia Technologies Inc)

Leases of Real Property. All leases pursuant to which the Company is or the Subsidiaries are a lessee of any real property (the "Leases") are listed in Schedule 3.13 3.14 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 or the Company has not taken adequate steps to prevent a default on its part from occurringSubsidiaries. The copies of the Leases heretofore furnished to Parent ARC 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 and the Subsidiaries are lawfully in possession of all real properties of which they are a lessee (the "Leased Properties").

Appears in 2 contracts

Sources: Share Exchange Agreement (Altrimega Health Corp), Share Exchange Agreement (Altrimega Health Corp)

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 United 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").

Appears in 1 contract

Sources: Share Exchange Agreement (United Companies Corp)

Leases of Real Property. All leases pursuant to which the Company Parent is a lessee of any real property (the "LeasesLEASES") are listed in Schedule 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 Parent or any event of default or event which with notice or lapse of time, or both, would constitute a material default by the Company Parent and in respect to which the Company Parent has not taken adequate steps to prevent a default on its part from occurring. The copies of the Leases heretofore furnished to Parent the Company 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 Parent is lawfully in possession of all real properties of which they are a lessee (the "Leased PropertiesLEASED PROPERTIES").

Appears in 1 contract

Sources: Merger Agreement (Mediabus Networks Inc)

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 Health Express 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").

Appears in 1 contract

Sources: Share Exchange Agreement (Health Express Usa Inc)

Leases of Real Property. All leases pursuant to which the Company is a lessee of any real property (the "LeasesLEASES") are listed in Schedule 3.13 and are valid and enforceable in accordance with their terms. There is not under any of such Leases 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 PropertiesLEASED PROPERTIES").

Appears in 1 contract

Sources: Merger Agreement (European Micro Holdings Inc)

Leases of Real Property. All leases pursuant to which the Company is a lessee of any real property (the "LeasesLEASES") 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 PropertiesLEASED PROPERTIES").

Appears in 1 contract

Sources: Merger Agreement (Altrimega Health Corp)