No Material Defects. With respect to the Owned Real Property, and to Seller’s Knowledge with respect to the Leased Real Property, there are no material defects in any of the improvements located on the Real Property. The improvements located thereon have been and are presently used and operated in compliance in all material respects with, and in no material way violate any, Permitted Encumbrances or applicable Laws. Seller has not received any written notice of any such defects or violations.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Xanser Corp), Asset Purchase Agreement (Flowserve Corp)