Common use of Owned and Leased Real Property Clause in Contracts

Owned and Leased Real Property. Neither NAI nor any NAI Subsidiary owns any real property. Set forth on Schedule 2.9 is a true, complete and accurate list of all leases of real property under which NAI or any NAI Subsidiary is either the lessor or lessee. To the best knowledge of the Sellers, each such lease is the legal, valid and binding obligation of the lessor and lessee thereof, enforceable in accordance with its terms. True, complete and correct copies of all leases have been delivered to the Buyer.