Common use of Personal and Real Property Clause in Contracts

Personal and Real Property. The Company leases all of the real property and owns all personal property used in the operation of the Company's business, free and clear of all Liens, except as set forth in Schedule 3.1.14. Each lease listed in Schedule 3.1.14 is in full force and effect, and the Company is not in material default under any of such lease, nor has any event occurred which, with the giving of notice or the lapse of time, or both, would constitute a default under any such lease by the Company. The Company has furnished to KHC a true and complete copy of all such leases.