Common use of Real Property and Leaseholds Clause in Contracts

Real Property and Leaseholds. (a) Schedule. Schedule 5.14 sets forth a correct and complete list and legal description of all Real Property and all Leaseholds in which the Company has an interest and its location. The Company has good, marketable and insurable title, in fee simple, to the Real Property, subject to Permitted Liens. Except as set forth in Schedule 5.14, none of the Real Property is subject to any lease or sublease. The Company has a valid leasehold interest in each of the Leaseholds. Except as set forth on Schedule 5.14(a), each of the Leaseholds is the subject of a written lease agreement, and to the Knowledge of the Sellers, there are no oral terms inconsistent with the

Real Property and Leaseholds. (a) Schedule. Schedule 5.14 sets forth a correct and complete list and legal description of all Real Property and all Leaseholds in which the Company has an interest and its location. The Company has good, marketable and insurable title, in fee simple, to the Real Property, subject to Permitted Liens. Except as set forth in Schedule 5.14, none of the Real Property is subject to any lease or sublease. The Company has a valid leasehold interest in each of the Leaseholds. Except as set forth on Schedule 5.14(a), each of the Leaseholds is the subject of a written lease agreement, and to the Knowledge of the Sellers, there are no oral terms inconsistent with thethe written terms thereof. The Real Property and Leaseholds are adequate for the conduct of the Business as conducted by the Company on the date of this Agreement.