Real Property definition
Examples of Real Property in a sentence
As of the Closing Date, the Loan Parties own in fee all the Real Property set forth as being owned by them on Schedule 3.15(1).
The Real Property constitutes all the real property necessary and sufficient to continue to operate the Business substantially in the same manner as conducted by the Seller up to the date hereof, in accordance with the Ordinary Course of Business.
As of the ClosingAmendment No. 1 Effective Date, the Loan Parties have in all material respects valid leases on all material Real Property set forth as being leased by them on Schedule 3.15(2).
In connection with the addition of any Material Real Property as Collateral, the Administrative Agent shall obtain a completed Flood Hazard Determination with respect to each such Material Real Property.
Except as would not, individually or in the aggregate, have a Company Material Adverse Effect, all such material tangible assets and properties (including the Company Leased Real Property) are in good operating condition and repair, ordinary wear and tear excepted.