BUSINESS REAL PROPERTY Sample Clauses

BUSINESS REAL PROPERTY. 1 CERCLA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 CLAIMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
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BUSINESS REAL PROPERTY. In addition, Seller shall make available to Buyer copies of all other environmental reports and certificates (of which Seller has knowledge) with respect to the Business Real Property. If the Phase One Environmental Report discloses any likelihood of contamination, Seller shall have until the Closing Date to remedy that contamination (unless Buyer waives the requirement for remediation). In the event ft is apparent that a remedy can not be completed by the Closing Date, then Seller can either elect to rescind the transaction in its entirely or place sufficient funds into the escrow at the Closing Date to cover the expense of the required remedy. Except as disclosed by Seller on Exhibit "C" attached hereto, (i) no activity in connection with Seller's Business pdor to Closing shall have produced any to)dc materials, the presence or use of which upon the Business Real Property would violate any federal, state, local or other governmental law, regulation or order or would require reporting to any governmental authority and (ii) the Business Real Property is otherwise free and clear of any toxic materials. For purposes or this subparagraph (h), the phrase "toxic materials" shall include but not be limited to any and all substances deemed to be pollutants, toxic materials or hazardous materials under any state or federal law.
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BUSINESS REAL PROPERTY. Material Agreement Old ACG was formed in June 1997, and Parent was formed in September 1997. Nether Parent nor Old ACG has not conducted any material business since the date of its inception, except raising capital and in connection with this Agreement and the Original Agreement and similar agreements with the Founding Companies. Except as disclosed on Schedule 8.12, neither Parent nor Old ACG owns, and has not at any time owned, any real property or any material personal property and neither is a party to any other material agreement.
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BUSINESS REAL PROPERTY. 21 Buyer ........................................................... 2
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BUSINESS REAL PROPERTY. 63 Business Real Property Leases ................. 38
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BUSINESS REAL PROPERTY. (a) Section 3.17(a) of the Disclosure Schedule lists the street address and/or legal description of each parcel of Owned Real Property.
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BUSINESS REAL PROPERTY. The Business Real Property for the Nissan store currently consist of parcels and improvements located at 600 and 000 X. Xxxxxxx (except for those portions used in the operation of the BMW franchise which Lithia will retain), and for the Volkswagen store consists of parcels and improvements located at 705, 712, 717 and 000 X. Xxxxxxxxx and 000 Xxxx, Xxxxxxx, Xxxxxx. These Business Real Property parcels are currently leased by Lithia through its wholly owned subsidiary, copies of which agreements have been provided to Xxxxxxx. However, if, prior to the closing of any such purchase, the business location for the dealerships shall change, the Business Real Property will be such new location or locations and the improvements thereon.
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Related to BUSINESS REAL PROPERTY

  • Real Property (a) The Company does not own any real property.

  • Leased Real Property Section 3.13(b) of the Company Disclosure Letter contains a true, correct and complete list of (i) all of the real property that is leased, subleased, licensed or otherwise used or occupied by, the Company or any of its Subsidiaries (such property, the “Leased Real Property”) and (ii) all leases, subleases, licenses or other Contracts pursuant to which the Company or its Subsidiaries use or occupy, or have the right to use or occupy, now or in the future, such Leased Real Property (each, a “Lease”). The Company has made available to Parent true, correct and complete copies of all Leases (including all material modifications, amendments and supplements thereto), and in the case of any oral Lease, a written summary of the material terms of such Lease. The Company and/or one of its Subsidiaries, as the case may be, have and own good, valid and subsisting leasehold interests in the Leased Real Property under each Lease, subject to proper authorization and execution of such Lease by the other party thereto and Permitted Liens, except in each case, as enforcement may be limited by the Enforceability Limitations, except as would not, individually or in the aggregate, have a Company Material Adverse Effect. With respect to each Lease and except as would not, individually or in the aggregate, have a Company Material Adverse Effect or materially and adversely affect the current use by the Company or its Subsidiaries of the Leased Real Property, (i) each Lease is in full force and effect and a valid, binding and legally enforceable obligation of the Company or its applicable Subsidiary, as the case may be, and, to the Knowledge of the Company, the other parties thereto (except in each case as may be limited by the Enforceability Limitations); (ii) each Lease has not been amended or modified in any material respect except as reflected in the modifications, amendments, supplements and side letters thereto made available to Parent; (iii) there is no existing material default or event of default by the Company or any of its Subsidiaries or, to the Knowledge of the Company, any other party thereto, under any Lease (iii) to the Knowledge of the Company, there are no disputes with respect to any Lease; (iv) neither the Company nor any of its Subsidiaries has collaterally assigned or granted any other security interest in such Lease or any interest therein; and (v) there are no Liens (other than Permitted Liens) on the estate or interest created by such Lease. The Leased Real Property is in all material respects in good operating condition and in a state of good and working maintenance and repair, ordinary wear and tear excepted, and is adequate and suitable for its current uses and purposes. There are no physical conditions or defects on any part of the Leased Real Property that would materially impair or would be reasonably expected to materially impair the continued operation of the business of the Company and its Subsidiaries as presently conducted at such Leased Real Property.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Owned Real Property The Company does not own any real property.

  • Title to Assets; Real Property (a) The Company has good and valid (and, in the case of owned Real Property, good and marketable fee simple) title to, or a valid leasehold interest in, all Real Property and personal property and other assets reflected in the Audited Financial Statements or acquired after the Balance Sheet Date, other than properties and assets sold or otherwise disposed of in the ordinary course of business consistent with past practice since the Balance Sheet Date. All such properties and assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as “Permitted Encumbrances”):

  • Real Property; Personal Property (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Owned and Leased Real Properties (a) Neither Public Company nor any of its Subsidiaries owns or has ever owned any real property.

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances.

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Existence; Businesses and Properties (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05.

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