Company Leases. Schedule 3.16 hereto lists all of the Company Leases. Complete copies of the Company Leases, and all material amendments thereto (which are identified on Schedule 3.16), have been made available by the Company to Parent. The Company Leases grant leasehold estates free and clear of all Encumbrances granted by or caused by the actions of the Company. To the knowledge of the Company, the Company Leases are in full force and effect and are binding and enforceable against each of the parties thereto in accordance with their respective terms. Except as set forth on Schedule 3.16, neither the Company nor, to the knowledge of the Company, any other party to a Company Lease, has committed a material breach or default under any Company Lease, nor has there occurred any event that with the passage of time or the giving of notice or both would constitute such a breach or default, nor are there any facts or circumstances that would reasonably indicate that the Company is likely to be in material breach or default thereunder. Schedule 3.16 correctly identifies each Company Lease the provisions of which would be materially and adversely affected by the transactions contemplated hereby and each Company Lease that requires the consent of any third party in connection with the transactions contemplated hereby. No material construction, alteration or other leasehold improvement work with respect to the real property covered by any of the Company Leases remains to be paid for or to be performed by the Company. No Company Leases have an unexpired term which including any renewal or extensions of such term provided for in the Company Lease could exceed fifty years.
Company Leases. To its knowledge, the Company and each of its Subsidiaries is in good standing under all, and is not in material default under any, and there is no existing condition, circumstance or matter which constitutes or which with the passage of time or the giving of notice, would constitute a material default under any, Company Leases and other title and operating agreements or documents or any other material agreements or instruments pertaining to the Company Assets or to which it is a party or by which it or the Company Assets are bound and all such Company Leases, title and operating documents and other material agreements and instruments are in good standing and in full force and effect and none of the counterparties to such Company Leases, title and operating documents and other material agreements or instruments is in material default thereunder.
Company Leases. During the Interim Period, Purchaser shall use commercially reasonable efforts, including, but not limited to, cooperating in obtaining any consent or amendment, that fully removes [Redacted – Personal Information – Company Leases] as a guarantor under the Leases, and extinguishes any obligations or liabilities under the applicable guaranty agreement as of the Closing.
Company Leases. In the event [Redacted—Personal Information—Company Leases] remains a guarantor under any Lease from and after Closing, Purchaser shall use commercially reasonable efforts, including, but not limited to, obtaining any consent or amendment, to fully remove [Redacted—Personal Information—Company Leases] as a guarantor and extinguish any obligations or liabilities under the applicable guaranty agreement. In the event [Redacted—Personal Information—Company Leases] is not removed as a guarantor under a Lease, such Lease may not be amended, extended or renewed (unless such amendment, extension or renewal fully removes [Redacted—Personal Information—Company Leases] as a guarantor and extinguishes any obligations or liabilities under the applicable guaranty agreement) without [Redacted—Personal Information—Company Leases] prior written consent.
Company Leases. (a) Section 2.18 of the Company Disclosure Schedule sets forth: (i) a true, correct and complete list, as of the date of this Agreement, of each of the Company Leases, (ii) the lawful, beneficial and exclusive holder of each Company Lease, (iii) the licensee or sublessor, as applicable, for each such Company Lease, and (iv) the BTA, call sign or other identifying information for each Company Lease.
Company Leases. Schedule 3.18.2 lists all of the leases of real property to which the Company or any Company Subsidiary is a party (the “Company Leases”). Complete copies of the Company Leases, and all material amendments thereto (which are identified on Schedule 3.18.2) have been made available by the Company to Buyer. The Company Leases grant leasehold estates free and clear of all Encumbrances (except Permitted Encumbrances). No material construction, alteration or other leasehold improvement work with respect to the real property covered by any of the Company Leases remains to be paid for or to be performed by the Company.
Company Leases. Schedule 3.18.2 lists all of the Company Leases. Complete copies of the Company Leases, and all material amendments thereto (which are identified on Schedule 3.18.2) have been made available by the Company to Buyer. The Company Leases grant leasehold estates free and clear of all Encumbrances (except Permitted Encumbrances) granted by or caused by the actions of the Company. The Company Leases are in full force and effect and are binding and enforceable against each of the parties thereto in accordance with their respective terms and conditions. Neither the Company nor, to the Company's Knowledge and Seller's Knowledge, any other Person to a Company Lease, has committed a breach or default under any Company Lease, nor has there occurred any event that with the passage of time or the giving of notice or both would constitute such a breach or default. Schedule 3.18.2 identifies each Company Lease the provisions of which would be adversely affected by the Transactions and each Company Lease that requires the consent of any third Person in connection with the Transactions. No construction, alteration or other leasehold improvement work with respect to the real property covered by any of the Company Leases remains to be paid for or to be performed by the Company. Except as set forth on Schedule 3.18.2, no Company Leases have an unexpired term which, including any renewal or extensions of such term provided for in the Company Lease, could exceed 365 days.
Company Leases. Prior to the Closing, the Company shall use commercially reasonable efforts (including making relevant requests and providing requisite documents) to obtain consents for the Merger from the landlord under the lease set forth on Schedule 5.20; provided, that the Company shall not be required to pay any fees, other amounts or give anything of value to any such landlord or any other Person in connection with seeking any such consent; provided, further, that the failure of the Company to obtain any such consent, in and of itself, shall not in any case be taken into account as to whether any of the conditions set forth in Article VI have been satisfied.
Company Leases. 4, 29 Company Material Adverse Effect................................................4
Company Leases. Attached hereto as Exhibit "D" is a complete list of all leases entered into for the operation of company stores owned and operated by Selman. Said list contains x xxxplete listing of all lease locations, the opening date of the store (the commencement date if other than the opening date of the store), the term, if less than 10 years, and whether there is an option to renew. None of the leases listed are in default. Other than monthly rent due and payable, including base rent, CAM charges, and percentage rent (hereinafter referred to as "Total Rent") after the date of this Agreement, there is no rent or other charges or fees due to the owners or lessors of the premises on Exhibit "D."
