Condition of Leased Real Property Sample Clauses
Condition of Leased Real Property. To the Company's knowledge, (i) there are no material defects in the physical condition of any of the Leased Real Property and (ii) all such Leased Real Property is in good operating condition and repair and has been well maintained.
Condition of Leased Real Property. Except as set forth in Schedule 3.6(a) or 3.23, to the knowledge of Lexecon, (1) there are no material defects in the physical condition of any of the Leased Real Property and (2) all such Leased Real Property is in good operating condition and repair (ordinary wear and tear excepted).
Condition of Leased Real Property. The buildings, improvements and fixtures located on the Leased Real Property and leased by an Acquired Company under Real Property Leases are adequate and suitable for the purposes for which they are presently being used by such Acquired Company. With respect to Leased Real Property (i) leased under a lease which is not an Existing 24 Related Party Lease, to the Knowledge of the Partners, and (ii) leased under an Existing Related Party Lease, there are no condemnation, expropriation, eminent domain or similar proceedings pending (or, with respect to all Leased Real Property, to the Knowledge of the Partners, threatened or contemplated) that affect any of the Leased Real Property, any part thereof or any improvements thereon. None of Acquired Companies or the Partners have received any notice, written or oral, of the intention of any Governmental Entity or other Person to take by condemnation, expropriation or eminent domain all or any part of any of the Leased Real Property. Neither the whole nor any material portion of any Leased Real Property is currently damaged or destroyed by fire or other casualty.
Condition of Leased Real Property. Except as set forth in Schedule 2.6(a), to the knowledge of the Company and the Members (1) there are no material defects in the physical condition of any portion of the Leased Real Property and (2) all such Leased Real Property is in good operating condition and repair, has been well maintained.
Condition of Leased Real Property. To the knowledge of the Stockholders, all Leased Real Property (including the improvements located thereon) is in good operating condition and repair, including, without limitation, all equipment, electrical, plumbing, sewerage and other facilities and utility systems, consistent with its present use and has full legal and practical access to public roads or streets and has all utilities and services necessary for the proper and lawful conduct and operation of the business of the Company or Subsidiary as presently utilized. To the knowledge of the Stockholders, all Leased Real Property and the use thereof for the business of the Company or Subsidiaries conform in all material respects to all applicable Federal, state and local laws, ordinances and regulations, including, without limitation, building and zoning laws, OSHA regulations and the Americans with Disabilities Act, and neither the Company nor the Stockholders have received any notice from any governmental authority or any insurance rating bureau that any of the Leased Real Property or the use thereof for the business of the Company or Subsidiaries do not so conform.
Condition of Leased Real Property. Schedule 1.2(b) contains descriptions of all of Seller's leasehold --------------- interests with respect to real property associated solely with Seller's operation of the Station (the "Real Property"). All of the Real Property is in good condition and repair consistent with its current use and available for use in the operations of the Station. The improvements on the Real Property owned or leased by Seller are in good working condition and repair and adequate for their intended use. Seller has not received any notice of any appropriation, condemnation or like proceeding, or of any violation of any applicable zoning law, regulation or other law, order, regulation or requirement affecting such Real Property or improvements thereon, or of the need for any material repair, remedy, construction, alteration or installation with respect to the Real Property or improvements thereon, or any change in the means or methods of conducting operations thereon. The Leases listed on Schedule 1.2(b) constitute valid and binding obligations ---------------- of Seller and, to Seller's knowledge, of all other parties thereto, and are in full force and effect as of the date hereof. Except as disclosed on Schedule -------- 1.2(b), Seller is not in default under any of the Leases and to Seller's ------- knowledge, the other parties to such Leases are not in default thereunder. Seller has not received or given written notice of any default thereunder from or to any of the other parties thereto. Except as disclosed on Schedule 1.2(b), --------------- Seller has all requisite power and authority to assign its rights under the Leases to Buyer in accordance with this Agreement on terms and conditions no less favorable than those in effect on the date hereof, and such assignment will not affect the validity, enforceability or continuity of any such Leases.
Condition of Leased Real Property. (a) Except as disclosed on Schedule 3.7(a), (i) Seller has not received written notice of any proceeding either instituted, or planned to be instituted, respecting any taking, condemnation, action in eminent domain, or any voluntary conveyance in lieu thereof, of any part of the Leased Real Property or the Purchased Real Property, or any interest therein or right accruing thereto or use thereof and (ii) to Seller's Knowledge, no taking or voluntary conveyance of all or part of any Leased Real Property or Purchased Real Property, or any interest therein or right accruing thereto or use thereof, as the result of, or in settlement of, any condemnation or other eminent domain proceeding by any Governmental Body affecting the Leased Real Property or Purchased Real Property or any portion thereof has been commenced or planned to be instituted with respect to all or any portion of any Leased Real Property or Purchased Real Property.
(b) Except as disclosed on Schedule 3.7(b), (i) Seller has received no written notice from any (A) Governmental Body that any of the Leased Real Property or Purchased Real Property is in violation of any Occupational Safety and Health Law or any other Legal Requirement, or (B) third party that the Leased Real Property or Purchased Real Property is in violation of any REA or DDA affecting such Leased Real Property or Purchased Real Property, and (ii) to Seller's Knowledge, no such violations described in Section 3.7(b)(i) exist; and (iii) all improvements on the Leased Real Property and Purchased Real Property are in good repair and working order, ordinary wear and tear excepted.
(c) Seller has not received written notice of any adverse claims or demands with respect to the rights of access to public ways to permit the Leased Real Property or Purchased Real Property to be used for its intended purpose. All Leased Real Property and Purchased Real Property is served by operating water, electric and telephone services and to Seller's Knowledge, sewer, sanitary sewer and storm drain facilities. To Seller's Knowledge, all reciprocal easement agreements affecting any Leased Real Property or Purchased Real Property are in full force and effect and Seller has not asserted any defaults against the other parties thereto and has not received any written notice of any defaults there under.
(d) To Seller's Knowledge, no building or structure on any Leased Real Property, the Purchased Real Property or any Appurtenance thereto or equipment thereon, o...
Condition of Leased Real Property. To Seller's best knowledge, except as set forth on Schedule 4.11 attached hereto, there are no structural or nonstructural defects in any of the buildings or other improvements situated on the Leased Real Property and all building systems, structures, fixtures and improvements, owned, leased or used by Seller are in all material respects in good condition and working order (reasonable wear and tear excepted) and are adequate in quality and quantity for the normal operation of the Business as presently conducted. Seller and the Shareholders have no notice or knowledge of any capital expenditures required on the Leased Real Property (excluding normal repairs made consistently with past practice and which are required to be expensed for federal income tax purposes) in the 12 months following the Closing Date in an amount exceeding $25,000 in the aggregate, nor are any such expenditures planned.
Condition of Leased Real Property. (i) The Leased Real Property and Sellers’ current occupancy and use thereof does not violate in any material respect any applicable Law, Governmental Order, Permit or Lien, and neither Seller has received any notices of any violation of Law, Governmental Order, Permit or Lien.
(ii) Neither Seller has assigned or subleased any Lease or any part, portion or interest in the Leased Real Property, and there are no third parties in possession of all or any portion of the Leased Real Property that are not entitled thereto.
(iii) The Leased Real Property (A) is now and will be at the time of Closing in good operating order and condition and repair, except for normal wear and tear, and (B) is supplied with reliable and adequate utilities and other services (both in quantity and quality) necessary for the current occupancy and use of thereof.
(iv) The Leased Real Property either (A) is freely accessible directly from public streets, or (B) uses adjoining private land to access the same in accordance with valid, permanent, irrevocable and appurtenant easements benefiting such land. There is no condition that would result in the termination or impairment of such access, and such access is sufficient for the operation of the Business as currently conducted.
(v) Neither Seller owes nor will owe in the future any brokerage commissions or finders’ fees with respect to the Leased Real Property.
(vi) There is no condemnation, expropriation, eminent domain proceeding or any other legal proceeding of any kind pending or, to the Knowledge of Sellers, threatened against any of the Leased Real Property, or any portion thereof.
Condition of Leased Real Property. Except as described in Schedule 2.5(a)(iii), to the best of the DHG Entities and Stockholders' knowledge, there are no material defects in the physical condition of any land, buildings or improvements constituting part of the Leased Real Property, including without limitation, structural elements, mechanical systems, parking and loading areas, and all those buildings and improvements are in good operating condition and repair, have been well maintained and are free from infestation by rodents or insects. Access to the Leased Real Property is by a public way or public street. To the best of the DHG Entities' and the Stockholders' knowledge, all water, sewer, gas, electric, telephone, drainage and other utilities required by law or necessary for the current or planned operation of the Leased Real Property have been connected under valid permits and pursuant to valid easements where required, and are sufficient to service the Leased Real Property and are in good operating condition.