Common use of Current Use Clause in Contracts

Current Use. The use and operation of the real property in the conduct of the Company's business does not violate in any material respect any instrument of record or agreement affecting the real property. There is no violation of any covenant, condition, restriction, easement or order of any Governmental Authority having jurisdiction over such property or of any other person entitled to enforce the same affecting the real property or the use or occupancy hereof. No damage or destruction has occurred with respect to any of the real property.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale of Stock (Caribiner International Inc), Purchase and Sale of Stock Agreement (Caribiner International Inc)

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Current Use. The use and operation of the real property Real Property in the conduct of the Company's business Business does not violate in any material respect any instrument of record or agreement affecting the real propertyReal Property. There is no violation of any covenant, condition, restriction, easement or agreement or order of any Governmental Authority having jurisdiction over such property or of any other person entitled to enforce that affects the same affecting the real property Real Property or the ownership, operation, use or occupancy hereofthereof. No material damage or destruction has occurred with respect to any of the real propertyReal Property.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Wpi Group Inc)

Current Use. The use and operation of the real property Real Property in the conduct of the Company's business Business does not violate in any material respect any instrument of record or agreement affecting the real propertyReal Property. There is was no violation of any covenant, condition, restriction, easement or agreement or order of any Governmental Authority having jurisdiction over such property or of any other person entitled to enforce that affects the same affecting the real property Real Property or the ownership, operation, use or occupancy hereofthereof. No damage or destruction has occurred with respect to any of the real propertyReal Property that, individually or in the aggregate, could reasonably be expected to have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Share Exchange Agreement (NeoStem, Inc.)

Current Use. The use and operation of the real property Real Property in the ----------- conduct of the Company's business Business does not violate in any material respect any instrument of record or agreement affecting the real propertyReal Property. There is no material violation by the Company or its Subsidiaries, or to the knowledge of the Company, any other Person, of any covenant, condition, restriction, easement or agreement or order of any Governmental Authority having jurisdiction over such property or of any other person entitled to enforce that affects the same affecting the real property Real Property or the ownership, operation, use or occupancy hereof. No damage or destruction has occurred with respect to any of the real propertythereof.

Appears in 1 contract

Samples: Merger Agreement (Dynatech Corp)

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Current Use. The use and operation of the real property Owned Real Property in the conduct of the Company's business Business does not violate in any material respect any instrument of record or agreement affecting the real propertyOwned Real Property. There is no violation of any covenant, condition, restriction, easement or order of any Governmental Authority having jurisdiction over such property or of any other person Person entitled to enforce the same affecting the real property Owned Real Property or the use or occupancy hereofthereof that would have a Material Adverse Effect. No material damage or destruction destruction, other than normal wear and tear, has occurred with respect to any of the real propertyOwned Real Property since January 1, 2002.

Appears in 1 contract

Samples: Asset Purchase Agreement (Metaldyne Corp)

Current Use. The use and operation of the real property Real Property in the conduct of the Company's business does Business do not violate in any material respect any instrument of record or any other instrument or agreement affecting the real propertyReal Property. There is no violation of any covenant, condition, restriction, easement or order of any Governmental Authority having jurisdiction over such property or of any other person entitled to enforce the same affecting the real property Real Property or the use or occupancy hereofthereof. No damage or destruction has occurred with respect to any of the real propertyReal Property since the Balance Sheet Date that would, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (SPX Corp)

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