Facility Lease. The Company does not own any real property or have any interest in real property other than its leasehold interest in the Facility Lease. In respect of the Facility Lease:
(a) the Company is the tenant and has a good and valid leasehold interest in the Facility Lease free and clear of any Liens except for Permitted Liens and easements, covenants and other encumbrances and restrictions of record that do not materially impair the Company’s current use of the Leased Facility;
(b) the Company’s current use of the Leased Facility does not violate any applicable Law, Order or Permit; the Company has obtained all Permits required for the Leased Facility’s current use; and the Company has not assigned or subleased its leasehold interest;
(c) the Company is not, and to the Shareholders’ Knowledge, the landlord is not, in Default in a material respect under the Facility Lease; the Company has not received any Notice asserting a violation of or a Default under the Facility Lease; and to the Shareholders’ Knowledge, no event has occurred or circumstance exists that, with or without Notice or the passage of time or both, would result in a Default in a material respect under the Facility Lease or would give the landlord the right to exercise any remedy under the Facility Lease or to cancel, terminate or modify the Facility Lease; and
(d) the Leased Facility is now and will be at the time of Closing in good operating condition and repair, except for normal wear and tear; to the Shareholders’ Knowledge, the Leased Facility is structurally sound and free of defects, and no material alterations, repairs or restorations are required under the Facility Lease or any applicable Law, Order or Permit; and the Leased Facility is supplied with adequate utilities and other services necessary for the current use of the Leased Facility.
Facility Lease. 14 Indemnitee............................................................... 19
Facility Lease. Seller shall have caused its subsidiary Montena Properties SA to conclude with the Company a lease in the form attached to this Agreement as Exhibit C for a facility owned by Montena Properties SA and reasonably acceptable to Purchaser under which the Company would consolidate its operations and conduct its business.
Facility Lease. The term “
Facility Lease. The Facility is subject to that certain Lease, made as of November 14th, 1986, by and between the Partnership and Health Resources of Colchester, Inc., a Connecticut corporation, as amended by those certain Amendments of Lease, made as of November 18, 1992 and December 17, 1993 (collectively, the "Lease"). Buyer agrees that the Lease will be assumed by Buyer on the Closing Date on the same economic terms existing on the Closing Date; provided, that the amount of annual rent payable to Buyer pursuant to Section 2.1 of the Lease will be fixed to equal the annual debt service payments under the indebtedness described in such section.
Facility Lease. The Facility Lease executed by Buyer.
Facility Lease. Exel shall not amend the lease for the Facility ("Lease"), without the prior written consent of the Customer, which consent shall not be unreasonably withheld or delayed. If the term of this Agreement is extended as provided in (S)2 hereof, Exel shall extend the term of the Lease. If the
Facility Lease. 16 (h) Title to the Purchased Assets. . . . . . . . . . . . . . . . . . . . . . . 16 (i) Intellectual Property Rights . . . . . . . . . . . . . . . . . . . . . . . 17 (j) Contracts, Leases, Commitments and Agreements. . . . . . . . . . . . . . . 17 (k) Composition and Condition of Purchased Assets. . . . . . . . . . . . . . . 18 (l) Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 (m) Major Suppliers and Customers. . . . . . . . . . . . . . . . . . . . . . . 18
Facility Lease. The Office Lease between Xxxxx X. Xxxxx and Seller dated June 9, 1997, as amended (the "FACILITY LEASE"), relating to the facility located at 000 Xxxxxx Xxxxxxx Road, Suite 300, Austin, Texas 78704-1163 (the "FACILITY").
Facility Lease. The Facility Lease is the only lease or sublease of real property relating to real property used or occupied by Seller in connection with the Business. All payments required to be made by Seller pursuant to the Facility Lease have been duly paid and Seller is not otherwise in default in meeting its obligations under the Facility Lease or in violation of any provision of the Facility Lease.
