Common use of Facility Leases and Leased Real Property Clause in Contracts

Facility Leases and Leased Real Property. With respect to each Facility Lease, Seller has and will have at the Closing an unencumbered interest in the Leasehold Estate. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ciphergen Biosystems Inc)

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Facility Leases and Leased Real Property. With respect to each Facility Lease, Seller has and will have transfer to Buyer at the Closing an unencumbered interest in the Leasehold Estate, or shall sublet such premises to Buyer at the Closing, in accordance with Section 6.11. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tessera Technologies Inc)

Facility Leases and Leased Real Property. With respect to each ---------------------------------------- Facility Lease, Seller has and will have transfer to Buyer at the Closing an unencumbered its entire interest in the Leasehold EstateEstate free and clear of all liens and encumbrances on Seller's rights therein. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fays Inc)

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Facility Leases and Leased Real Property. With respect to each Facility Lease, Seller has and will have transfer to Buyer at the Closing an unencumbered interest in the Leasehold EstateEstate subject to the Permitted Liens. Seller enjoys peaceful and undisturbed possession of all the Leased Real Property, subject to the rights of the fee owners.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nextera Enterprises Inc)

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