Leased Real Property Agreements Sample Clauses
Leased Real Property Agreements. Schedule 5.18(b) sets forth a true and complete list of all Leased Real Property, and a summary of the terms of all of such agreements relating thereto have been provided to ADSX (the “Lease Agreements”). The Company does not have any written Lease Agreements, only oral Lease Agreements. To the Company’s and the Holders’ Best Knowledge, none of the Lease Agreements is in default by the Company. The Company may terminate each Lease Agreement either immediately or upon a 30 days notice and, upon such termination, will not incur any additional fees or obligations.
Leased Real Property Agreements. Schedule 4.18(b) sets forth a true and complete list of all leased real property and a copy of all of the agreements (as amended) relating thereto (the “Lease Agreements”). To the Stockholder’s knowledge, all the Lease Agreements are in full force and effect and are valid and enforceable against the other parties thereto in accordance with their terms. None of the Lease Agreements is in default by Company or, to the Stockholder’s knowledge, by other third parties thereto, and, to the Stockholder’s knowledge, no circumstance exists with respect to Company or to the other parties thereto which, with notice, the passage of time or both would (i) constitute a material default under the Lease Agreements, (ii) provide a basis for termination under such agreements prior to their normal expiration dates, (iii) have a Material Adverse Effect on the Company, or (iv) grant a third party the right to occupy the premises. The Closing will not affect the rights to the continued use and possession of the leased real property on the terms and conditions specified in the Lease Agreements to the extent and for the purposes for which such property is now used.
