LEASEHOLD; EQUIPMENT. None of the Acquired Corporations own any real property or any interest in real property, except for the leaseholds created under the real property leases identified in Part 2.6 of the Company Disclosure Schedule. All such real property is being leased pursuant to lease agreements that are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) that would result in a Material Adverse Effect on the Acquired Corporations. Part 2.6 of the Company Disclosure Schedule accurately identifies all material items of equipment leased by the Acquired Corporations. All material items of equipment and other tangible assets owned by or leased to the Acquired Corporations are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the business of the Acquired Corporations in the manner in which such business is currently being conducted.
LEASEHOLD; EQUIPMENT. 12 2.7 Title to Assets.......................................12 2.8 Receivables; Significant Customers....................12 2.9 Proprietary Assets....................................13 2.10 Contracts.............................................15 2.11 Year 2000 Liabilities.................................17 2.12 Compliance with Legal Requirements....................18 2.13 Certain Business Practices............................18 2.14 Governmental Authorizations...........................18
LEASEHOLD; EQUIPMENT. The Company does not own any real property or any interest in real property, except for the leaseholds created under the real property leases identified in Part 2.6 of the Company Disclosure Schedule. All such real property is being leased pursuant to lease agreements that are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) that would result in a Material Adverse Effect on the Company. All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the business of the Company in the manner in which such business is currently being conducted.
LEASEHOLD; EQUIPMENT. None of the Acquired Corporations owns any real property or any interest in real property, except for the leaseholds created under the real property leases identified in Part 2.7 of the Company Disclosure Schedule. All such real property is being leased pursuant to lease agreements that are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing
LEASEHOLD; EQUIPMENT. The Company does not, nor does any of its Subsidiaries, own any real property. All real property leased by the Company and its Subsidiaries is identified in Part 2.6 of the Company Disclosure Schedule. All such real property is being leased pursuant to lease agreements that are in full force and effect, and are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) by the Company or its Subsidiaries or, to the Company's Knowledge, by any other party thereto that would result in a Material Adverse Effect. All material items of equipment and other tangible assets owned by or leased to the Company or any of its Subsidiaries are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the business of the Company and its Subsidiaries in the manner in which such business is currently being conducted.
LEASEHOLD; EQUIPMENT. Seller does not own any real property or any interest in real property, except for the leaseholds created under the real property leases identified in Part 4.6 of the Disclosure Schedule (which Part 4.6 indicates that such leaseholds are included as part of the Purchased Assets hereunder). All such real property is being leased pursuant to lease agreements that are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default). Part 4.6 of the Disclosure Schedule accurately identifies all material items of equipment leased by Seller and indicates whether or not such items of equipment are included as Purchased Assets. All material items of equipment and other tangible assets owned by or leased to Seller are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted).
LEASEHOLD; EQUIPMENT. 14 2.9 Proprietary Assets........................................................... 15 2.10 Contracts.................................................................... 17 2.11 Liabilities.................................................................. 17 2.12
LEASEHOLD; EQUIPMENT. 10 2.7 Title to Assets. . . . . . . . . . . . . . . . . . . . . . . . . . .11 2.8 Payments Under Corporate Partnering Agreements . . . . . . . . . . .11 2.9 Proprietary Assets . . . . . . . . . . . . . . . . . . . . . . . . .11 2.10 Contracts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 2.11 Year 2000 Liabilities. . . . . . . . . . . . . . . . . . . . . . . .14
LEASEHOLD; EQUIPMENT. (a) The Company does not own any real property or any interest in real property, except for the leaseholds created under the real property leases identified in Part 2.6 of the Company Disclosure Schedule. All such real property is being leased pursuant to lease agreements that are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) that would result in a Material Adverse Effect on the Company.
LEASEHOLD; EQUIPMENT. (a) Parent does not own any real property or any interest in real property, except for the leaseholds created under the real property leases identified in Part 3.6(a) of the Parent Disclosure Schedule. All such real property is being leased pursuant to lease agreements that are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) that would result in a Material Adverse Effect on Parent.
