Leases and Leased Premises. (a) Schedule 4.5(3)(a) describes all leases or agreements to lease (collectively, the “Leases”) under which the Corporation or a Subsidiary leases any real or immovable property (the “Leased Premises”). For the Leases to which the Corporation is a party the names of the parties to the Leases, the description of the Leased Premises, the term, rent and other amounts payable under the Leases are accurately described in Schedule 4.5(3)(a). Complete and correct copies of the Leases have been provided to the Purchaser. All Leases have been properly registered with the applicable Governmental Authority if such registration is required under Applicable Law.
(b) The Corporation or Subsidiary is exclusively entitled to all rights and benefits as lessee under the Leases. Neither the Corporation nor the Subsidiary has sublet, assigned, licensed or otherwise conveyed any rights in the Leased Premises or in the Leases to any other Person.
(c) All rental and other payments and other obligations required to be paid and performed pursuant to the Leases have been duly paid and performed. Neither the Corporation nor the Subsidiary is in default of any of its obligations under the Leases and, to the best of the Corporation’s knowledge, none of the landlords or other parties to the Leases are in default of any of their obligations under the Leases.
(d) The terms and conditions of the Leases will not be affected by, nor will any of the Leases be in default as a result of, the completion of the Purchase.
Leases and Leased Premises. The Leased Premises are held by the Company under the Lease, which is valid and subsisting, is set forth in the Disclosure Schedule, and is in full force and effect and without amendment thereto. The Lease is complete and accurate in all respects and there are no other leases, agreements to lease or tenancy arrangements relating to real property to which the Company is a party and which relate to the Business except as disclosed to the Purchaser. The Company has not previously assigned the Lease nor sublet its interest in any of the Leased Premises under the Lease. The Company has not released any of the other parties to the Lease from the performance of any of their obligations thereunder.
Leases and Leased Premises. (a) Schedule 3.4(3)(a) describes all leases or agreements to lease under which the Corporation leases any real or immovable property (collectively, the “Leases”). The names of the other parties to the Leases, the description of the Leased Premises, the term, rent and other amounts payable under the Leases and all renewal options available under the Leases are accurately described in Schedule 3.4(3)(a). Complete and correct copies of the Leases have been provided to the Purchaser.
(b) Except as set out in Schedule 3.4(3)(b) , the Corporation is exclusively entitled to all rights and benefits as lessee under the Leases, and the Corporation has not sublet, assigned, licensed or otherwise conveyed any rights in the premises subject to the Leases (the “Leased Premises”) or in the Leases to any other Person.
(c) All rental and other payments and other obligations required to be paid and performed by the Corporation pursuant to the Leases have been duly paid and performed. The Corporation is not in default of any of its obligations under the Leases and, to the Vendor’s knowledge, none of the landlords or other parties to the Leases are in default of any of their obligations under the Leases.
(d) The terms and conditions of the Leases will not be affected by, nor will any of the Leases be in default as a result of, the completion of the Purchase.
Leases and Leased Premises. The Leased Premises are held by the Company under the Lease, which is valid and subsisting, is set forth in the Disclosure Schedule, and is in full force and effect and without amendment thereto. The Lease is complete and accurate in all respects and there are no other leases, agreements to lease or tenancy arrangements relating to real property to which the Company is a party and which relate to the Business except as disclosed to the Purchaser. The Company has not previously assigned the Lease nor sublet its interest in any of the Leased Premises under the Lease. The Company has not released any of the other parties to the Lease from the performance of any of their obligations thereunder. The Company is not in Material breach of any of the terms of any Lease and the Company is not aware of any of the other parties to the Lease, being in Material breach of any of the terms thereof, and to the Knowledge of the Company, no event or condition has occurred which, either immediately or after notice or lapse of time or both, could give rise to the cancellation or termination of the Lease.
Leases and Leased Premises. The Leases are valid and subsisting leases, each of which is listed in Schedule D. Each Lease is in full force and effect and without amendment thereto, and the Leases and the premises leased pursuant to the Leases (the “Leased Premises”) are free and clear of all Encumbrances, subject to the rights of the lessors therein. Except for the Leases, there are no leases, agreements to lease, tenancy arrangements or licences to which DMR is a party which have a capitalized value in excess of $500.00. DMR has not previously assigned the Leases nor sublet its interest in any of the Leased Premises under the Leases. DMR has not released any of the other parties to such Leases from the performance of any of their obligations thereunder. DMR is not in breach of any of the terms of any Leases, and DMR is not aware of any of the other parties to the Leases being in breach of any of the terms of the Leases, and, to the best of the knowledge of the Vendors, no event or condition has occurred which, either immediately or after notice or lapse of time or both, could give rise to the cancellation or termination of any of the Leases. There are no rent-free periods or Share Purchase Agreement outstanding lessor's contributions or obligations for lessee incentives under any of the Leases which consist of subleases under which DMR is a sublessor. The Vendors have no knowledge of anything or matter which does or will give any of the sublessees under any of the subleases any right of abatement, set-off or deduction in respect of the rent payable by the sublessees;
Leases and Leased Premises. The Leased Premises are held by the Vendor under the Lease, which is valid and subsisting, is set forth in Schedule E, and is in full force and effect and without amendment thereto, except as described in Schedule E. The Lease set forth in Schedule E is complete and accurate in all respects and there are no other leases, agreements to lease or tenancy arrangements relating to real property to which the Vendor is a party and which relate to the Business except as disclosed to the Purchaser. The Vendor has not previously assigned the Lease nor sublet its interest in any of the Leased Premises under the Lease except as described in Schedule E. The Vendor has not released any of the other parties to the Lease from the performance of any of their obligations thereunder. The Vendor is not in Material breach of any of the terms of any Lease and the Vendor is not aware of any of the other parties to the Lease, being in Material breach of any of the terms thereof, and to the Knowledge of the Vendor, no event or condition has occurred which, either immediately or after notice or lapse of time or both, could give rise to the cancellation or termination of the Lease.
Leases and Leased Premises. (a) Other than the lease described in Schedule 3.4(3)the lease dated November 18, 1993 between the Corporation as lessee and Aurald Enterprise Limited as lessor, as renewed on a month-to-month basis (the "Lease"), is the only agreement under which the Corporation leases any real or immovable property. A complete and correct copy of the Lease has been provided to the Purchaser.
(b) The Corporation is exclusively entitled to all rights and benefits as lessee under the Lease, and the Corporation has not sublet, assigned, licensed or otherwise conveyed any rights in the premises subject to the Lease (the "Leased Premises") or in the Lease to any other Person.
(c) All rental and other payments and other obligations required to be paid and performed by the Corporation pursuant to the Lease have been duly paid and performed. The Corporation is not in default of any of its obligations under the Lease and, to the best of the Vendors' knowledge, the other party to the Lease is not in default of any of its obligations under the Lease.
(d) The terms and conditions of the Lease will not be affected by, nor will the Lease be in default as a result of, the completion of the Purchase.
Leases and Leased Premises. The Leased Premises are held by the Vendor under the Leases, each of which is valid and subsisting, is described in Schedule D, and is in full force and effect and without amendment thereto, except as described in Schedule D, and the Leased Premises are free and clear of all Encumbrances except Permitted Encumbrances. The particulars of the Leases set out in Schedule D are complete and accurate in all material respects and there are no other leases, agreements to lease or tenancy arrangements relating to real property to which the Vendor is a party and which relate to the Assets. The Vendor has not previously assigned any of the Leases nor sublet its interest in any of the Leased Premises under any of the Leases except as described in Schedule D. The Vendor has not released any of the other parties to any of the Leases from the performance of any of their obligations thereunder. The Vendor is not in breach of any of the terms of any of the Leases and the Vendor is not aware of any of the other parties to any of Leases being in breach of any of the terms thereof, and no event or condition has occurred which, either immediately or after notice or lapse of time or both, could give rise to the cancellation or termination of any of the Leases. Correct and complete copies of the Leases are set out in Schedule D. All of the Leases comply with s. 73 of the Land Title Act (British Columbia).
Leases and Leased Premises. (a) Schedule 3.6(4) of the Disclosure Letter describes all leases or agreements to lease under which the Corporation or its Subsidiary leases any real or immovable property (collectively, the “Leases”). The names of the other parties to the Leases, the description of the leased premises, the term, rent, security deposits, prepaid rent and other amounts payable under the Leases and all renewal options available under the Leases are accurately described in Schedule 3.6(4) of the Disclosure Letter. Copies of the Leases have been provided to the Purchaser.
Leases and Leased Premises. With respect to each of the Leased Premises, the Corporation or Subsidiary, as applicable, occupies the Leased Premises and has the exclusive right to occupy and use the Leased Premises and each of the leases pursuant to which the Corporation or the Subsidiaries occupies the Leased Premises is in good standing and in full force and effect. The performance of obligations pursuant to and in compliance with the terms of the Transaction Documents and the completion of the transactions described herein by the Corporation, will not afford any of the parties to such leases or any other person the right to terminate such lease or result in any additional or more onerous obligations under such leases.
