Common use of Leases and Leased Property Clause in Contracts

Leases and Leased Property. (a) Neither Silvermex nor any Silvermex Subsidiary is a party to or bound by or subject to nor has Silvermex or any Silvermex Subsidiary agreed or become bound to enter into, any real or personal property lease, sublease or other right of occupancy relating to real property, whether as lessor or lessee, except for the Leases set forth and described in Schedule 3.1.21 of the Silvermex Disclosure Letter, copies of which have been provided to First Majestic prior to the date hereof. Silvermex or the Silvermex Subsidiaries, as applicable, occupies and has the exclusive right to occupy and use all immovable Leased Property and has the exclusive right to use all movable Leased Property.

Leases and Leased Property. (a) Neither Silvermex SilverCrest nor any Silvermex SilverCrest Subsidiary is a party to or bound by or subject to nor has Silvermex SilverCrest or any Silvermex SilverCrest Subsidiary agreed or become bound to enter into, any real or personal property lease, lease or sublease or other right of occupancy relating to real property, whether as lessor or lessee, except for the Leases set forth and described in Schedule 3.1.21 3.1.23 of the Silvermex SilverCrest Disclosure Letter, copies of which have been provided to First Majestic prior to the date hereof. Silvermex SilverCrest or the Silvermex SilverCrest Subsidiaries, as applicable, occupies and has the exclusive right to occupy and use all immovable Leased Property and has the exclusive right to use all movable Leased Property.