Leases in Good Standing Sample Clauses

Leases in Good Standing. All Leases are in full force and effect, and there are no defaults thereunder or any defenses or offsets thereto on the part of any tenant.
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Leases in Good Standing. To the best of Seller’s knowledge, but without investigation, all royalties, rentals and other payments due under the Leases have been properly paid in all material respects, and all conditions necessary to keep the Leases in force and effect have been fully performed in all material respects.
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Leases in Good Standing. Purchaser agrees to use its commercially reasonable best efforts to keep all leasehold interests of the Lands in good standing, and in the event such leasehold terms will expire, Purchaser agrees to assign such leasehold interests to Vendor, prior to the expiration of the lease, at no cost to the Vendor.
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Leases in Good Standing. Except as set forth in Schedule 3.21, all Leases are in full force and effect, and none of the Columbia Entities is in default thereunder, in each case, except as would not be material to the Columbia Entities, taken as a whole. Except for revenues which are properly being suspended in accordance with applicable law and except as set forth in Schedule 3.21, all oil and gas production proceeds payable by the Columbia Entities to others under the Leases, including all royalties, overriding royalties and net profits interests, have been disbursed in accordance with all of the terms and conditions of the applicable Leases, other contracts and applicable law and all deductions from such oil and gas production proceeds have been deducted in compliance with all of the terms and conditions of the applicable Leases, other contracts and applicable law, in each case, except as would not reasonably be expected to have a Material Adverse Effect. Each of the Columbia Entities is in compliance with all applicable laws, rules, regulations and orders applicable to the Leases to the extent pertaining to escheatment, except where the failure to so comply would not, singly or in the aggregate, have a Material Adverse Effect.
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Leases in Good Standing. All Leases and Subleases are in full force and effect, and there are no defaults thereunder or any defenses or offsets thereto on the part of any subtenant.
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Leases in Good Standing. All Leases are valid, subsisting and in full force and effect and the Mortgagor is not in violation of any material term of any such Lease. Each such Lease contains terms acceptable to the Mortgagor.
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Leases in Good Standing. The Borrower enjoys peaceful and undisturbed possession under all leases under which it is now operating, and all said leases are valid, subsisting and in full force and effect and the Borrower is not in violation of any material term of any such lease. Each such lease contains terms acceptable to the Borrower.
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Leases in Good Standing. To the best of -the knowledge of the Vendor, after having made due enquiry, each Lease is in full force and effect and without amendment thereto except as listed in Schedule 14 and all unwritten agreements and arrangements relating thereto have been fully and accurately disclosed in. Schedule 14, and BCR's interest in the Leases and the Leased Assets is free and clear of all Encumbrances except for Permitted Encumbrances.
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Related to Leases in Good Standing

  • Good Standing The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Representatives may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdictions.

  • Organization; Good Standing The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Incorporation; Good Standing 28 7.1.2. Authorization...............................................29 7.1.3. Enforceability..............................................29 7.2.

  • Good Standings To deliver to the Initial Purchasers on the Closing Date satisfactory evidence of the good standing of the Company and the Guarantors in their respective jurisdictions of organization and the good standing of the Company and the Subsidiaries in such other jurisdictions as the Initial Purchasers may reasonably request, in each case in writing or any standard form of telecommunication, from the appropriate governmental authorities of such jurisdictions.

  • Formation and Good Standing Such Party is a limited partnership or limited liability company, legally formed, validly existing and, to the extent applicable, in good standing under the laws of the state of its formation. Such Party is duly qualified to do business and is in good standing as a foreign limited partnership or limited liability company, as applicable, in each jurisdiction where the character of the properties owned or leased by it or the nature of the businesses transacted by it requires it to be so qualified.

  • Organization and Good Standing Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

  • Organization Documents; Good Standing Each of the following documents:

  • Incorporation and Good Standing The Company has been duly incorporated or formed and is validly existing and in good standing as a company limited by shares under the laws of the jurisdiction of its formation and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement. As of the Closing, the Company does not own or control, directly or indirectly, any corporation, association or other entity that is not otherwise disclosed in the Disclosure Package.

  • Due Organization; Good Standing The Company is duly created, validly existing and in good standing as a statutory trust under the laws of the State of Delaware.

  • Due Formation and Good Standing The Borrower is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its business requires it to be so qualified.

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