Outstanding Leases Clause Samples

Outstanding Leases. Schedule 2.20 sets forth a description of each agreement by which the Seller leases each parcel of real property (the "Leased Parcels") used in connection with the Business (collectively, the "Leases"). Seller has delivered or made available to the Buyer true, correct and complete copies of all of the Leases specified on Schedule 2.20. All rents due under the Leases have been paid. All of the Leases are in full force and effect and enforceable in accordance with its terms, except to the extent that the enforceability thereof may be subject to or affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting the rights of creditors generally. Except as set forth on Schedule 2.20, the Seller and to the best knowledge of Seller, each other party thereto have performed all the obligations required to be performed by it, have received no notice of default and are not in default (with due notice or lapse of time or both) under any of the Leases. The Seller has no present expectation or intention of not fully performing all its obligations under each of the Leases, and Seller has no knowledge of any breach or anticipated breach by the other party to any of the Leases. Except as set forth on Schedule 2.20, none of the Leases has been terminated; no notice has been given by any party thereto of any alleged default by any party thereunder; and the Seller is not aware of any intention or right of any party to declare another party to any of the Leases to be in default. There exists no actual or, to the best knowledge of Seller, threatened termination, cancellation or limitation of the business relationship of the Seller with any party to any of the Leases.

Outstanding Leases. Schedule 2.21 sets forth a description of each agreement by which the Corporation leases each parcel of real property (the "Leased Parcels") used in connection with the Business (collectively, the "Leases"). The Corporation has delivered or made available to the Buyers true, correct and complete copies of all of the Leases specified on Schedule 2.21. All rents due under the Leases have been paid. Each of the Leases is in full force and effect and enforceable in accordance with its terms, except to the extent that the enforceability thereof may be subject to or affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting the rights of creditors generally. Except as set forth on Schedule 2.21, the Corporation and, to its knowledge, each other party to the Leases have materially performed all the obligations required to be performed by them, have received no notice of default and are not in default (with due notice or lapse of time or both) under any of the Leases. The Corporation is not aware of any breach by the other party to any of the Leases. Except as set forth on Schedule 2.21, none of the Leases has been terminated; and no written notice has been given by any party thereto of any alleged default by any party thereunder. There exists no actual or threatened (in writing to the Corporation) termination, cancellation, or limitation of the business relationship of the Corporation with any party to any of the Leases.

Outstanding Leases. Schedule 3.21 sets forth a list of each ------------------ ------------- agreement by which any of the Sellers leases any parcel of real property used in connection with the Businesses (collectively, the "Leases"). Sellers have delivered or made available to Purchaser true, correct and complete copies of all of the Leases specified on Schedule 3.21. Except as disclosed on ------------- Schedule 3.21, all rents due under the Leases have been paid. All of the Leases ------------- are, to the Knowledge of the Sellers and DNB, in full force and effect and enforceable in accordance with their terms. Except as set forth on Schedule 3.21: Sellers, and to the Knowledge of Sellers and DNB, each other ------------- party thereto has performed all the obligations required to be performed by it, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Leases. Neither Sellers nor DNB has any Knowledge of any breach or anticipated breach by the other party to any of the Leases. No written notice of termination of, or any threat to terminate, any of the Leases has been given or received by the Sellers.

Outstanding Leases. Schedule 3.21 sets forth a list of each ------------------ ------------- agreement by which the Company leases each parcel of real property used in connection with the Business (collectively, the "Leases"). Company has delivered or made available to Purchaser true, correct and complete copies of all of the Leases specified on Schedule 3.21. Except as disclosed on Schedule 3.21, all ------------- ------------- rents due under the Leases have been paid. All of the Leases are, to the Knowledge of the Company and Unified, in full force and effect and enforceable in accordance with their terms. Except as set forth on Schedule 3.21: Company, ------------- and to the Knowledge of Company and Unified, each other party thereto has performed all the obligations required to be performed by it, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Leases. Neither Company nor Unified has any Knowledge of any breach or anticipated breach by the other party to any of the Leases. No written notice of termination of, or any threat to terminate, any of the Leases has been given or received by Company, except that prior to the Closing the Company will terminate its Lease for 3▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇.

Outstanding Leases. Schedule 2.23 sets forth a description of each agreement by which the Company leases each parcel of real property (the "Leased Parcels") used in connection with the Business (collectively, the "Leases"). Sellers have delivered or made available to the Buyer true, correct and complete copies of all of the Leases specified on Schedule 2.23. All rents due under the Leases have been paid. All of the Leases are in full force and effect and enforceable in accordance with their terms, except to the extent that the enforceability thereof may be subject to or affected by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting the rights of creditors generally. Except as set forth on Schedule 2.23, the Company and to the knowledge of Sellers, each other party thereto has performed all the material obligations required to be performed by it, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Leases.

Outstanding Leases. Schedule 2.20 sets forth a description of each agreement by which the Seller leases each parcel of real property (the "Leased Parcels") used in connection with the Business (collectively, the "Leases"). Seller has delivered or made available to the Buyer true, correct and complete copies of all of the Leases specified on Schedule 2.20. All rents due under the Leases have been paid. All of the Leases are in full force and effect and enforceable in accordance with its terms, except to the extent that the enforceability thereof may be subject to or affected

Outstanding Leases. Schedule 2.20 sets forth a list of each agreement by which Seller leases each parcel of real property (the "Real Property") used in connection with the Business (collectively, the "Leases"). Seller has delivered or made available to Buyer true, correct and complete copies of all of the Leases specified on Schedule 2.20. All rents due under the Leases have been paid. All of the Leases are in full force and effect and enforceable in accordance with their terms. Except as set forth on Schedule 2.20, Seller, and to the Knowledge of Seller, each other party thereto has performed all the obligations required to be performed by it, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Leases. Seller has no Knowledge of any breach or anticipated breach by the other party to any of the Leases. No written notice of termination of, or any threat to terminate, any of the Leases has been given or received by Seller.

Outstanding Leases. Schedule 3.21 sets forth a list of each ------------------ ------------- agreement by which any of the Sellers leases any parcel of real property used in connection with the Businesses (collectively, the "Leases"). Sellers have delivered or made available to Purchaser true, correct and complete copies of all of the Leases specified on Schedule 3.21. Except as disclosed on ------------- Schedule 3.21, all rents due under the Leases have been paid. All of the Leases ------------- are, to the Knowledge of the Sellers and DNB, in full force and effect and enforceable in accordance with their terms. Except as set forth on Schedule 3.21: Sellers, and to the Knowledge of Sellers and DNB, each other ------------- party thereto has performed all the obligations required to be performed by it, has received no notice of default and is not in default (with due notice or lapse of time or both) under any of the Leases. Neither Sellers nor DNB has any Knowledge of any breach or anticipated breach by the other party to any of the Leases. No written notice of termination of, or any threat to terminate, any of the Leases has been given or received by the Sellers.