Common use of Outstanding Leases Clause in Contracts

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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Staffmark Inc), Asset Purchase Agreement (Staffmark Inc)

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Outstanding Leases. Schedule 2.20 3.21 sets forth a description of each agreement by which the Seller leases Sellers lease each parcel of real property (the "Leased Parcels") used in connection with the Business Businesses (collectively, the "Leases"). Seller has The Sellers have delivered or made available to the Buyer Buyers true, correct and complete copies of all of the Leases specified on Schedule 2.203.21. All rents due under the Leases have been paid. All Each of the Leases are 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 2.203.21, the Seller Sellers and to the best knowledge of Seller, each other party thereto to the Leases have performed all the obligations required to be performed by itthem, 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 Sellers have no present expectation or intention of not fully performing all its of their obligations under each of the Leases, and Seller has no knowledge the Sellers are not aware of any breach or anticipated breach (in writing to the Sellers) by the other party to any of the Leases. Except as set forth on Schedule 2.203.21, 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 Sellers are 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, or threatened (in writing to the best knowledge of Seller, threatened Sellers) termination, cancellation cancellation, or limitation of the business relationship of the Seller Sellers with any party to any of the Leases.

Appears in 1 contract

Samples: Asset Purchase Agreement (Staffmark Inc)

Outstanding Leases. Schedule 2.20 3.20 sets forth a description of each agreement by which the Seller each Progressive Entity leases each parcel of real property (the "Leased Parcels") used in connection with the Business (collectively, the "Leases"). Seller Each Progressive Entity has delivered or made available to the Buyer Buyers true, correct and complete copies of all of the Leases specified on Schedule 2.203.20. All rents due under the Leases have been paid. All Each of the Leases are 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 2.203.20, the Seller each Progressive Entity and to the best knowledge Knowledge of Sellerthe Progressive Entities, each other party thereto to the Leases have performed all the obligations required to be performed by itthem, 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 Each Progressive Entity has no present expectation or intention of not fully performing all its obligations under each of the Leases, and Seller has no knowledge to the Knowledge of the Progressive Entities, each Progressive Entity is not aware of any breach or anticipated breach by the other party to any of the Leases. Except as set forth on Schedule 2.203.20, 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 none of the Seller Progressive Entities 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 No termination, cancellation cancellation, or limitation of the business relationship of the Seller any Progressive Entity with any party to any of the LeasesLeases exists or has been threatened in writing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Staffmark Inc)

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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 Seller's business (collectively, the "Leases"). The 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 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 2.20, the Seller and to the best knowledge of the Seller, each other party thereto have has performed all the obligations required to be performed by it, have has received no notice of default and are is 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 the 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 the Seller, threatened termination, cancellation or limitation of the business relationship of the Seller with any party to any of the Leases.

Appears in 1 contract

Samples: Asset Purchase Agreement (Thermoview Industries Inc)

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