Owned Premises. No Acquired Company owns any real property.
Owned Premises. The Owned Premises are 100% beneficially owned by the Corporation or a Subsidiary (or to the best of the Corporation’s knowledge, the Joint Venture Entity), and the Corporation or the applicable Subsidiary (and to the best of the Corporation’s knowledge, the Joint Venture Entity) holds the Owned Premises under valid, subsisting and enforceable title documents and such title documents permit the Corporation and such Subsidiary (and to the best of the Corporation’s knowledge, the Joint Venture Entity) to carry on the Business thereon as currently conducted.
Owned Premises. The Owned Premises are the only real property owned by the Corporation or the Subsidiaries. The Owned Premises are 100% beneficially owned by the Corporation or a Subsidiary, and the Corporation or the applicable Subsidiary holds the Owned Premises under valid, subsisting and enforceable title documents and such title documents permit the Corporation and such Subsidiary to carry on the business thereon as currently conducted.
Owned Premises. The Company does not own any real property.
Owned Premises. If you own the Premises, you must submit to us proof of ownership. If you decide to sell the Premises together with the Restaurant at any time before the expiration or termination of the Franchise Agreement, you must notify us of your intention. We have a right of first refusal to purchase the Premises on the same terms and conditions as set forth in Section 14.(c)(i). If the sale will also involve a relocation of the Restaurant, you must submit to us for our approval your proposed plans (including copies of any proposed lease or contract of purchase) for an alternate location.
Owned Premises. Seller does not own any real property. --------------
Owned Premises. 23 SECTION 2.23
Owned Premises. 17 SECTION 2.19 Leased Premises................................................17 SECTION 2.20
Owned Premises. Schedule 2.23 sets forth descriptions of all -------------- ------------- real estate owned by the Companies, and all buildings and other structures located on such real estate. Said real estate is hereinafter referred to as the "Property" or the "Properties". Each of the Companies has good and marketable title in fee simple to all Properties and holds sufficient rights in and to all easements or other rights necessary for perpetual access thereto, and owns outright all buildings and other structures, improvements and fixtures thereon, in each case free and clear of all Claims or other interests or rights of third parties, except those which do not and will not have an adverse effect on the Properties. There are no encroachments from any of the Properties onto adjoining real property, and there are no encroachments from any adjoining real property onto any of the Properties, except those which do not and will not have an adverse effect on the Properties. Each structure located on the Properties is structurally sound, adequately maintained and is in good condition and repair consistent with the uses to which it is presently being put. All structures, improvements and fixtures on the Properties and the current uses of the Properties conform to any and all federal, state and local laws, reclamation laws, zoning, land use, subdivision, wetlands, building, health and safety and other ordinances, laws, rules and regulations, except for those the nonconformance with which do not or would not have an adverse effect on the Properties. No notice from any governmental body or other person has been served upon, or received by, any of the Companies or any of the Sellers claiming any violation of any such ordinance, law, rule or regulation, or requiring any substantial work, repairs, reclamation, construction, alterations or installation on or in connection with such Properties which has not been complied with or that any right of access or other right enjoyed by any of the Companies is being modified or terminated. There are no violations of any covenant, restriction or other agreement or understanding, oral or written, affecting or relating to title or use of the Properties and no such covenant, restriction, agreement or understanding could cause a forfeiture or reversion of title or abridge the use thereof. There are no pending or threatened condemnation or similar proceedings or assessments affecting any of the Properties, lawsuits by adjoining landowners or others,...
Owned Premises. Real Estate Commission: Earned real estate commission relating to the sale of the employee’s principal residence, not exceeding seven percent (7%) of the selling price, shall be paid by the Company. Where there is established by the local real estate board a customary commission in excess of seven percent (7%) of the selling price for residential property, prior written approval for any amount in excess of seven percent (7%) must be obtained from the Company.
