Ownership of Premises. Owner represents that it is the fee owner of the Premises and of the improvements and appurtenances and equipment installed therein, except such equipment as may be leased or acquired by Owner on a hire-purchase basis or as may be owned, leased or installed by tenants or other third parties.
Ownership of Premises. The Company does not own any real property.
Ownership of Premises. The Company and its Subsidiaries do not own any real property or any buildings, structures and other improvements located on any real property (collectively, "Owned Real Property").
Ownership of Premises. The Seller is the owner of good, marketable and insurable fee title to the Owned Real Property, free and clear of all Liens except for Permitted Liens.
Ownership of Premises. The Company is the owner of fee title to the land described on Schedule 4.21(a) and to all of the buildings, structures and other improvements located thereon (collectively, the Owned Real Property) free and clear of all Title Defects, except for the matters listed on Schedule 4.21(a)-1 and encumbrances that do not individually or in the aggregate: (i) interfere in any material respect with, or materially increase the cost of, the use, occupancy or operation of the applicable parcel of Owned Real Property as currently used, occupied and operated and as intended to be used, occupied and operated, or (ii) materially reduce the fair market value of the applicable parcel of Owned Real Property below the fair market value such parcel would have had but for such encumbrances (collectively, the Permitted Owned Real Property Exceptions). The Owned Real Property constitutes all of the real property owned by the Company on the date hereof. As used in this Agreement, Title Defects shall mean and include any mortgage, deed of trust, lien, pledge, security interest, claim, lease, charge, option, right of first refusal, easement, restrictive covenant, encroachment or other survey defect, encumbrance or other restriction or limitation.
Ownership of Premises. This Agreement does not vest in Lessee any fee interest in the Premises. Title to the Premises at all times is with and shall remain solely with City.
Ownership of Premises. The Company or one of its --------------------- Subsidiaries is the owner of good and insurable fee title to the land described on Section 3.1(q)(i) of the Company Disclosure Schedule and to all of the buildings, structures and other improvements located thereon (collectively, the "Company Owned Real Property") free and clear of all Title Defects (as hereinafter defined) except as would not have a Material Adverse Effect with respect to the Company. The Company Owned Real Property constitutes all of the real property owned by the Company and its Subsidiaries on the date hereof. As used in this Agreement, "Title Defects" shall mean and include any mortgage, deed of trust, lien, pledge, security interest, claim, lease, charge, option, right of first refusal, easement, restrictive covenant, encroachment or other survey defect, encumbrance or other restriction or limitation whatsoever.
Ownership of Premises. Metromedia or one of its --------------------- Subsidiaries is the owner of good and insurable fee title to the land in the United States described on Section 3.2(q)(i) of the Metromedia Disclosure Schedule and to all of the buildings, structures and other improvements located thereon (collectively, the "Metromedia Owned Real Property") free and clear of all Title Defects (as hereinafter defined) except as would not have a Material Adverse Effect with respect to Metromedia. The Metromedia Owned Real Property constitutes all of the real property owned by Metromedia and its Subsidiaries on the date hereof.
Ownership of Premises. Upon consummation of the Restructuring, subject to Section 6.22, the Operating Company shall be the owner of good and valid fee title to the Owned Real Property, free and clear of all Liens (other than Permitted Liens). During the period in which either of the Sellers, any of the Companies or the Operating Company were the owners or conducted operations on such Owned Real Property, none of them created or permitted the creation of any Liens that would render title to said Owned Real Property unmarketable as of the Closing. Except as set forth in Schedule 4.16(a), all of the land, buildings, structures and other Improvements used in the conduct of the Bulk Gas Business are included in the Real Property. To the knowledge of the Sellers, there are no encroachments or other facts or conditions affecting any parcel of Owned Real Property that would be revealed by an accurate survey or careful physical inspection thereof other than Permitted Real Property Exceptions.
Ownership of Premises. The Seller is the owner of good, marketable and insurable fee title to the land described on Schedule 4.13.1(a) and to all of the buildings, structures and other improvements located thereon (collectively, the "OWNED REAL PROPERTY") free and clear of all Title Defects (as defined in this Section) except as listed on Schedule 4.13.1(b). The Owned Real Property constitutes all of the real property owned by the Seller on the date hereof.
