Property Status Sample Clauses

Property Status. Subject to the Conditions of Title, and to the best of Seller’s knowledge and except as may be set forth in any of the documents provided to Buyer by Seller under Section 4.1(a), Seller hereby represents and warrants, that Seller has no knowledge and has not received written notice that: (x) any person or entity has a right of first refusal, right to purchase, to lease or to possess or occupy the Property; and, (y) there are no uncured breaches of the easements included in the Conditions of Title. To the best of Seller’s knowledge, Seller also hereby represents and warrants the following specifically with regard to the Lease: (i) any rent or additional rent due, owing and payable under the Lease has been paid in full and timely by Tenant; (ii) to the best of Seller’s knowledge, no breach exists on the part of Seller under the Lease; (iii) except as otherwise set forth in the letter of Seller to Tenant dated June 14, 2016, to the best of Seller’s knowledge, no breach exists on the part of Tenant under the Lease; (iv) there are no rights or options whatsoever to purchase or otherwise acquire the Property or any portion thereof under the Lease; and, (v) no person or firm other than Seller and Tenant are in possession of the Property. Nothing contained in the Deed shall limit the foregoing warranty;
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Property Status. We will ensure the property is in good order and clean to a professional standard at the start of your tenancy.
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Property Status. MAINTENANCE AND LEASES ---------------------------------------
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Property Status. This agreement does not convey any rights for patents and trademarks owned by either party beyond their use as a component and accommodation under this agreement.
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Property Status. Contributor represents and warrants with respect to the Property, except as otherwise disclosed in the Disclosure Materials set forth on the Disclosure Materials List and Statement (EXHIBIT D hereof): (i) Attached hereto as EXHIBIT H is a Lease List (Rent Roll) with respect to the Property which is true, correct and complete. (ii) The Lease List for the Property lists all of the Leases affecting the Property. Contributor has made true, correct and complete originals or copies of all Leases in effect as of the date hereof available to Acquiror for its review. To Contributor's knowledge except as may be set forth on the Lease List, each Lease identified on the Lease List is in full force and effect and has not been modified, assumed or extended except as specified, and, except as disclosed in the Disclosure Materials List and Statement, no tenant is in material default under any such Lease and Contributor has not received written notice of any material default by the landlord under any such Lease. No tenant or other person or entity has an option to purchase or right of first refusal with respect to the sale of all or any part of the Property. (iii) All leasing commissions in respect of the current terms of the Leases currently in effect have been or will be paid in full by Contributor, except as provided on EXHIBIT W. (iv) Except as set forth on EXHIBIT X, Contributor has received no written notice within the thirty-six (36) month period immediately preceding the date hereof, from any tenant under any Lease which is still outstanding and otherwise has no knowledge that such tenant is entitled to any reduction in, refund of or counterclaim or offset against, or is otherwise disputing, any rents paid, payable or to become payable by such tenant thereunder or any other sums due any tenant pursuant to the terms of its Lease, or is entitled to cancel or terminate its Lease or to be released of any of its material obligations thereunder. (v) To Contributor's knowledge, all work which is required to be performed by the landlord under each Lease has been performed to the Tenant's satisfaction or as required to be performed by landlord pursuant to such Lease, except for work not completed and listed on EXHIBIT Y, and the parties shall bear responsibility for the same as indicated on such Exhibit. (vi) All amounts in respect of tenant cash allowances, lease takeover payments or takeback payment obligations and all other tenant cash inducements have been paid or satis...
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Property Status. “As Is.” Xxxxx acknowledges that they have made a sufficient and satisfactory inspection of the Real Property and are purchasing the Real Property in its “as is” condition.
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Property Status. Receipt by LIMCO and Xxxxx of evidence reasonably acceptable to LIMCO and Xxxxx, which may be in the form of a determination by the County of Ventura that the East Area 1 Land is a legal lot or a Certificate of Compliance with respect thereto from the County that conveyance of the East Area 1 Land to the Company will not violate the California Subdivision Map Act (California Government Code §66410-66499.37) and the issuance by Title Company of a CLTA 116.7 endorsement that the Property is in compliance with the Subdivision Map Act shall be a condition precedent to Closing that neither Xxxxx nor LIMCO shall have the right to waive. This condition shall be a condition precedent to both Xxxxx’x and LIMCO’s obligation to proceed with the Closing.
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Property Status. Meridian represents and warrants with respect to the Property, except as otherwise disclosed in the Disclosure Materials set forth on the Disclosure Materials List and Statement (EXHIBIT D hereof): (i) Attached hereto as EXHIBIT I is a Lease List (Rent Roll) with respect to the Property which is true, correct and complete. (A) The Lease List for the Property lists all of the Leases affecting the Property. Meridian has made true, correct and complete originals or copies of all Leases (except for those documents designated with an asterisk) in effect as of the date hereof available to Acquiror for its review. To Meridian's knowledge, except as may be set forth on the Lease List, each Lease identified on the Lease List is in full force and effect and has not been modified, assumed or extended except as specified, and, except as disclosed in the Disclosure Materials List and Statement, no tenant is in material default under any such Lease and Meridian has not received written notice of any material default by the landlord under any such Lease. No tenant or other person or entity has an option to purchase or right of first refusal with respect to the sale of all or any part of the Property. (B) The list of REAs set forth in this Agreement with respect to the Property is true, correct and complete. The REAs listed herein constitute all of the REAs affecting the Property. Meridian has made true, correct and complete originals or copies of all REAs in effect as of the date hereof available to Acquiror for its review. To Meridian's knowledge, each REA identified in this Agreement is in full force and effect and has not been modified, assumed or extended except as specified, and, except as disclosed in the Disclosure Materials List and Statement, no party to an REA is in material default under any such REA and Meridian has not received written notice of any material default by a party to an REA. No party to an REA or other person or entity has an option to purchase or right of first refusal with respect to the sale of all or any part of the Property. (iii) All leasing commissions in respect of the current terms of the Leases or REAs currently in effect have been or will be paid in full by Meridian, except as provided on EXHIBIT Y. (iv) Except as set forth on EXHIBIT Z, Meridian has received no written notice within the thirty-six (36) month period immediately preceding the date hereof, from any tenant under any Lease which is still outstanding and otherwise has no k...
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Related to Property Status

  • DESCRIPTION OF QUALIFIED PROPERTY The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes. Property which is not specifically described in EXHIBIT 4 shall not be considered by the District or the Appraisal District to be part of the Applicant’s Qualified Property for purposes of this Agreement, unless by official action the Board of Trustees provides that such other property is a part of the Applicant’s Qualified Property for purposes of this Agreement in compliance with Section 313.027(e) of the TEXAS TAX CODE, the Comptroller’s Rules, and Section 10.2 of this Agreement.

  • Ownership of Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

  • LOCATION OF QUALIFIED PROPERTY AND INVESTMENT The Land on which the Qualified Property shall be located and on which the Qualified Investment shall be made is described in EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes. The Parties expressly agree that the boundaries of the Land may not be materially changed from its configuration described in EXHIBIT 2 unless amended pursuant to the provisions of Section 10.2 of this Agreement.

  • Property Ownership The Fund owns or leases all such properties as are necessary to the conduct of its operations as presently conducted.

  • Investment Company Status The Company is not, and upon consummation of the sale of the Securities will not be, an “investment company,” an affiliate of an “investment company,” a company controlled by an “investment company” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company” as such terms are defined in the Investment Company Act of 1940, as amended.

  • Additional Material Real Estate Assets (a) In the event that any Credit Party acquires a Material Real Estate Asset or a Real Estate Asset owned or leased on the Closing Date becomes a Material Real Estate Asset, in each case (other than with respect to a Foreign Credit Party), located in the United States, and such interest in such Material Real Estate Asset has not otherwise been made subject to the Lien of the Collateral Documents in favor of the Collateral Agent, for the benefit of Secured Parties, then such Credit Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments, agreements, opinions and certificates, including the items specified in Section 5.11(c), that the Requisite Lenders shall reasonably request to create in favor of the Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Assets. (b) The Borrower shall, at the request of the Requisite Lenders, deliver, from time to time, to the Collateral Agent and the Lenders such appraisals as are required by law or regulation of Real Estate Assets with respect to which the Collateral Agent has been granted a Lien. (c) In the case of any Material Real Estate Asset referred to in Section 5.11(a), the applicable Credit Party shall provide the Collateral Agent with Mortgages with respect to such Real Estate Asset (each, a “Mortgaged Property”), as the case may be, within sixty (60) days (or such longer period as shall be agreed by the Requisite Lenders) of the acquisition of such Real Estate Asset (or the date a Real Estate Asset owned or leased on the Closing Date becomes a Material Real Estate Asset) together with: (i) evidence that counterparts of any such Mortgage has been duly executed, acknowledged and delivered and such Mortgage is in form suitable for filing or recording in all filing or recording offices that the Requisite Lenders may deem reasonably necessary or desirable in order to create a valid and subsisting perfected Lien on the property and/or rights described therein in favor of the Collateral Agent for the benefit of the Secured Parties and that all filing and recording taxes and fees that are due and payable have been paid or otherwise provided for in a manner reasonably satisfactory to the Requisite Lenders; (ii) upon the reasonable request of the Administrative Agent (at the direction of the Requisite Lenders), an opinion of counsel (which counsel shall be reasonably satisfactory to the Requisite Lenders) in each state in which a Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as the Requisite Lenders may reasonably request, in each case in form and substance reasonably satisfactory to the Requisite Lenders; (iii) mortgagee title insurance policies or unconditional commitments therefor issued by one or more title companies reasonably satisfactory to the Requisite Lenders with respect to each Mortgaged Property (each, a “Title Policy”), in amounts not less than the Fair Market Value of each Mortgaged Property, together with a title report issued by a title company with respect thereto and copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to the Requisite Lenders (it being understood that any exceptions listed in a Title Policy constituting Permitted Liens shall be satisfactory) and (B) evidence reasonably satisfactory to the Requisite Lenders that such Credit Party has paid to the title company or to the appropriate Governmental Authorities all expenses and premiums of the title company and all other sums required in connection with the issuance of each Title Policy and all recording and stamp taxes (including mortgage recording and intangible taxes) payable in connection with recording the Mortgages for each Mortgaged Property in the appropriate real estate records; (iv) (A) a completed Flood Certificate with respect to each Mortgaged Property, which Flood Certificate shall (x) be addressed to the Collateral Agent and (y) otherwise comply in all material respects with the Flood Program; (B) if the Flood Certificate states that such Mortgaged Property is located in a Flood Zone, the Borrower’s written acknowledgment of receipt of written notification from the Collateral Agent (x) as to the existence of such Mortgaged Property and (y) as to whether the community in which each Mortgaged Property is located is participating in the Flood Program; and (C) if such Mortgaged Property is located in a Flood Zone and is located in a community that participates in the Flood Program, evidence that the Borrower has obtained a policy of flood insurance that is in compliance in all material respects with all applicable requirements of the Flood Program; and (v) such surveys, abstracts, appraisals and other documents as the Requisite Lenders may reasonably request.

  • Qualified Property Applicant’s Qualified Property is described in Schedule 2.3, which is incorporated herein by reference. The Parties expressly agree that the location of the Qualified Property shall be within the Reinvestment Zone as set out in Schedule 2.1.

  • Existence; Businesses and Properties (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and (to the extent the concept is applicable in such jurisdiction) good standing under the legal requirements of the jurisdiction of its formation, except as otherwise expressly permitted under Section 6.05, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (b) Qualify and remain qualified as a foreign entity in each jurisdiction in which qualification is necessary in view of its business and operations or the ownership of its properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (c) Do or cause to be done all things necessary to obtain, preserve, renew, extend, maintain and keep in full force and effect the rights, privileges, licenses, permits, franchises, authorizations, patents, copyrights, trademarks and trade names material to the conduct of its business, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; maintain and operate such business in substantially the manner in which it is presently conducted and operated; comply in all material respects with all applicable laws, rules, regulations, decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, except where the failure do so could not reasonably be expected to have a Material Adverse Effect; and at all times maintain and preserve all property material to the conduct of such business and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Unencumbered Properties Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

  • Site to be free from Encumbrances Subject to the provisions of Clause 8.2, the Site shall be made available by the Authority to the Contractor pursuant hereto free from all Encumbrances and occupations and without the Contractor being required to make any payment to the Authority because of any costs, compensation, expenses and charges for the acquisition and use of such Site for the duration of the Project Completion Schedule. For the avoidance of doubt, it is agreed that the existing rights of way, easements, privileges, liberties and appurtenances to the Site shall not be deemed to be Encumbrances. It is further agreed that, unless otherwise specified in this Agreement, the Contractor accepts and undertakes to bear any and all risks arising out of the inadequacy or physical condition of the Site.

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