Common use of Real and Immovable Property Clause in Contracts

Real and Immovable Property. Schedule 2.1.10 sets forth the address of each real or immovable property owned by an Obligor that has a net book value in excess of US$15,000,000 or leased by an Obligor that has annual lease payments of greater than C$500,000 or that is real property located in the United States that is subject to a Security Document and is located in a flood hazard area;

Real and Immovable Property. Schedule 2.1.10 sets forth the address of each real or immovable property owned by an Obligor that has a net book value in excess of US$15,000,000 or leased by an Obligor that has annual lease payments of greater than C$500,000 or that is real property located in the United States that is subject to a Security Document and is located in a flood hazard area;