Real Estate and Leases. There is set forth in the Disclosure Schedule a brief description of all real estate (including buildings and improvements) owned by Seller according to the character of the property and the location thereof, together with a legal description of such real estate. Seller has good and marketable title to such owned real estate in fee simple free and clear of any encumbrances whatsoever except as set forth on the Disclosure Schedule or the lien of current taxes not yet due and payable. There is also set forth in the Disclosure Schedule a brief description (including in each case the monthly rental payable, the expiration date, a brief description of the property covered and the name of the lessor, including for each lessor in which Seller has, directly or indirectly, any beneficial interest, the name and extent of such interest and name thereof) of every lease or agreement (written or oral) under which Seller is lessee of, or holds or operates, any property, real or personal, owned by any third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither Seller nor any other party thereto is in default under any such lease or agreement nor has any event occurred which with the passage of time or giving of notice would constitute such a default or permit termination, modification, or acceleration thereunder. There are no disputes, oral agreements, or forbearance programs in effect as to any lease. To Seller's and Shareholders' knowledge, the real property and the buildings thereon owned or utilized by Seller in the conduct of the Business do not violate any present building, zoning or other laws or ordinances, or any agreements applicable thereto, and no notice of any such violation has been received by Seller (it being understood that Seller is not assuming additional responsibility other than obligations for which it otherwise would have been liable). Such real estate and improvements presently are, and at Closing will be, structurally sound to Seller's knowledge, in operating condition and repair (ordinary wear and tear excepted), and have been duly maintained in accordance with normal industry practice and applicable laws, rules, and regulations (it being understood that Seller is not assuming additional responsibility other than obligations for which it otherwise would have been liable).
Real Estate and Leases. Schedule 2.17 contains a list of all real property owned by the Seller relating to the Project or in which the Project has a leasehold or other interest (whether as landlord, tenant or otherwise) and of any lien, charge or encumbrance thereupon. Such Schedule also contains a substantially accurate description identifying all such real property and the significant rental terms (including rents, termination dates and renewal conditions). The improvements upon such properties and use thereof by the Project conform to all applicable lease restrictions, zoning and other local ordinances.
Real Estate and Leases. INTENTIONALLY OMITTED.
Real Estate and Leases. (a) Set forth in Section 2.16 of the Telepanel Disclosure Letter is a brief description of every parcel of real estate owned by Telepanel or any Telepanel Subsidiary (including, in each case, a description of the improvements and uses, the annual taxes payable and depreciation reserve of any improvements), and lease agreements (including, in each case, the annual rental payable and the expiration date, the cost and depreciation reserve of any leasehold improvements and a brief description of the property covered) under which Telepanel or any of the Telepanel Subsidiaries is lessee of, or holds or operates, any real estate owned by any third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither Telepanel nor any Telepanel Subsidiary is in default under any such lease or agreement, nor, is any other party to any such lease or agreement in default thereunder, and no event has occurred, or is alleged to have occurred, which constitutes, or with lapse of time or giving of notice or both would constitute, a default by any party to any such lease or agreement, or a basis for a claim of force majeure or other claim of excusable delay or non-performance thereunder other than with respect to any default, event or claim which, individually or in the aggregate, would not have any Material Adverse Effect on Telepanel.
(b) Telepanel or a Telepanel Subsidiary has good, clear and marketable title to the properties set forth in Section 2.16 of the Telepanel Disclosure Letter and all fixtures thereon in fee simple absolute, subject to no Telepanel Liens. There is no option or right held by any third party to purchase any such properties or any part thereof, or any of the fixtures and equipment thereon. All buildings, driveways and other improvements on such properties, respectively, are within its boundary lines, and no improvements on adjoining properties extend across the boundary lines onto such properties.
(c) The foundation, floor and roof of the buildings and all other structural and mechanical components of the properties owned or leased by Telepanel or the Telepanel Subsidiaries are sound and free of any structural, mechanical or other defect, and all heating, ventilating, air conditioning, electrical, plumbing and other mechanical systems and equipment thereon are in good working order, in each case except insofar as would not, individually or in the agg...
Real Estate and Leases. (a) Exhibit 6.06 hereof contains details of all the Real Estate and contains details of all the Leases.
Real Estate and Leases. Schedule 2.18 contains a list of all real ---------------------- property owned by the Company or in which the Company has a leasehold or other interest (whether as landlord, tenant or otherwise) and of any lien, charge or encumbrance thereupon. Such Schedule also contains a substantially accurate description identifying all such real property and the significant rental terms (including rents, termination dates and renewal conditions). The improvements upon such properties and use thereof by the Company conform to all applicable lease restrictions, zoning and other local ordinances.
Real Estate and Leases. TST does not own, and has not ever owned, any real estate. Schedule 4.11 sets forth a description of all real estate (including buildings and improvements) leased by TST (the “Leased Facilities”) according to the character of the property and the location thereof; and a brief description (including in each case the annual rent payable, the expiration date, a brief description of the property covered and the name of the lessor) of every lease or agreement (written or oral) under which TST is lessee of, or holds or operates, any such Leased Facility (each a “Facility Lease”). Each Facility Lease is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither TST nor, to Gemtron’s Knowledge, any other party thereto is in default in any material respect under a Facility Lease nor has any event occurred which with the passage of time or giving of notice or both would constitute such a default. Except as disclosed on Schedule 4.11, the Leased Facilities do not violate any building, zoning or other Laws, or any Contracts, applicable thereto, and no notice of any such violation or claimed violation has been received by TST. Except as disclosed on Schedule 4.11, no modifications, alterations, improvements or installations to a Leased Facility have been made which would permit the landlord to require material expenditures by the tenant to place such Leased Facility in conformance with requirements arising under or upon expiration or termination of the Facility Lease therefor.
Real Estate and Leases. IAI does not own any real property. IAI does not have any options or contractual obligations to purchase or acquire any interest in real property. All leases, subleases or other agreements under which IAI is lessee of any real or personal property are described on Exhibit 4.12 and true and complete copies of all such agreements have been made available to APG. Such leases, subleases and other agreements are in full force and effect and neither IAI nor any of the other parties are in default thereunder and IAI has not received any notice of any default thereunder.
Real Estate and Leases. (a) Exhibit 7.10 hereof contains details of all the Real Estate and contains details of all the Leases; (b) The description of each of the Real Estate in such Exhibit is, in each case, true, accurate and complete and includes all the information which is needed fully and exactly to identify the Real Estate and the Leases; (c) AIEP has good and valid title to and is the sole legal and beneficial owner of the Real Estate; (d) Each of the Educational Institutions listed therein is fully and solely entitled to the Leases listed under its name in the Exhibit 7.10, is in exclusive occupation of the land the subject of the Leases and has a good title to such Leases, which is in perfect order pursuant to the applicable law; and (e) No Real Estate or Lease is subject to any encumbrance or Lien other than those set out in Exhibit 7.10.
Real Estate and Leases. Set forth in Schedule 5.13 attached hereto is a brief description of lease agreements under which CCS or any of the CCS Subsidiaries is lessee of, or holds or operates, any real estate owned by any third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither CCS nor any CCS Subsidiary is in a default under any such lease or agreement, nor to the knowledge of CCS is any other party to any such lease or agreement in default thereunder, and no event has occurred, or is alleged to have occurred, which constitutes, or with lapse of time or giving of notice or both would constitute, a default by any party to any such lease or agreement or a basis for a claim of force majeure or other claim of excusable delay or non-performance thereunder, other than with respect to any default, event or claim which, individually or in the aggregate, would not have any Material Adverse Effect.
