Real Estate Ownership Sample Clauses

Real Estate Ownership. The sole business of the Real Estate Company is to own and lease the Real Estate to Operator and matters incidental or directly related thereto.
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Real Estate Ownership. With respect to each Real Property Parcel, except where a failure, violation, condition, requirement or noncompliance with any of the items specified below does not or is not reasonably likely to have a Material Adverse Effect: (a) Neither the Company nor any Subsidiary has received notice of any pending or threatened condemnation proceeding or notice of any special assessment for improvements to and/or for the benefit of any Real Property Parcel; (b) Neither the Company nor any Subsidiary has knowledge of any boundary line dispute, encroachment, access limitation or other survey defect affecting any Real Property Parcel. Each Real Property Parcel has legal access to a public street by unrestricted frontage or over a title-insured easement and complies with applicable subdivision regulations, except for minor survey defects which do not materially interfere with the Company’s or any Subsidiary’s intended use and except for subdivision of acreage into residential lots after acquisition in the ordinary course of the Company’s or any Subsidiary’s business. The Company or its Subsidiary has a survey of each Real Property Parcel obtained prior to the acquisition thereof; (c) The surveys obtained for each Real Property Parcel certify those portions, if any, of the Real Property Parcel which are located within a flood hazard area; (d) The Company or its Subsidiary has a “Phase One” environmental study prepared by an environmental engineering company obtained prior to acquisition of each Real Property Parcel; (e) Neither the Company nor any Subsidiary has filled any Real Property Parcel which contains “wetlands,” or did contain “wetlands,” unless such fill was approved by state and federal authorities having jurisdiction, as “wetlands” are defined or described in applicable state and federal laws and regulations. Neither the Company nor any Subsidiary has acquired any Real Property Parcel without obtaining a wetlands determination study by a qualified expert; (f) Except to the extent permitted by Section 8.14 below, each Real Property Parcel is finally and unappealably zoned for the Company’s or such Subsidiary’s intended use prior to purchase, except for Real Property Parcels which will be rezoned by the Company or such Subsidiary for development as residential lots in the ordinary course of its business in which case the Company or such Subsidiary will use its best efforts to obtain the appropriate rezoning as soon as practicable after acquisition; (g) The Compa...
Sample 1
Real Estate Ownership. The sole business of the Borrower is to own the Real Estate and to lease the Real Estate pursuant to the Real Estate Leases.
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Real Estate Ownership. At Closing, Xxxxxx will be the sole owner of the real property leased pursuant to each of the Van Nuys Lease, the Arlington Heights Lease and the Xxxxxxxx Lease.
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Real Estate Ownership. All real estate financed by a Loan is owned for a business and is owner occupied by a Native American.
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Real Estate Ownership. All real estate financed by a Loan shall be owner SSBCI Reporting. The Lender shall cooperate with IHFA, the State of Idaho and (i) the census tract and zip code of the Borrower's principal location in the State (ii) the Lender's Employer Identification Number (EIN); (iii) the total principal amount of each such Loan loaned/authorized as a line of credit, and of that amount, the portion that is from non-private sources; (iv) the date of the initial disbursement of the Loan; (v) the Borrower's annual revenues in its last fiscal year; (vi) the Borrower's Full Time Equivalent employees; (vii) the 6-digit North American Industry Classification System (NAICS) code for the Borrower's industry; (viii) the year the Borrower was incorporated or, as applicable, organized; (ix) the estimated number of jobs created or retained as a result of each Loan; (x) the amount of additional private financing occurring for or on behalf of the Borrower after the closing of the Loan documents; and (k) as may be requested by IHFA from time to time, any other information from time to time required by IHFA or under the SSBCI, including any rules, guidelines and regulations, which may be promulgated, or amended thereunder.
Sample 1
Real Estate Ownership. (i) Schedule 2.2(q)(i) lists each of the real properties owned by the American Seller and Mexican Sellers and Related to the Business (the "Owned Premises"). The American Seller or Mexican Sellers, as applicable, have good and valid fee simple to all of the Owned Premises, free and clear of any Liens except for the Permitted Liens. (ii) Schedule 2.2(q)(ii) lists each of the real properties leased or subleased by the Mexican Sellers as tenants or subtenants and Related to the Business (the "Leased Premises"). The Leased Premises are leased or subleased by the Mexican Sellers pursuant to written leases or subleases which have previously been made available to Purchasers (the "Real Property Leases"). The Mexican Sellers have a valid leasehold interest in the Leased Premises, free and clear of any Liens, except for the Permitted Liens. All Real Property Leases are valid, binding and in full force and effect as to the applicable Mexican Seller and, to the Sellers' knowledge, the other parties thereto, except as limited by the General Enforceability Exceptions. No Mexican Seller has received written notice that the Mexican Sellers are in default under the Real Property Leases and, to the Sellers' knowledge, no material default by the other contracting parties has occurred thereunder. (iii) There are no condemnation proceedings pending or threatened with respect to the Owned Premises or the Leased Premises. The American Seller and Mexican Sellers have not leased or subleased the Owned Premises or the Leased Premises or any portion thereof to any person. (iv) With respect to the Leased Premises, all rent and amounts payable related to the occupancy of the Leased Premises have been paid timely and, to the Sellers' knowledge, there are no conditions existing now that with the passage of time after closing that will provide any owner of a Leased Premises from bringing an action to terminate the right to occupy the Leased Premises. (v) With respect to the Mexican Premises: (A) The Mexican Premises are free of any Liens (other than Permitted Liens) in violation of the applicable Mexican Laws, or third-party rights or commitment derived from acts, events or causes prior to the Effective Time. (B) SunOpta Mexico is the sole and legitimate legal and beneficial owner of fee simple title to the Owned Premises located in Mexico (the "Mexican Owned Premises"), and as of the date hereof, there are no leases, bailment, usufruct, nor any use, enjoyment, or occupancy rights of an...
Sample 1
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Real Estate Ownership. With respect to each tract of unimproved or improved real property which the Company or any Subsidiary now owns or acquires after the date hereof (hereinafter a "Real Property"), except where a failure, violation, condition, requirement or noncompliance with any of the items specified below does not or will not have a Material Adverse Effect: (a) Neither the Company nor any Subsidiary has received notice of any pending or threatened condemnation proceeding or notice of any special assessment for improvements to and/or for the benefit of any Real Property; (b) Neither the Company nor any Subsidiary has knowledge of any boundary line dispute, encroachment, access limitation or other survey defect affecting any Real Property. Each Real Property has legal access to a public street by approved curb cut or over a title-insured easement and complies with applicable subdivision regulations, except for minor survey defects which do not materially interfere with the Company's or any Subsidiary's intended use and except for subdivision of acreage into residential lots after acquisition in the ordinary course of the Company's or any Subsidiary's business. The Company has a survey of each Real Property obtained prior to the acquisition thereof; (c) The surveys obtained for each Real Property certify those portions, if any, of the Real Property which are located within a flood hazard area; (d) The Company or such Subsidiary has a "Phase One" environmental study prepared by an environmental engineering company obtained prior to acquisition of each Real Property;
Sample 1
Real Estate Ownership. With respect to each tract of unimproved or improved real property which the Company or any Subsidiary now owns or acquires after the date hereof (hereinafter "Real Property Parcel"), except where a failure, violation, condition, requirement or noncompliance with any of the items specified below does not or is not reasonably likely to have a Material Adverse Effect:
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Related to Real Estate Ownership

  • Real Estate Owned Reports Together with the statement furnished pursuant to Section 5.02, the Company shall furnish to the Purchaser on or before the Remittance Date each month a statement with respect to any REO Property covering the operation of such REO Property for the previous month and the Company's efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month. That statement shall be accompanied by such other information as the Purchaser shall reasonably request.

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

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to the Stockholder, and Parent shall have no authority to direct the Stockholder in the voting or disposition of any of the Covered Shares, except as otherwise provided herein.

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Foreign Ownership Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • Ownership Interest 25 Pass-Through Rate..............................................................................25

  • Account Ownership Based upon the type of account ownership that you have designated; the following terms and conditions apply.

  • Equipment Ownership The ownership of all equipment provided by the Contractor shall remain with the Contractor, and equipment shall be maintained by the Contractor in accordance with manufacturer recommendations and all Federal (including OSHA), New York State and local codes. The Contractor shall provide and maintain the collection equipment at the Authorized User’s facility(s) for use twenty-four hours per day, seven days per week, 365 days per year. If equipment is removed for longer than brief periods for emptying the container, it shall be replaced with equal type and capacity equipment to ensure continuous dumping ability. If not so provided, the Authorized User shall be provided with a rebate for the amount of time they were unable to dump and the Authorized User may seek "Remedies for Breach" as stated in Appendix B. If the equipment is owned by the Authorized User, the Authorized User assumes liability and costs associated with the equipment and a price reduction may be passed along to the Authorized User representing the difference in cost, if any, for the Contractor not having to provide the equipment.

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