Real Property and Improvements Sample Clauses
Real Property and Improvements. 1. Except as otherwise provided in the Definitive Agreements, neither this MOU nor the Realignment Plan will change, modify or require the conveyance of the record ownership of the real estate currently comprising the IUPUI campus.
2. Purdue and IU agree to use their best efforts to negotiate and enter into a real estate lease agreement on mutually acceptable terms and conditions with respect to Purdue’s use and occupancy of real estate and facilities comprising the portion of the Indianapolis campus that will be used for the Purdue Realigned Academic Units.
Real Property and Improvements. The Real Property and Improvements owned by Landlord are owned in fee simple, free and clear of all Liens, claims and encumbrances, except those disclosed in Schedule 3.3(a), none of which currently or, to the knowledge of Landlord or the Stockholder, in the future will materially affect the use of such Real Property or such Improvements for the conduct of the respective businesses of the Companies as presently conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. No one has been granted any right to purchase or lease such Real Property or Improvements other than the existing leases in favor of the Companies, which are to be terminated at the Closing by agreement between the parties and pursuant to which the owners shall acknowledge that there are no defaults under any such leases and that the Companies have no liability arising out of or relating to such leases. Attached as Schedule 3.3(b) are all surveys, title binders, title policies and copies of any exceptions to title relating to such Real Property or Improvements.
Real Property and Improvements. Such Seller owns good, indefeasible and insurable title to the Real Property owned by it, free and clear of any and all mortgages, liens, encumbrances, charges, claims, restrictions, pledges, security interest or impositions except the Permitted Liens. There are no existing or impending Improvement liens or special assessments to be made, or which have been made, against the Real Property or Improvements owned by it by any governmental authority. Neither the Improvements owned by it, nor the use thereof, any Personal Property therein, nor the operation or maintenance thereof, violate any restrictive covenant or encroach on any property owned by others in any material respect. No condemnation or similar proceeding is pending, nor, has such Seller or the Facility owned by it, received any written notice of any condemnation or similar proceeding, threatened or contemplated that would preclude or impair the use of the Real Property, the Improvements or Personal Property owned by it or any portion thereof by Purchaser for the purposes for which it is currently used.
Real Property and Improvements. The Stockholder owns the Real Property and Improvements in fee simple, free and clear of all Liens, claims and encumbrances, except those disclosed in SCHEDULE 3.3(a), none of which currently or, to the Stockholder's knowledge, in the future will affect the use of the Real Property or the Improvements for the conduct of the respective businesses of the Company as presently conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. Except as set forth in ARTICLE 1 hereof, no one has been granted any right to purchase or lease the Real Property or Improvements other than the existing lease in favor of the Company, which is to be terminated at Closing. Attached as SCHEDULE 3.3 are all surveys, title binders, title policies and copies of any exceptions to title.
Real Property and Improvements. The Real Property and Improvements owned by Xx. Xxxxxxxx or his Affiliates are owned in fee simple, free and clear of all Liens, claims and encumbrances, except those disclosed in Schedule 3.3(a), none of which currently or, to the knowledge of Xx. Xxxxxxxx or his Affiliates, in the future will materially affect the use of such Real Property or such Improvements for the conduct of the respective businesses of the Companies as presently conducted or, as to the New Facility, as proposed to be conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. No one has been granted any right to purchase or lease such Real Property or Improvements other than the existing leases in favor of the Companies, which are to be terminated at the Closing by agreement between the parties and pursuant to which the owners shall acknowledge that there are no defaults under any such leases and that the Companies have no liability arising out of or relating to such leases. Attached as Schedule 3.3 are all surveys, title binders, title policies and copies of any exceptions to title relating to such Real Property or Improvements.
Real Property and Improvements. The Stockholder owns the Real Property and Improvements in fee simple, free and clear of all Liens, except those disclosed in Schedule 3.3(a), none of which currently or, to its knowledge, in the future will affect the use of the Real Property or the Improvements for the conduct of the business of the Company as presently conducted. No assessments have been made against any portion of the Real Property which are unpaid (except ad valorem taxes for the current year that are not yet due and payable), whether or not they have become Liens. There are no disputes concerning the location of the lines and corners of the Real Property. No one has been granted any right to purchase or lease the Real Property or Improvements other than the existing leases in favor of the Company, which are to be terminated at the Closing by agreement between the parties and pursuant to which the Stockholder shall acknowledge that there are no defaults under any such leases and that the Company has no liability arising out of or relating to such leases.
Real Property and Improvements. Seller’s right, title and interest in and to: (a) the real property described in the legal descriptions listed on Schedule A-4 to this Agreement (“the “Real Property”), and (b) all improvements located thereon (the “Improvements”);
Real Property and Improvements. Schedule 3.07 contains a list of all interests in real property leased by Seller (the "Real Property"). Seller does not own any real property. The uses for which the buildings, facilities, and other improvements located on the Real Property (the "Improvements") are zoned do not materially restrict, or in any manner materially impair, the use of the Improvements for purposes of the businesses of Seller as conducted on the date of this Agreement. The Seller is the lessee of each of the leasehold estates set forth in Schedule 3.07 as being leased by it, and except as set forth in Schedule 3.07, is in possession of each of the premises purported to be so leased. Each such lease pursuant to which such leasehold estate is granted is valid and without any material default thereunder by Seller, or, to the knowledge of Seller, the landlord. Except as set forth in Schedule 3.07, there are no pending or, to the knowledge of Seller, threatened, condemnation, eminent domain or similar proceeding with respect to the Real Property or the Improvements and no special taxes or assessments relating to any part of the Real Property, and no public improvements that may result in a special tax or assessment against any part of the Real Property, are proposed, in progress or completed. To the knowledge of Seller, there are no structural defects in the buildings and other improvements situated on the real property owned or leased by Seller, and all such facilities are in all material respects in good condition and working order (reasonable wear and tear excepted) and adequate for the operation of Seller's business as currently conducted.
Real Property and Improvements. This Agreement and the realignment and revised governance structure of the Fort Xxxxx Campus shall not change, modify or require the conveyance of the record ownership of the real estate currently comprising the Fort Xxxxx Campus. To the extent not covered by the amended and restated 2008 Memorandum of Agreement described in Section B.3(b) above, Purdue and IU agree to use their best efforts to negotiate and enter into a real estate lease agreement, containing definitive terms and conditions mutually acceptable to each, with respect to IU’s use and occupancy of real estate comprising the Fort Xxxxx Campus for its health sciences initiative, the Indiana Academic Missions, the IU University School of Medicine – Fort Xxxxx and the IU School of Social Work (the “Real Estate Lease Agreement”).
Real Property and Improvements. The Acquired Companies do not own any real property. All of the buildings, structures, improvements and appurtenances situated on real property used by the Acquired Companies are in good operating condition and in a state of good maintenance and repair, ordinary wear and tear excepted. All of such buildings, structures, improvements and appurtenances are adequate and suitable for the operation of the Business in the ordinary course. To Sellers’ Knowledge, no condemnation, expropriation, zoning change or similar proceeding is pending or threatened that would preclude or impair the use or operation of any real property by the Acquired Companies; the real property is zoned by the appropriate governmental authorities to allow for the operation of the Business.