Common use of Real Property and Improvements Clause in Contracts

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 Real Property and Improvements owned by Xx. Xxxxxxxx or his Affiliates 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 Xx. Xxxxxxxx Landlord or his Affiliatesthe 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 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 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. The Real Property and Improvements owned by Xx. Xxxxxxxx Xxxx 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 Xxxx 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 3.3(b) are all surveys, title binders, title policies and copies of any exceptions to title relating to such Real Property or Improvements.