Real Property and Leasehold Interests. The Company is not and has never been at any time the owner (or the beneficial or registered owner, as applicable) of and the Company has not agreed to acquire any real or immovable property (“Real Property”) or any interest in any Real Property, other than as a lessee. The Company is not a party to any Lease or agreement in the nature of a Lease in respect of any Real Property, whether as lessor or lessee, other than the leases described in Schedule 4.14, including the lease for the premises described in Schedule 4.14 (collectively, the “Leasehold Premises”). Neither the Company nor, to the knowledge of the Vendor, any other party thereto is in breach of any covenants, conditions or obligations contained in any Lease. The Vendor has provided a true and correct copy of the Lease of the Leasehold Premises to the Purchaser. All buildings, structures, improvements, appurtenances, fixtures and movables owned or leased by the Company, including without limitation those situated on the Leasehold Premises, are in good operating condition, subject to normal wear and tear, and in a state of good maintenance and repair, are adequate and suitable for the purposes for which they are currently being used.
Real Property and Leasehold Interests. All real property and improvements owned by Schuxx xx any Schuxx Xxxsidiary (the "Real Property") and all leases of real property under which Schuxx xx any Schuxx Xxxsidiary is a lessee or sublessee (the "Leases") are set forth in the Disclosure Memorandum. Schuxx xx a Schuxx Xxxsidiary, as the case may be, has good and marketable indefeasible fee simple title to the Real Property free and clear of all liens, charges, security interests, easements, reservations, restrictions, encumbrances and other defects of title (collectively, "Encumbrances"), other than exceptions set forth in the Disclosure Memorandum (the "Exceptions") which Exceptions do not have a material adverse effect on the current use or occupancy of the Real Property or the value thereof. Schuxx xxx delivered to Oakwood copies of all Leases, including all amendments or supplements thereto and all notices from the landlord thereunder or its leasing agent with respect thereto, all of which are set forth in the Disclosure Memorandum. Schuxx xx the Schuxx Xxxsidiary, as the case may be, has a valid and enforceable leasehold interest under all of the Leases, subject only to the terms and conditions set forth in the Leases and the effect of any applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors' rights generally and subject to the effect of general principles of equity, including without limitation concepts of materiality, reasonableness, good faith and the possible unavailability of specific performance or injunctive relief, regardless of whether considered in a proceeding in equity or at law. Neither Schuxx xxx any Schuxx Xxxsidiary is in default under any Lease, and there does not exist any event which with notice or the lapse of time or both would constitute a default by either Schuxx xx any Schuxx Xxxsidiary thereunder, except for such defaults that in the aggregate would not constitute a Schuxx Xxxerial Adverse Effect. To the best knowledge of Schuxx xxx each Schuxx Xxxsidiary, the landlord under each Lease is not in default thereunder and there does not exist any event which with notice or the lapse of time or both would constitute a default by such landlord thereunder, except for such defaults that in the aggregate would not constitute a Schuxx Xxxerial Adverse Effect. To the best knowledge of Schuxx xxx any Schuxx Xxxsidiary, each landlord under the Leases has good and marketable fee simple title to the premises leased under the Lease, subject...
Real Property and Leasehold Interests. (a) Neither the Corporation nor Glutino USA is, nor have they ever been since November 10, 2004, and to the knowledge of the Vendor, neither the Corporation nor Glutino USA has ever been at any time prior to November 10, 2004, the owner (or the beneficial or registered owner, as applicable) of and neither the Corporation nor Glutino USA has ever agreed to acquire any real or immovable property (“Real Property”) or any interest in any Real Property, other than as a lessee. Neither the Corporation nor Glutino USA is a party to any Lease or agreement in the nature of a Lease in respect of any Real Property, whether as lessor or lessee, other than the Leases (collectively, the “Canadian and U.S. Leases”) for each of the premises described in Schedule 4.17 (the “Leasehold Premises”). Neither the Corporation nor Glutino USA nor, to the knowledge of the Vendor, any other party thereto is in breach of any covenants, conditions or obligations contained in the Canadian and U.S. Leases. The Vendor have provided true and correct copies of the Canadian and U.S. Leases to the Purchaser. None of the Canadian or U.S. Leases with respect to the Leasehold Premises located in Canada are registered in any land registry. All buildings, structures, improvements, appurtenances, fixtures and movables owned or leased by the Corporation or Glutino USA, including without limitation those situated on the Leasehold Premises, are in good operating condition, subject to normal wear and tear, and in a state of good maintenance and repair, are adequate and suitable for the purposes for which they are currently being used.
Real Property and Leasehold Interests. (a) Neither the Company nor any of its Subsidiaries owns any real property.
