Real Property and Real Property Leases. Part 10(a) of the Schedule contains a true and complete list of (i) all real property owned by the Corporation and the Subsidiaries together with a summary description of the buildings and improvements thereon and the method by which such real property is depreciated for tax and book purposes, (ii) all real estate leases to which the Corporation or any Subsidiary is a party together with a summary description of the buildings and improvements thereon, the address of each property, the name of each landlord and tenant and the expiration date of each lease, and (iii) all other interests, if any, in real property owned or claimed by the Corporation or any Subsidiary. To the Indemnitors' knowledge, the Corporation and Subsidiaries have all easements and rights, including parking rights and easements for power lines, water lines, roadways and other access, necessary to conduct the businesses they now conduct and enjoy peaceful and undisturbed possession of all properties occupied by them. Neither the whole nor any portion of any real property owned, occupied or leased to or by the Corporation or any Subsidiary has been rezoned or condemned or otherwise taken by any public authority and, to the Indemnitors' knowledge, no such rezoning, condemnation or other taking is threatened or contemplated. To the Indemnitors' knowledge, none of the real properties owned, occupied or leased to or by the Corporation or any Subsidiary, or the occupancy or operation thereof, constitutes a nuisance or violation of any law or any building, zoning or other ordinance, code or regulation or any private or public covenant or restriction, and no notice from any governmental body or other Person has been served upon the Corporation or any Subsidiary claiming any violation of any such law, ordinance, code, regulation, covenant or restriction, or requiring or calling attention to the need for any work, repairs, construction, alterations or installations on or in connection with any of such properties which has not been complied with except to the extent set forth in Part 10(b) of the Schedule. All leases of real property to which the Corporation or any Subsidiary is a party are valid, binding and in full force and effect, and, to the Indemnitors' knowledge, there exists no default thereunder by any party thereto, nor any events which, with notice or lapse of time, or both, would constitute a default, and all amounts heretofore payable under such leases have been paid in full. True, corre...
Real Property and Real Property Leases. (a) The Company does not own any real property.
Real Property and Real Property Leases. The Disclosure Schedule contains a true and complete list of (a) all real property owned by the Kalitta Companies or AIC, (b) all real estate leases to which any of the Kalitta Companies or AIC is a party, and (c) all other material interests, if any, in real property owned or claimed by the Kalitta Companies or AIC. To the Knowledge of Kalitta Management, the Kalitta Companies and AIC have all material easements and rights, including parking rights and easements for power lines, water lines, roadways and other access, necessary to conduct the businesses they now conduct and enjoy peaceful and undisturbed possession of all properties occupied by them. To the Knowledge of Kalitta Management, neither the whole nor any portion of any real property owned, occupied or leased to or by the Kalitta Companies and AIC has been rezoned or condemned or otherwise taken by any public authority and, to the Knowledge of Kalitta Management, no such rezoning, condemnation or other taking is threatened or contemplated. None of the real properties owned, occupied or leased to or by the Kalitta Companies and AIC, or the occupancy or operation thereof, constitutes a nuisance or violation of any law or any building, zoning or other ordinance, code or regulation or any private or public covenant or restriction, and no written notice from any governmental body or other Person has been served upon the Kalitta Companies and AIC claiming any outstanding violation of any such law, ordinance, code, regulation, covenant or restriction, or requiring or calling attention to the need for any material amount of work, repairs, construction, alterations or installations on or in connection with any of such properties which has not been complied with. All leases of real property to which any of the Kalitta Companies or AIC is a party are valid, binding and in full force and effect, and, there exists no material default thereunder by the Kalitta Companies or, to the Knowledge of Kalitta Management, any other party thereto, nor any events which, with notice or lapse of time, or both, would constitute a material default by the Kalitta Companies thereunder, and all rents heretofore payable under such leases have been paid in full. The Kalitta Companies shall deliver to Kitty Hawk
Real Property and Real Property Leases. The Company owns no real -------------------------------------- estate. The Schedule of Leases attached as Exhibit I contains an accurate and complete list and description of the material terms (address, rental rate, term) of all real property leases to which the Company is a party. Each lease set forth in such Schedule is in full force and effect; in each case, the lessee has been in peaceable possession since the commencement of the original term of such lease; and there exists no event of default or event, occurrence, condition or act (including the transactions anticipated hereby) which, with the giving of notice, the lapse of time or the happening of any further event or condition, would become a default under such lease. The properties leased by the Company are in a state of good maintenance and repair and are being used. With respect to real property leased by the Company, (a) the Company's operation of such property has, to its knowledge, been, throughout the term of such use, in compliance with all federal, state and local laws concerning the environment and hazardous materials; (b) the Company has not received a notice of violation or similar notice from any governmental authority or insurance company relating to the use, operation or maintenance of such real properties; (c) there has been no condemnation or eminent domain proceedings commenced or to the Company's knowledge threatened; and (d) no environmental audit report or other evaluations of such real properties have been commissioned or prepared by the Company.
Real Property and Real Property Leases. Schedule 1.1.6 attached hereto accurately lists and describes all of the real property owned or otherwise held or used by the Station which is being assigned or transferred to the Buyer. The Real Property comprises all real property interests necessary to conduct the business or operations of the Station as now conducted, for the periods stated therein, except as otherwise specified herein. Seller represents that the Real Property is acccessible by public roads. Except as indicated in Schedule 1.1.6, the Real Property and the structures located thereon, and the present uses thereof, conform in all respects with all material restrictive covenants and with all applicable zoning, environmental, and building codes, laws, rules and regulations. There are no pending or, to the best of Seller's knowledge, threatened condemnation or eminent domain proceedings that may have a material adverse effect on Buyer's use of the real property for the operation of the Station after Closing. There are no structural defects in the towers, buildings, structures and other improvements located on the real property. All utilities that are necessary for the present operation of the Station have been connected to the Real Property and are in working order. To the best of Seller's knowledge, no utility lines serving the Station pass over the lands of others except where appropriate easements or licenses have been obtained. Seller's use and occupancy of the Real Property comply in all material respects with all regulations, codes, ordinances, and statutes of all Governmental Authorities, including without limitation all zoning, health, environmental protection and sanitary regulations and all occupational safety and health regulations. The transmitting facilities of the Station, including the tower, guy wires and ground systems, on the Closing Date are located entirely on the confines of the Real Property.
Real Property and Real Property Leases. The Company owns no real property or interests therein, and is not a party to, or bound by, any leases or subleases of any real property, other than its interests in the Lands, the Leases and the Major Facilities.
Real Property and Real Property Leases. (a) Schedule 3.22(a) to the Company Disclosure Schedule sets forth an accurate, correct and complete list of each parcel of real property owned by the Company (the "REAL PROPERTY"), including a street address, and a list of all leases, contracts or other agreements to which the Company is a party and affecting the Real Property or any interest therein. The Company has delivered to Parent accurate, correct and complete copies of all such leases, contracts, and agreements. The Company is the sole and exclusive legal and record owner of and has good and marketable title in fee simple absolute to, and is in possession of, all Real Property, including the buildings, structures, fixtures and improvements situated thereon and appurtenances thereto, including such right of ways and easements running toward the benefit of such Real Property, in each case free and clear of all tenancies and other possessory interests, security interests, conditional sale or other title retention agreements, Liens, assessments, easements, rights of way, covenants, restrictions, reservations, options, rights of first refusal, defects in title, encroachments and other burdens, except the leases, contracts, agreements and other matters set forth on Schedule 3.22(a) to the Company Disclosure Schedule or except those that do not materially and adversely affect the current use and operation of such properties. All leases, contracts and agreements to which the Company is a party and affecting the Real Property are set forth on Schedule 3.22(a) to the Company Disclosure Schedule and are legally valid and binding and in full force and effect, and there are no defaults, offsets, counterclaims or defenses thereunder, and the Company has received no notice of default, offset, counterclaim or defense under any such contracts.
Real Property and Real Property Leases. (a) Except as set forth in Schedule 3.21(a) to the Company and Company Stockholders Disclosure Schedule, the Company does not own any real property.
Real Property and Real Property Leases. Neither the Seller nor any Subsidiary owns any real property in connection with the Purchased Business. In respect of the Purchased Business, neither the Seller nor any Subsidiary is a party to any lease or agreement to lease in respect of any real property, whether as lessor or lessee, other than the Leases of Real Property described in Schedule 2.1(a) relating to the Leased Property. Schedule 2.1(a) sets out the parties to each of the Leases of Real Property and their dates of execution or effective dates. The Seller has provided to the Buyer a true and complete copy of each of the Leases of Real Property and all amendments thereto. Except as described in Schedule 2.1(a):
Real Property and Real Property Leases. CSI does not own any real -------------------------------------- property. Disclosure Schedule 3.12 sets forth the name, parties, and date of ------------------------ each lease and sublease of real property that is occupied by CSI ("CSI Leases"), and the address of each parcel of leased real property and a list of all amendments to such CSI Leases. Each CSI Lease is in full force and effect and there is no default asserted thereunder by any party thereto and, to the Stockholders' knowledge, there are no unasserted defaults (including any events which with the passage of time or giving of notice or both would constitute a default). True, correct and complete copies of all the CSI Leases, as amended to date, have been delivered to ZMAX. CSI has not been notified that the use and operation of any of the real properties leased by CSI does not conform to applicable building, zoning, safety, environmental, and other laws, ordinances, regulations, codes, permits, licenses, and certificates and all restrictions and conditions affecting title, except where the failure to conform would not have an CSI Material Adverse Effect.
