Common use of Real Property; Assets Clause in Contracts

Real Property; Assets. (a) Each parcel of real property owned by the Purchaser or any Purchaser Subsidiary (i) is owned free and clear of all Encumbrances, other than Permitted Encumbrances, and (ii) is neither subject to any Governmental Order or order to be sold nor is being condemned, expropriated or otherwise taken by any public authority with or without payment of compensation therefor, nor, to the Purchaser’s Knowledge, has any such condemnation, expropriation or taking been proposed, in each case, except as would not reasonably be expected to have a Purchaser Material Adverse Effect.

Real Property; Assets. (a) Each parcel of real property owned by the Purchaser any Company, any Subsidiary or any Purchaser Subsidiary Group Company (i) is owned free and clear of all Encumbrances, other than Permitted Encumbrances, and (ii) is neither subject to any Governmental Order or order to be sold nor is being condemned, expropriated or otherwise taken by any public authority with or without payment of compensation therefor, nor, to the PurchaserSeller’s Knowledge, has any such condemnation, expropriation or taking been proposed, in each case, except as would not reasonably be expected to have a Purchaser Seller Material Adverse Effect.