Real property, environment Sample Clauses

Real property, environment. (i) Subject to the terms of the documents under which such property is held, CRG has now, and Screening will have a valid and subsisting leasehold estate in and the right to quiet enjoyment of each parcel of real property leased, utilized and/or operated by Screening as at Closing for the full term of the leases (including renewal periods) relating thereto. Each such lease is a legal, valid and binding agreement, enforceable in accordance with its terms in all material respects, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general principles of equity, of CRG and Screening, and there is no, and neither CRG nor Screening has received notice of any, default (or any condition or event which, after notice or lapse of time or both, would constitute a default) thereunder. (ii) Neither CRG nor Screening has engaged in any activity in violation of any law or regulation relating to the environment and/or the handling, storage, disposal or release of toxic or hazardous materials, nor, so far as Screening and CRG are aware, is there any fact or circumstance which could involve Screening in any litigation or liability concerning any such law or regulation.

Real property, environment. (i) Subject to the terms of the documents under which such property is held, ABI has a valid and subsisting leasehold estate in and the right to quiet enjoyment of each parcel of real property leased, utilized and/or operated by ABI for the full term of the leases (including renewal periods) relating thereto. Each such lease is a legal, valid and binding agreement, enforceable in accordance with its terms in all material respects, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general principles of equity, of ABI, and there is no, and ABI not has received notice of any, default (or any condition or event which, after notice or lapse of time or both, would constitute a default) thereunder. (ii) ABI does not engage in any activity in violation of any law or regulation relating to the environment and/or the handling, storage, disposal or release of toxic or hazardous materials, nor, so far as ABI and INTX are aware, is there any fact or circumstance which could involve ABI in any litigation or liability concerning any such law or regulation.