Real Property; Environmental Liability Sample Clauses
The Real Property; Environmental Liability clause defines the responsibilities and obligations of parties regarding environmental conditions and liabilities associated with real estate involved in a transaction. Typically, this clause outlines which party is responsible for identifying, disclosing, and remediating any environmental contamination or hazards present on the property, such as soil pollution or hazardous waste. Its core function is to allocate risk and clarify liability for environmental issues, thereby protecting parties from unexpected costs or legal exposure related to environmental laws and regulations.
Real Property; Environmental Liability. (a) Neither Professionals Group nor any Subsidiary of Professionals Group owns any right, title or interest in any real property except as described on the Professionals Group Disclosure Schedule (collectively, the "Professionals Group Real Property"). The Professionals Group Disclosure Schedule sets forth a complete and accurate list and general description of all material leases for real property ("Professionals Group Real Property Leases") to which Professionals Group or any Subsidiary of Professionals Group is a party or by which any of them are bound. Professionals Group or a Subsidiary of Professionals Group owns all right, title and interest in, and has good and marketable title to, the Professionals Group Real Property and Professionals Group and each Subsidiary of Professionals Group have valid leasehold interests in each of the Professionals Group Real Property Leases held by any of them, free and clear of all mortgages, options to purchase, covenants, conditions, restrictions, easements, liens, security interests, charges, claims, assessments and encumbrances, except for (i) rights of lessors, co-lessees or sublessees that are reflected in each Professionals Group Real Property Lease, (ii) current taxes not yet due and payable; (iii) Liens of public record; and (iv) such nonmonetary imperfections of title and encumbrances, if any, as do not materially detract from the value of or materially interfere with the present use of such property. To the best knowledge of Professionals Group, the activities of Professionals Group and its Subsidiaries with respect to all real property and Professionals Group Real Property Leases owned or held by each of them for use in connection with their respective operations are in all material respects permitted and authorized by applicable zoning laws, ordinances and regulations and all laws, rules and regulations of any court, administrative agency or commission or other governmental authority or instrumentality affecting such properties. Professionals Group and its Subsidiaries enjoy peaceful and undisturbed possession under all material Professionals Group Real Property Leases to which they are parties, and all of such Professionals Group Real Property Leases are valid and in full force and effect.
(b) There are no legal, administrative, arbitral or other proceedings, claims, actions, causes of action, private environmental investigations or remediation activities or governmental investigations of any nature seek...
Real Property; Environmental Liability. (a) Neither Medmarc nor any Medmarc Subsidiary owns any right, title or interest in any real property. Section 4.19(a) of the Medmarc Disclosure Schedule sets forth a complete and accurate list and general description of all material leases for real property (“Medmarc Real Property Leases”) to which Medmarc or any Medmarc Subsidiary is a party or by which any of them are bound. Medmarc or any Medmarc Subsidiary has a valid leasehold interest in each Medmarc Real Property Leases, in each case free and clear of all Liens except for (i) rights of lessors, co-lessees or sublessees that are reflected in each Medmarc Real Property Lease; (ii) current taxes not yet due and payable; and (iii) such nonmonetary imperfections of title and encumbrances, if any, as do not materially detract from the value of or materially interfere with the present use of the subject property. To the Knowledge of Medmarc, the activities of Medmarc and the Medmarc Subsidiaries with respect to all Medmarc Real Property Leases used in connection with their operations are in all material respects permitted and authorized by applicable zoning laws, ordinances and regulations. 27
(b) Medmarc and the Medmarc Subsidiaries enjoy peaceful and undisturbed possession under all Medmarc Real Property Leases. Medmarc has made available to PRA complete and correct copies of all of the Medmarc Real Property Leases. Each Medmarc Real Property Lease is (assuming due power and authority of, and due execution by, the other party) in full force and effect and is legally valid, binding and enforceable against Medmarc or the applicable Medmarc Subsidiary and, to the Knowledge of Medmarc, the third party thereto in accordance with its terms (except as may be limited by bankruptcy, fraudulent conveyance, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies). There are no monetary defaults and no material nonmonetary defaults by Medmarc or any Medmarc Subsidiary, or, to the Knowledge of Medmarc, any other party, under any Medmarc Real Property Lease. Neither Medmarc nor any Medmarc Subsidiary has received written or, to the Knowledge of Medmarc, oral notice of any default, offset, counterclaim or defense under any Medmarc Real Property Lease. Except as set forth in Section 4.5(b)(ii)(y) of the Medmarc Disclosure Schedule, no condition or event has occurred which with the passage of time or the giving of notice or both would ...
Real Property; Environmental Liability. (a) Best owns no right, title or interest in any real property except as described on the Best Disclosure Schedule (collectively, the "Best Real Property"). The Best Disclosure Schedule sets forth a complete and accurate list and general description of all material leases for real property ("Best Real Property Leases") to which Best is a party or by which it is bound. Best owns all right, title and interest in, and has good and marketable title to, the Best Real Property. Best has valid leasehold interests in each of the Best Real Property Leases held by it, free and clear of all mortgages, options to purchase, covenants, conditions, restrictions, easements, liens, security interests, charges, claims, assessments and encumbrances, except for (i) rights of lessors, co-lessees or sublessees that are reflected in each Best Real Property Lease, (ii) current taxes not yet due and payable; (iii) Liens of public record; and (iv) such nonmonetary imperfections of title and encumbrances, if any, as do not materially detract from the value of or materially interfere with the present use of such property. To the best knowledge of Best, the activities of Best with respect to Best Real Property and Best Real Property Leases owned or held by it for use in connection with its operations are in all material respects permitted and authorized by applicable zoning laws, ordinances and regulations and all laws, rules and regulations of court, administrative agency or commission and other governmental authority or instrumentality affecting such properties. Best enjoys peaceful and undisturbed possession under all material Best Real Property Leases to which it is a party, and all of such Best Real Property Leases are valid and in full force and effect.
(b) There are no legal, administrative, arbitral or other proceedings, claims, actions, causes of action, private environmental investigations or remediation activities or, to the best knowledge of Best, governmental investigations of any nature seeking to impose, or that could reasonably be expected to result in the imposition of, on Best any liability or obligation arising under common law or under any local, state or federal environmental statute, regulation or ordinance (including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended ("CERCLA")), pending or (to the best knowledge of Best) threatened against Best, which liability or obligation could reasonably be expected to have a Materi...
Real Property; Environmental Liability. (a) Neither PPTF nor the PPTF Subsidiary owns any right, title or interest in any real property. The PPTF Disclosure Schedule sets forth a complete and accurate list and general description of all material leases for real property ("PPTF Real Property Leases") to which PPTF or the PPTF Subsidiary is a party or by which either of them is bound. PPTF and the PPTF Subsidiary have valid leasehold interests in each of the PPTF Real Property Leases held by any of them, free and clear of all mortgages, options to purchase, covenants, conditions, restrictions, easements, liens, security interests, charges, claims, assessments and encumbrances, except for (i) rights of lessors, co-lessees or sublessees that are reflected in each PPTF Real Property Lease, (ii) current taxes not yet due and payable; (iii) Liens of public record; and (iv) such nonmonetary imperfections of title and encumbrances, if any,
Real Property; Environmental Liability. (a) The Company does not own any right, title or interest (including any leasehold interest) in any real property.
(b) The Company is and has been in compliance with all Environmental Laws and all Environmental Permits. There are no legal, administrative, arbitral or other Proceedings, claims, actions, causes of action, private environmental investigations or remediation activities or governmental investigations of any nature seeking to impose on the Company, or that could reasonably be expected to result in the imposition on the Company of, any Liability or obligation arising under any Environmental Law. There is no reasonable basis for any such proceeding, claim, action, investigation or remediation activity. The Company is not subject to any agreement, order, judgment, decree, letter or memorandum by or with any Governmental Authority or private Person imposing any liability or obligation under any Environmental Law. For purposes of this Section 2.16, the “Company” includes any Person that is, in whole or in part, a predecessor of the Company.
Real Property; Environmental Liability. (a) Neither PIC WISCONSIN nor any PIC WISCONSIN Subsidiary owns any right, title or interest in any real property except as described on Section 4.19(a) of the PIC WISCONSIN Disclosure Schedule (collectively, the "PIC WISCONSIN Real Property").