Real Property; Lease Agreements. Except as set forth in Section 3.13 of the Disclosure Schedule the Company or its applicable Company Subsidiary has (a) good and insurable title or (b) good and valid leasehold interest in and to each material parcel of real property owned or leased, as applicable, by the Company or any Company Subsidiary, subject to any liens or exceptions (other than liens arising pursuant to any mortgages, deeds of trust or similar instruments granted by the Company, which shall be set forth in Section 3.13 of the Disclosure Schedule) that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. Neither the Company nor the applicable Company Subsidiary has received written notice of any material condemnation, rezoning or taking actions pending, or to the Knowledge of the Company, threatened, with respect to any material parcel of owned real property.
Real Property; Lease Agreements. Neither the Company nor any of its Subsidiaries owns any real property. Neither the Company nor any of its Subsidiaries has any options, obligations, rights of first refusal or rights of first offer to lease or to acquire any real property. Section 2.8 of the Disclosure Schedule contains an accurate and complete list of all real property interests leased, subleased, licensed or occupied by the Company or one of its Subsidiaries pursuant to a lease, sublease, use and occupancy or other similar agreement under which the Company or such Subsidiary is a lessee, sublessee, licensee or occupant (including all amendments, guarantees, and other material agreements related thereto, collectively, the “Company Leases” and the leased premises, subleased premises, licensed area or occupancy area specified in such leases, subleases and/or use or occupancy agreements being referred to herein collectively as the “Company Properties”), including the address and lessee, sublessee, licensee or occupant under such Company Leases. All the Company Leases are in full force and effect and are valid and binding obligations of the Company or its applicable Subsidiary, enforceable against the Company or such Subsidiary and, to the Knowledge of the Company, against the lessor parties thereto in accordance with their respective terms. Accurate and complete copies of all Company Leases have been made available to Purchaser. The Company Properties constitute all the interests in real property currently used or currently held for use in connection with the business of the Company and its Subsidiaries. There is no breach of or default under the terms of any Company Lease and, to the Knowledge of the Company, no event has occurred that, with notice or lapse of time or both, would constitute such breach of or default or permit termination, modification or acceleration of such Company Lease. No landlord, sublandlord or owner under any Company Lease has exercised any option or right to cancel or terminate such Company Lease or shorten or lengthen the term thereof, lease additional premises, reduce, expand or relocate the premises demised by such Company Lease. Neither the Company nor any of its Subsidiaries have assigned, transferred or pledged any interest in any Company Lease or sublet any portion of the Company Properties. The Company Properties are sufficiently supplied in all material respects with utilities and other services as necessary for the operation of such Company Properties. Th...
Real Property; Lease Agreements. The Partners have heretofore delivered to the Purchasers or Quanta true, correct and complete copies of the agreements, instruments and documents related to the leasing of the Leased Real Property, together with all amendments, modifications and supplements, if any, thereto (the “Real Property Leases”). Schedule 2.6 also identifies with respect to each of the Real Property Leases: (i) the identity of the landlord and tenant, (ii) the current expiration date of the Real Property Lease or if such Real Property Lease is operated on a month-to-month basis, (iii) the current annual or monthly rental payment, as applicable, and (iv) the location of the Leased Real Property. No Acquired Company has sent or received any written notice of assessments, including threatened or otherwise, general or specific, which have been or are in the process of being levied against any of the Leased Real Property under any of the Real Property 23 Leases. Each Acquired Company party to any Real Property Lease has peaceful and undisturbed possession with respect to the Leased Real Property under which such Acquired Company is the lessee, sublessee, licensee, user or occupant. With respect to each Real Property Lease: (1) no Acquired Company is in breach or default under such Real Property Lease, and no event has occurred or circumstance exists which, with the delivery of notice, passage of time or both, would constitute such a breach or default by any Acquired Company or any Related Party or, to the Knowledge of the Partners, any other party thereto, and the applicable Acquired Company has paid all rent due and payable through the Closing Date under such Real Property Lease; (2) no Acquired Company has, and none of the Partners have, received or given any notice of any default or event that with notice or lapse of time, or both, would constitute a default by any Acquired Company or any Related Party under the Real Property Lease and, to the Knowledge of the Partners, no other party is in default thereof, and no party to any Real Property Lease has exercised any termination rights with respect thereto; (3) no Acquired Company has subleased, assigned or otherwise granted the right to use or occupy the Leased Real Property or any portion thereof to any Person (other than to another Acquired Company); (4) no Acquired Company has pledged, mortgaged or otherwise granted a Lien on its leasehold interest in any Leased Real Property that will not be extinguished at Closing; (5) no Acquired ...
Real Property; Lease Agreements. (a) Seller Group Properties. Each Seller Group Company has (i) good and insurable title or (ii) good and valid leasehold interest in and to each material parcel of real property owned or leased, as applicable, by any Seller Group Company (the “Seller Group Properties”). The Seller Group Properties constitute all interests in real property currently used or currently held for use in connection with the business of any of the Seller Group Companies. All of the Seller Group Properties are suitable in all material respects for the purpose of conducting the business of the Seller Group Companies as now conducted.
Real Property; Lease Agreements. No Acquired Company owns any real property. Schedule 3.14 of the Disclosure Schedule contains a list of all lease agreements pursuant to which any real property is being leased to any Acquired Company as of the date of this Agreement.
Real Property; Lease Agreements. Purchaser shall have entered into new lease agreements (the "New Real Estate Leases") with Seller for the first, second and seventh floors of the Main Office and for the entire Little Havana Office, both of which are owned by Seller, providing for, among other provisions, (i) with respect to the Main Office, monthly rental payments of $24.00 per square foot for the first floor, and $20.00 per square foot for the second and seventh floors, (ii) with respect to the Little Havana Office, $23.00 per square foot, (iii) with respect to both the Main Office and the Little Havana Office, the initial term shall be three (3) years and the Purchaser shall have the option, in its discretion, to extend the term for one additional period of three (3) years, upon the same terms as the initial term, except that the rental during the first year of the option term shall be increased by a percentage equal to the Cost of Living Increase since the beginning of the initial term, and the rental for the second year of the option term shall be increased by a percentage equal to the Cost of Living Increase for the first year of the option term, and (iv) with respect to the Main Office and the Little Havana Office, the lease shall be a triple net lease, but with Seller being responsible to maintain the roof and structural components. The forms of such lease agreements are attached hereto as Exhibit F. Parent shall have executed a Guaranty in form and substance satisfactory to Seller of Purchaser's obligations under the New Real Estate Leases ("Lease Guaranty").
Real Property; Lease Agreements. The Company does not own any real property or interests in real property. Part 2.6 of the Disclosure Schedule contains a list of all lease agreements pursuant to which any real property is currently leased to the Company (the “Real Property Lease Agreements”). Other than the Real Property Lease Agreements, the Company does not hold any leasehold interest or other interest in real property, and the Company is not party to any agreement obligating any of them to enter into any lease of real property or to acquire any other interest in real property. Other than by the instruments referred to in Part 2.6 of the Disclosure Schedule, the Real Property Lease Agreements have not been amended or modified and no material consent or waiver has been granted with respect to any of the terms thereof.
Real Property; Lease Agreements. The Company does not own any real property. Section 2.4 of the Company Disclosure Schedule contains a list of all lease agreements pursuant to which any real property is currently leased to the Company. The Company has delivered to Parent or Parent’s legal or financial advisor correct and complete copies of all such leases listed on Section 2.4 of the Company Disclosure Schedule. With respect to any real property that is currently leased by the Company, (i) the lease or sublease for such property is valid, legally binding, enforceable in accordance with its terms and in full force and effect, and the Company is not in breach of or default under such lease or sublease, and no event has occurred which, with notice, lapse of time or both, would constitute a breach or default by the Company or permit termination, modification or acceleration by any third party thereunder, and (ii) no third party lessor has repudiated or has the right to terminate or repudiate such lease or sublease (except for the normal exercise of remedies in connection with a default thereunder or any termination rights set forth in the lease or sublease) or any provision thereof, except in each case, for such invalidity, failures to be binding, unenforceability, ineffectiveness, breaches, defaults, terminations, modifications, accelerations, repudiations and rights to terminate or repudiate that would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect on the Company.
Real Property; Lease Agreements. The Company does not own any real property. Section 2.8 of the Disclosure Schedule contains a true and complete list of all real property interests leased by the Company pursuant to a lease, sublease, use and occupancy or other similar agreement under which the Company is a lessee (collectively, the “Company Leases” and the leased premises specified in such leases being referred to herein collectively as the “Company Properties”), including the address and lessee under such Company Leases. All the Company Leases are in full force and effect and are valid and binding obligations of the Company, enforceable against the Company and, to the Knowledge of the Company, against the lessor parties thereto in accordance with their respective terms. Accurate and complete copies of all Company Leases have been made available to Parent. The Company Properties constitute all the interests in real property currently used or currently held for use in connection with the business of the Company. The Company is not in breach of or default under the terms of any Company Lease and, to the Knowledge of the Company, no event has occurred that, with notice or lapse of time or both, would constitute such breach of or default or permit termination, modification or acceleration of such Company Lease. No landlord under any Company Lease has exercised (or communicated an intent to exercise) any option or right to cancel or terminate such Company Lease or shorten or lengthen the term thereof, lease additional premises, reduce, expand or relocate the premises demised by such Company Lease. The Company Properties are sufficiently supplied in all material respects with utilities and other services as necessary for the operation of such Company Properties, are in commercially reasonable condition, and are adequate and suitable for the purposes to which they are put to use by Company.
Real Property; Lease Agreements. The company does not own any real state. The activity of the company is carried out in the offices leased by the company, copy of the lease agreement dated 1 March 1999 is attached as APPENDIX 3. The address of such offices is C/ Las Torrxx xxxber 58, Sant Joan Xxxxx (Xxrcelona).
