Real Property Representations Clause Samples

Real Property Representations. Except as set forth in Section 6(h)(iii) of the Disclosure Schedule, no work has been performed on or with respect to or in connection with the Real Property that would cause the Real Property to become subject to any mechanics', materialmen's, workmen's, repairmen's, carriers' or similar liens aggregating in excess of $15,000. The structures, plants, improvements, systems and fixtures (excluding storage tanks or other impoundment vessels, whether above or below ground) located on the Real Property conform with all Federal, state and local statutes and laws and all ordinances, rules, regulations and similar governmental and regulatory requirements applicable to their current uses (except as set forth in Section 6(h)(iii) of the Disclosure Schedule, and except for Environmental Laws which are addressed exclusively in Section 6(r)) and are in good operating condition and repair, ordinary wear and tear excepted. The Real Property, in view of the purposes for which it is currently used, conforms with all covenants or restrictions of record and conforms with all applicable building codes and zoning requirements; to the Knowledge of Seller, current, valid certificates of occupancy (or equivalent governmental approvals) have been issued for the Real Property to the extent required by law; and Seller has no Knowledge of any proposed material change in any such governmental or regulatory requirements or in any such zoning requirements. Except as set forth in Section 6(h)(iii) of the Disclosure Schedule, all existing electrical, plumbing, fire sprinkler, lighting, air conditioning, heating, ventilation, elevator and other mechanical systems located in or about the Real Property are in good operating condition and repair, ordinary wear and tear excepted. Seller has all easements, rights-of-way and similar rights necessary to conduct the Business as presently conducted and to use the Real Property as currently used, including, without limitation, easements and licenses for pipelines, power lines, water lines, roadways and other access. All such easements and rights are valid, binding and in full force and effect, any amounts due and payable thereon to date have been paid or have been fully accrued for in the books and records of Seller, neither Seller nor any other party thereto is in default thereunder, and there exists no event or condition affecting Seller or any other party thereto, which, with the passage of time or notice or both, would constitute a material def...