Common use of Status of Leases Clause in Contracts

Status of Leases. Each of the Leases is valid and in full force and effect, has not been further modified or amended and is assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller or, to the best of the Seller's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller or, to the best of the Seller's knowledge, by the other party thereunder. The Seller has the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller shall not modify any of the Leases in any material manner. The Seller shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.

Status of Leases. Each of the Leases is valid and in full force and effect, has have not been further modified or amended and is assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller or, to the best of the Seller's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller or, to the best of the Seller's knowledge, by the other party thereunder. The Seller has the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller shall not modify any of the Leases in any material manner. The Seller shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.

Status of Leases. Each of the Leases is and the Land Lease are valid and in full force and effect, has have not been further modified or amended and is and, except for the Land Lease, are assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller or, to the best of the Seller's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller or, to the best of the Seller's knowledge, by the other party thereunder. The Seller has the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller shall not modify any of the Leases in any material manner. The Seller shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.

Status of Leases. Each of the Leases is valid and in full force and ------------------- effect, has have not been further modified or amended and is assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller or, to the best of the Seller's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller or, to the best of the Seller's knowledge, by the other party thereunder. The Seller has the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller shall not modify any of the Leases in any material manner. The Seller shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.

Status of Leases. Each of the Leases is valid and in full force ----------------- and effect, has have not been further modified or amended and is assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller or, to the best of the Seller's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller or, to the best of the Seller's knowledge, by the other party thereunder. The Seller has have the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller shall not modify any of the Leases in any material manner. The Seller shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.

Status of Leases. Each of the Leases is valid and in full force and effect, has have not been further modified or amended and is assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller Sellers or, to the best of the SellerSellers's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller Sellers or, to the best of the SellerSellers's knowledge, by the other party thereunder. The Seller has Sellers have the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller Sellers shall not modify any of the Leases in any material manner. The Seller Sellers shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.

Status of Leases. Each of the Leases is valid and in full force and ----------------- effect, has have not been further modified or amended and is assignable to Purchaser without the consent of the other party thereto. There are no defaults under any of the Leases by the Seller or, to the best of the Seller's knowledge, by the other party thereunder, and no fact or circumstance has occurred that, by itself or with the giving of notice or the passage of time or both, would constitute such a default by the Seller or, to the best of the Seller's knowledge, by the other party thereunder. The Seller has have the sole right to collect the rent under the Leases and neither such right nor any of the Leases has been assigned, pledged, hypothecated or otherwise encumbered. From the date hereof through and including the date of Closing, the Seller shall not modify any of the Leases in any material manner. The Seller shall perform all of its obligations under the Leases from the date hereof through and including the date of Closing.