Title to and Condition of Real Property. (a) Seller does not own any fee title in any real property used or held for use in the Business.
Title to and Condition of Real Property. (a) Schedule 1.2(b) contains descriptions of all of Seller's interests, including leasehold interests, easements and rights in and agreements with respect to the Real Property. The Real Property and the use thereof by Seller comply in all respects with all applicable laws, statutes, ordinances, rules and regulations of federal, state and local governmental authorities, including, without limitation, those relating to zoning. All improvements upon the Real Property and the present use thereof at Closing comply or conform in all material respects with all deed restrictions, restrictive covenants, building codes, and federal, state and local laws, regulations and ordinances, and no permits, licenses or certificates pertaining to ownership or operation of the Real Property, other than those that are transferable with the Real Property, are required by any federal, state or local government, agency, board or other governmental authority having jurisdiction over the Real Property. All improvements are in good working condition and repair, insurable at standard rates, and in compliance with the rules and regulations of the FCC, the Federal Aviation Administration and all other applicable federal, state and local statutes, ordinances, rules and regulations. There are no structural, electrical, mechanical, plumbing, air conditioning, heating or other defects in the improvements on the Real Property. All towers located upon the Real Property are structurally sound, comply with current wind-loading requirements and not be in need of repair or maintenance. There are no modifications or improvements to the Real Property required to bring it into compliance with any law, notwithstanding that Seller's current operations on the Real Property may be grandfathered or otherwise subject to an exception, exemption or waiver. Seller has paid, or shall have paid prior to Closing all amounts owed to any contractor, architect or subcontractor for labor or materials performed, rendered or supplied in connection with the Real Property, all contributions required to have been paid by a landlord or Seller in connection with the construction of, or modification to, any leased Real Property have been paid.
Title to and Condition of Real Property. Schedule 3.5 contains a complete and accurate description of all the Real Property and each Seller’s interests therein (including whether the Seller’s interest in the Real Property is fee simple, leasehold, subleasehold or otherwise, and the street address of each such tract of Real Property), and Seller’s have provided Buyer with true and correct copies of any and all leases, subleases, licenses and other contracts (collectively, the “Leases”) for any interest in the Real Property. With respect to each leasehold or subleasehold interest included in the Real Property, (i) each of the Leases are in full force and effect, (ii) to the best of Sellers’ knowledge, no landlord, sublandlord or licensor under any Lease is in default thereunder, and (iii) so long as Sellers fulfill their obligations under the lease therefor, Sellers have enforceable rights to nondisturbance and quiet enjoyment, and no third party holds any interest in the leased premises with the right to foreclose upon Sellers’ leasehold or subleasehold interest except as disclosed in Schedule 3.5. A Seller has good, indefeasible and marketable fee simple title to all of the owned Real Property free and clear of all liens, mortgages, pledges, covenants, easements, restrictions, leases, charges and other claims and encumbrances of any nature whatsoever except for recorded easements and subdivision restrictions of record and liens for taxes not yet due and payable and mortgages described in Schedule 3.5. A Seller has the right to quiet enjoyment and possession to the other interests in Real Property. The Real Property is in compliance in all material respects with all applicable ordinances, subdivision, building, zoning and other applicable laws. No action or proceeding has been commenced or remains pending, nor to the best knowledge of Sellers, is threatened or proposed, to condemn or take by eminent domain or other governmental action all or any portion of the Real Property. The Real Property includes all real property necessary to conduct the business and operations of the Stations as now conducted and the Sellers have full legal and practical access to all the Real Property. The Real Property has unrestricted access to public roads which lie adjacent to and abut the Real Property or which are accessible by, through or under a private easement in favor of a Seller, and there are no encroachments onto or from the Real Property. All facilities on the Real Property are supplied with utilities and ot...
Title to and Condition of Real Property. Schedule 1.2B lists all of the GCI Real Property used in the operation of the GCI Stations, and GCI has good and marketable title, or valid and subsisting leasehold interests, in and to the GCI Real Property. Except as disclosed on Schedule 6.8, all of the GCI Real Property is owned free and clear of all Liens except for Permitted Liens, and with respect to each leasehold or subleasehold interest included in the GCI Real Property, so long as GCI fulfills its obligations under the lease therefor, GCI has enforceable rights to nondisturbance and quiet enjoyment, and no third party holds any interest in the leased premises with the right to foreclose upon GCI's leasehold or subleasehold interest. All improvements on the GCI Real Property are in compliance with applicable zoning and land use laws, ordinances and regulations in all respects necessary to conduct the operation of the GCI Stations operating thereon as presently conducted, except for any instances of noncompliance which do not and will not in the aggregate have a material adverse effect on the owner or lessee, as the case may be, of such GCI Real Property. All such improvements are in good working condition and repair, are insurable at standard rates, and comply in all material respects with FCC rules and regulations and all other applicable Federal, state and local statutes, ordinances and regulations. Except as disclosed on Schedule 6.8, all of the transmitting towers, ground radials, guy anchors, transmitter buildings and related improvements located on the GCI Real Property are located entirely on the GCI Real Property. GCI has no knowledge of any pending, threatened or contemplated action to take by eminent domain or otherwise to condemn any part of the GCI Real Property. With respect to each parcel of GCI Real Property that GCI owns, (i) GCI has obtained and delivered to Cox, at Cox'x xxxense, a commitment for an ALTA Owner's Policy of Title Insurance Form B-1987, in an amount equal to the fair market value of the property and any improvements thereon (as reasonably determined by GCI), insuring title to such parcel, subject only to liens or encumbrances expressly permitted by this Agreement, and (ii) GCI has procured and delivered to Cox, at Cox'x xxxense, a current survey of each parcel of GCI Real Property that GCI owns and for which a title insurance policy has been procured, prepared by a licensed surveyor and conforming to current ALTA Minimum Detail Requirements for Land Title Surveys, ...
Title to and Condition of Real Property. Seller owns no Real Property. All Real Property consists of leasehold interests only. Schedule 3.5 contains a complete and accurate description of all Real Property and Seller's interests therein (including street address, legal description, owner, and use and the location of all improvements thereon). The Real Property listed on Schedule 3.5 comprises all real property interests necessary to conduct the business and operations of the Station as now conducted. With respect to each leasehold or subleasehold interest included in the Real Property being conveyed under this Agreement so long as Seller fulfills its obligations under the lease therefor, Seller has enforceable rights to nondisturbance and quiet enjoyment, and to the best of Seller's knowledge, no third party holds any interest in the leased premises with the right to foreclose upon Seller's leasehold or subleasehold interest. All towers, guy anchors, and buildings and other improvements included in the Assets are located entirely on the Real Property listed in Schedule 3.5. All Real Property (including the improvements thereon) (i) is in good condition and repair consistent with its present use, (ii) is available for immediate use in the conduct of the business and operations of the Station, and (iii) complies in all material respects with all applicable building or zoning codes and the regulations of any governmental authority having jurisdiction. Seller has full legal and practical access to the Real Property.
Title to and Condition of Real Property. (a) Schedule 7.5(a) contains descriptions of all of the fee simple interests in real property owned by the Sellers (the "Owned Real Property"). With respect to each parcel of Owned Real Property: (i) as of Closing, such parcel is free and clear of all Liens (other than any Permitted Lien) and the Sellers have good and marketable fee simple title thereto; (ii) except as set forth in Schedule 7.5(b), there are no leases, subleases, licenses, concessions, or other agreements, written or oral, granting to any Person the right of use or occupancy of any portion of such parcel; and (iii) there are no outstanding options or rights of first refusal to purchase such parcel or any portion thereof or interest therein. The Real Property listed in Schedule 7.5(a) and Schedule 7.5(b) includes all such properties necessary to conduct the business and operation of the Stations as now conducted.
Title to and Condition of Real Property. Neither Dynamotion nor any Previous Subsidiary has ever owned any real property, and Dynamotion does not now own any real property. Schedule 3.1.15 contains a list of all real property currently leased, occupied, or used by Dynamotion (the "Leased Real Property"), including the dates of and parties to all leases and any amendments thereof. All real property previously leased, occupied, or used by Dynamotion, any predecessor company, or any Previous Subsidiary is referred to herein as the "Previously Leased Real Property." All Leased Real Property (including improvements thereon) is in the same condition (ordinary wear and tear excepted) as it was when Dynamotion's lease(s), occupancy, or use began, and is available for immediate use in the conduct of Dynamotion's business. Neither the operations of Dynamotion on any Leased Real Property, nor any improvements on the Leased Real Property, violates any applicable building or zoning code or regulation of any Governmental Entity having jurisdiction. The Leased Real Property includes all such property necessary to conduct the business of Dynamotion. None of the Leased Real Property has been condemned or otherwise taken by public authority and no such condemnation or taking is, to the Knowledge of Dynamotion, threatened or contemplated.
Title to and Condition of Real Property. SCHEDULE 2.5 contains descriptions of all the real property owned or leased by the Company (including the location of all improvements thereon), which comprises all real property interests necessary to conduct the business or operations of the Station as now conducted (the "Real Property"). The Company has good and marketable fee simple title to all of the fee estates listed in SCHEDULE 2.5 free and clear of all liens, mortgages, pledges, covenants, easements, restrictions, encroachments, leases, charges, and other claims and encumbrances except for: (i) mortgages or security interests securing Liabilities reflected on the December 31, 1996 balance sheet included in the Audited Financials, with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists; (ii) liens for real estate taxes not yet due and payable; (iii) easements, rights-of-way, restrictions of record and other items as disclosed on SCHEDULE 2.5; (iv) mechanics' liens and other claims or encumbrances which will be removed prior to or at Closing in accordance with Section 4.1 hereof; and (v) minor imperfections of title which do not materially detract from the value of the Real Property and which will not materially interfere with the use of the Real Property in the manner presently used by the Company in the ordinary course of its business. The improvements upon any Real Property conform in all material respects to all lease restrictions, restrictive covenants, and zoning ordinances. To the Company's and Selling Shareholders' respective Knowledge, no condemnation or construction is pending or proposed which might have a materially adverse affect on the use and value of the Real Property. The leases, agreements and contracts for non-fee estates listed on SCHEDULE 2.5 constitute valid and binding obligations of the Company, and to the Company's and Selling Shareholders' respective Knowledge, of all other parties thereto and are in full force and effect. The Company is not in material default under any of such leases, agreements or contracts, and to the Company's and Selling Shareholders' respective Knowledge, the other parties to such leases, agreements and contracts are not in material default thereunder. Other than the Company and the Company's Affiliates and except for those parties set forth on SCHEDULE 2.5, there are no parties in possession of any portion of the Real Property, whether as lessees, tenants at will, trespassers or othe...
Title to and Condition of Real Property. (a) Schedule 3.5 contains an accurate description of the Real Property. The Real Property listed on Schedule 3.5 comprises all of the real property interests owned or held by Sellers and used or useful in the conduct of the business and operations of the Stations as currently conducted.
Title to and Condition of Real Property. Schedule 3.6 contains a complete and accurate description of all the Real Property and the Company's interests therein (including street address, legal description, owner, and use and the location of all improvements thereon). The Real Property listed on Schedule 3.6 comprises all real property interests necessary to conduct the business and operations of the Station as now conducted. The Company has good and marketable fee simple title, insurable at standard rates, to all fee estates (including the improvements thereon) included in the Real Property, free and clear of all Encumbrances, and without reservation or exclusion of any mineral, timber, or other similar rights or interests, except for (a) Permitted Encumbrances, and (b) such Encumbrances which shall be released at Closing. With respect to each leasehold or subleasehold interest included in the Real Property being conveyed under this Agreement, as of the TBA Date, the lease or sublease creating such interest is in full force and effect and the Seller knows of no defaults under such lease or the existence of any event which, after the passage of time and applicable notice or cure periods, would constitute a default under such lease or sublease. All towers, guy anchors, and buildings and other improvements included in the Assets are located entirely on the Real Property listed in Schedule 3.6. Seller has delivered to Buyer true and complete copies of all deeds and leases pertaining to the Real Property. As of the TBA Date, all Real Property (including the improvements thereon) (i) is in good condition and repair consistent with its present use (reasonable wear and tear excepted), (ii) is available for immediate use in the conduct of the business and operations of the Station, and (iii) complies in all material respects with all applicable building or zoning codes and the regulations of any governmental authority having jurisdiction. The Company has full legal and practical access to the Real Property.
