Title to Real Property and Encumbrances Sample Clauses

Title to Real Property and Encumbrances. The Target possesses, and has good and marketable title to all real property, leaseholds or other interests necessary for the continued operation of the Business as presently conducted and as represented to the Purchaser, including all Target Assets reflected in the Target Financial Statements or acquired since the Target Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All such real property, leaseholds and interests are owned, leased or acquired by the Target free and clear of all Encumbrances, except as disclosed in the Target Disclosure Statement. The Target has delivered or made available, or will make available on request, to the Purchaser copies of the deeds and other instruments (as recorded) by which the Target acquired such real property, leaseholds and interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of the Target and relating to such real property, leaseholds or interests. The Target has not received any notice or letter regarding the cancellation of the interests and rights granted to the Target in the Property.
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Title to Real Property and Encumbrances. The Target possesses, and has good and marketable title to all real property and leaseholds or other such interests necessary for the continued operation of the Business as presently conducted and as represented to the Purchaser, including all assets reflected in the Target Financial Statements or acquired since the Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material real property and leaseholds are owned or leased by the Target free and clear of all Encumbrances, except as disclosed in the Disclosure Statement. The Target has delivered or made available, or will make available on request, to the Purchaser copies of the deeds and other instruments (as recorded) by which the Target acquired such real property and interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of the Target and relating to such property or interests.
Title to Real Property and Encumbrances. The Company possesses, and has good and marketable title to all real property and leaseholds or other such interests necessary for the continued operation of the Business as presently conducted and as represented to the Acquirer, including all assets reflected in the Company’s Financial Statements, or acquired since the date of such financial statements. All material real property and leaseholds are owned or leased by the Company free and clear of all Encumbrances, except as previously disclosed in writing to the Acquirer. The Company has delivered or made available, or will make available on request, to the Acquirer copies of the deeds and other instruments (as recorded) by which the Company acquired such real property and interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of the Company and relating to such property or interests;
Title to Real Property and Encumbrances. Each of the Target and Yiyueqiji possesses, and has good and marketable title to all real property and leaseholds or other such interests necessary for the continued operation of the Business as presently conducted and as represented to the Purchaser, including all assets reflected in the Target Financial Statements or acquired since the Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material real property and leaseholds are owned or leased by the Target or Yiyueqiji, as applicable, free and clear of all Encumbrances, except as disclosed in the Target Disclosure Statement. Each of the Target and Yiyueqiji has delivered or made available, or will make available on request, to the Purchaser copies of the deeds and other instruments (as recorded) by which the Target or Yiyueqiji acquired such real property and interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of the Target and Yiyueqiji and relating to such property or interests.
Title to Real Property and Encumbrances. To the knowledge of Altum and except as disclosed in the Altum Disclosure Letter, Altum possesses, and has good and marketable title to, all real property and leaseholds or other such interests necessary for the continued operation of the Business as presently conducted and as represented to BetterLife, including all Altum Assets reflected in the Altum Financial Statements or acquired since the Altum Accounting Date. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material real property and leaseholds are owned or leased by Altum free and clear of all Encumbrances. Altum has delivered or made available, or will make available on request, to BetterLife copies of the deeds and other instruments (as recorded) by which Altum acquired such real property and interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of Altum and relating to such property or interests.
Title to Real Property and Encumbrances. The Company and its subsidiaries possess, and have good and marketable title to all real property and leaseholds or other such interests necessary for the continued operation of the Business as presently conducted and as represented to the Acquirer, including all assets reflected in the Company’s Financial Statements and the financial statements of Hubei Minkang Pharmaceutical Co., Ltd., or acquired since the date of such financial statements. All such property is in reasonably good operating condition (normal wear and tear excepted), and is reasonably fit for the purposes for which such property is presently used. All material real property and leaseholds are owned or leased by the Company and its subsidiaries free and clear of all Encumbrances, except as previously disclosed in writing to the Acquirer. The Company and its subsidiaries have delivered or made available, or will make available on request, to the Acquirer copies of the deeds and other instruments (as recorded) by which the Company and its subsidiaries acquired such real property and interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of either the Company or its subsidiaries and relating to such property or interests;
Title to Real Property and Encumbrances. The Company does not own any real property or leasehold interests in real property.
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Related to Title to Real Property and Encumbrances

  • Title to Real and Personal Property The Company and its subsidiaries have good and marketable title in fee simple (in the case of real property) to, or have valid and marketable rights to lease or otherwise use, all items of real and personal property and assets that are material to the respective businesses of the Company and its subsidiaries, in each case free and clear of all liens, encumbrances, claims and defects and imperfections of title except those that (i) do not materially interfere with the use made and proposed to be made of such property by the Company and its subsidiaries or (ii) could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

  • Real Property; Title to Assets (a) No Group Company owns any real property. No Group Company is a party to any Contract, agreement or option to purchase any real property. (b) Section 3.13(b) of the Disclosure Schedule sets forth the address of each Leased Real Property, and a true and complete list of all Leases for each such Leased Real Property (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto). With respect to each of the Leases: (i) such Lease is legal, valid, binding, enforceable and in full force and effect, subject to the Bankruptcy and Equity Exception, (ii) the Group Companies’ possession and quiet enjoyment of the Leased Real Property under such Lease has not been materially disturbed and, to the knowledge of the Company, there are no disputes with respect to such Lease, (iii) no Group Company nor, to the knowledge of the Company, any other party to such Lease, is in material breach or default under such Lease, (iv) the Group Companies have not subleased, licensed or otherwise granted any person, other than other Group Companies, the right to use or occupy such Leased Real Property or any portion thereof, and (v) the Group Companies have a valid and subsisting leasehold interest in all property under the Leases, in each case free and clear of all Liens, other than the Permitted Encumbrances. (c) The Leased Real Property comprises all of the real property used in the conduct of the business of the Group Companies as currently conducted. The use, occupation, operation, leasing, management of the Leased Real Property by any Group Company is not in contravention of any applicable Laws in any material respect. Each Group Company has used the Leased Real Property in compliance in all material respects with the approved use and zoning requirement under the relevant title certificates, land use rights certificates, certificates of real estate ownership and similar title documents, or as otherwise required by the competent Governmental Authorities. (d) Except as would not, individually or in the aggregate, have a Material Adverse Effect, the Group Companies have good and marketable title to, or a valid and binding leasehold interest in, all other properties and assets necessary to conduct their respective businesses as currently conducted (excluding Leased Real Property and Intellectual Property), in each case free and clear of all Liens, except for Permitted Encumbrances.

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