Transfer of Interests in Real Property Sample Clauses

Transfer of Interests in Real Property. (1) At the Closing the Shareholders shall cause the Transferor to, and the Transferor shall, enter into assignments, each in the form attached hereto as Exhibit 7.21(a) (collectively, the "Assignments" and, individually, an "Assignment") of each of the Leases (other than the Lease referred to in section 7.21(g)) (including, without limitation, any security interests/pledge liens created thereby) with respect to any parcel of the Leased Real Property not covered by the New Lease, collateral guarantees with respect to such real property and all security deposits made thereunder, each such Assignment containing a covenant of good title and the Transferor's and Shareholders' representation and warranty that (i) there have been no prior assignments of the Leases, (ii) such Leases are in full force and effect and are enforceable in accordance with their terms, and (iii) neither the Leases nor the security deposits made thereunder are then subject to any liens, security interests or adverse claims. At the Closing, the Shareholders and the Transferor shall deliver to the Transferee consents and estoppel certificates (the "Landlord Consent and Estoppel Certificates"), in form reasonably acceptable to the Transferee, executed by the landlord under each of the Leases consenting to the assignment of the Leases and stating that there are no defaults thereunder.

Transfer of Interests in Real Property. On or prior to the Closing -------------------------------------- Date, the Transferors shall cause the Company to obtain the following documents with respect to the transfer of interests in real property:

Transfer of Interests in Real Property. (1) At or prior to the Closing, the Transferors shall cause their Affiliate(s) to (i) enter into an amended and restated lease (the "Restated Lease") in a form to be agreed upon in good faith by the parties and (ii) enter into a notice of lease in the statutory form required in the Commonwealth of Massachusetts (the "Notice of Lease"), in each case with respect to the Leased Real Property located at 00 Xxxx Xxxx Xxxxx, Xxxx Xxxxxxxxxx, Xxxxxxxxxxxxx. At the Closing, the Transferors and the Company shall deliver to the Transferee estoppel certificates (the "Estoppel Certificates") in form and substance reasonably satisfactory to the Transferee, executed by the landlords under each of the Leases and stating that there are no defaults thereunder.

Transfer of Interests in Real Property. (1) At the Closing, the Shareholders shall cause their Affiliates to enter into a lease (the "New Lease") with the Transferee with respect to the Leased Real Property located at 0000 Xxxxxxxxxx Xxxx, Xxxxxxx Xxxx, Xxx Xxxx, in the form attached hereto as Exhibit 7.20(a)(A), and assignments, each in the form attached hereto as Exhibit 7.20(a)(B) (collectively, the "Assignments"), of each of the Leases (including, without limitation, any security interests/pledge liens created thereby), collateral guarantees and all security deposits made thereunder, containing a covenant of good title and the Transferors' representation and warranty that (i) there have been no prior assignments of the Leases, (ii) such Leases are in full force and effect and are enforceable in accordance with their terms, and (iii) neither the Leases nor the security deposits made thereunder are then subject to any liens, security interests or adverse claims. If at any time either of the parties reasonably determines that the number of square feet in the premises subject to the New Lease is other than as currently understood by the parties, the parties shall in good faith determine whether an adjustment in the rental under the New Lease is appropriate. At the Closing, the Shareholders and the Transferor shall deliver to the Transferee consents and estoppel certificates (the "Landlord's Consent and Estoppel Certificates") executed by the landlords under each of the Leases in the form attached hereto as Exhibit 7.20(a)C.