Existing Real Property Leases definition
Examples of Existing Real Property Leases in a sentence
The Sellers shall promptly deliver, or cause to be delivered, to the Buyer copies of any notices or other written communication hereafter received by any Seller from the Lessors relating to the Existing Real Property Leases.
No Seller has any past due obligation as the lessee under any of the Existing Real Property Leases.
None of the Existing Real Property Leases have been assigned, transferred, conveyed, mortgaged, deeded in trust, pledged or encumbered, in whole or in part, by any Seller and no subleases have been entered into relating to any of the Existing Real Property Leases or the Leased Real Property.
Other than the Existing Real Property Leases, no Seller is a party to and is not otherwise bound by any real property leases, licenses or other occupancy agreements, whether as lessee, sublessee, licensee, lessor, sublessor, licensor or any other party.
Any and all work to be performed by the Lessors or any Seller under the Existing Real Property Leases has been completed lien free, in accordance with all Laws, and the Sellers and/or the Lessors have fully paid for the work.
The Sellers have previously delivered to the Buyer complete and correct copies of the Existing Real Property Leases, including all exhibits, amendments and modifications thereto.
The Lessors have made no claim of breach or default by any Seller, as tenant under the Existing Real Property Leases.
No Seller nor any other party to the Existing Real Property Leases are in default under the terms of the Existing Real Property Leases; and each Existing Real Property Lease is in full force and effect and is valid, binding and enforceable against the Seller that is party to such Existing Real Property Lease and the other parties to such Existing Real Property Lease in accordance with its terms.
Except as disclosed in the Existing Real Property Leases, no Seller has transferred, assigned, mortgaged, pledge or otherwise encumbered its leasehold interest in any of the Leased Real Property, nor agreed to do any of the foregoing.
Any and all work to be performed by the Lessors or the Seller under the Existing Real Property Leases has been completed lien free, in accordance with all Laws, and the Seller and/or the Lessors have fully paid for the work.