Leased Real Property definition
Examples of Leased Real Property in a sentence
If applicable, each GNQ Company possesses all material Environmental Permits that are required for the operation of the business as presently operated and for the ownership and use of their assets (including the Leased Real Property) as presently owned and used, and such material Environmental Permits are to their knowledge in good standing and in full force and effect.
The Leased Real Property is in all material respects in sufficient operating condition and repair for the conduct of the Company’s business, ordinary wear and tear excepted.
Except as would not have a Company Material Adverse Effect, (i) the Company or one of its Subsidiaries has good, valid and subsisting leasehold estates in or a license to use the Leased Real Property, free and clear of all liens (other than Permitted Liens); and (ii) to the Knowledge of the Company, neither the Company nor any of its Subsidiaries is in breach of or default pursuant to any Lease.