Leased Sites definition
Examples of Leased Sites in a sentence
Each Land Lease and other leases under which Sellers hold real or personal property constituting a part of such Leased Sites being transferred has been duly authorized, executed and delivered by the applicable Seller and, to such Seller's knowledge, by each of the other parties thereto, and is a legal, valid and binding obligation of such Seller and enforceable against each party thereto in accordance with its terms.
Prior to the Closing Date, effective as of the Closing, Parent and Buyer shall enter into lease agreements (the “Lease Agreements”) in respect of the Leased Sites substantially on the terms and conditions set forth on Schedule A-4 of the Disclosure Letter and such other terms that are reasonable and customary for leases of such type taking into account the terms and conditions of this Agreement, including the parties’ obligations under Article VIII.
The Real Property and the Leased Sites constitute all material real property used by the Transferred Companies in the conduct of their operations as of the date of this Agreement, other than Administrative Services and other services provided by third Persons.
Notwithstanding the foregoing, Buyer shall be permitted to conduct any routine maintenance of any existing facility or structure on the Leased Sites without affecting the liability of Parent under Section 8.2(d) with respect to the Leased Sites.
Except as set forth on Section 3.18 of the Disclosure Schedules, Company or Company Subsidiary holds marketable and insurable fee simple title in the case of Owned Sites, or a valid and insurable leasehold or other valid interest or right in the case of Leased Sites and Other Interest Sites, free and clear of all Liens, other than Permitted Encumbrances.