Examples of Material Leased Property in a sentence
Subject to Section 5.14 below and except as set forth on Schedule 3.18, as of the Closing Date, there is no consent or approval required under any Lease associated with the Material Leased Property in order to grant the Mortgages contemplated by Section 5.14 which has not been obtained.
Except as set forth in Section 3.1(n)(ii)(c) of the Company Disclosure Schedule, the Company and each of its Subsidiaries, as the case may be, has a valid leasehold interest in each Material Leased Property, free and clear of all Liens, other than Permitted Liens, except as would not reasonably be expected to have a Company Material Adverse Effect.
All leases related to any Material Leased Property are in full force and effect and are enforceable in accordance with their respective terms, subject to the Bankruptcy and Equity Exception, except as would not reasonably be expected to have a Company Material Adverse Effect.