Owned Premises definition
Examples of Owned Premises in a sentence
The Owned Premises are the only real property owned by the Corporation or the Subsidiaries.
The Owned Premises are 100% beneficially owned by the Corporation or a Subsidiary, and the Corporation or the applicable Subsidiary holds the Owned Premises under valid, subsisting and enforceable title documents and such title documents permit the Corporation and such Subsidiary to carry on the business thereon as currently conducted.
Each Affiliate of Seller that is owner or lessee with respect to each parcel of Owned Premises or Leased Premises has not received any written notice (or, to Seller’s Knowledge, any other notice) from any Governmental Body alleging that Seller may be in violation of, or liable under, any Law applicable to such Owned Premises or Leased Premises.
Except as set forth on Schedule 4.7(a) of the Company Disclosure Schedules there are no written or oral subleases, licenses, concessions, occupancy agreements or other Contractual Obligations granting to any other Person the right of use or occupancy of the Owned Premises and there is no Person (other than the Company or any of its Subsidiaries) in possession of the Owned Premises.
Buyer covenants that it shall be responsible for all actions brought or claims made pursuant to any Environmental, Health and Safety Laws arising from the alleged Discharge or Release or threatened Discharge or Release of Hazardous Substances transported off the Owned Premises or Leased Premises on or after the Closing Date.