Transferred Leased Properties definition
Examples of Transferred Leased Properties in a sentence
Company and Spinco shall use commercially reasonable efforts to obtain in writing from the applicable Landlords (a) an unconditional release of Company, its subsidiaries (other than Spinco and its subsidiaries) from liability for the Transferred Leased Properties.
Sellers shall fully cooperate with Buyer after the Closing to make access available to Buyer to all Leased Real Properties which are not Transferred Leased Properties for a period of at least five Business Days following the Closing so that Buyer, at its expense, may cause to be located at facilities of its choosing all consigned inventory and Transferred Assets from such Leased Real Properties that are not Transferred Leased Properties.
Neither the Seller Parties nor the Companies has assigned or transferred to any Person any interest in or option to acquire any interest in the Transferred Leased Property and have not sublet any portion of the leases to the Transferred Leased Properties or granted any possessory rights (or option to acquire any possessory rights) to the Leased Properties to any Person.
There are no written notices, orders or directions relating to environmental matters or other matters governed by Environmental Laws requiring, or notifying any Vendor that it is or may be responsible for, any work, repairs, construction or material capital expenditures to be made under Environmental Laws with respect to the Purchased Business, the Transferred Leased Properties, the Premises or the Purchased Assets.
Upon the consummation of any transfer of the QPRC Shares, the Transferred Leased Properties and the Affiliate Properties in accordance with the foregoing, the expenses arising in connection with the ownership or operation of the Owned U.S. Real Properties, the Transferred Leased Properties and the Affiliate Properties shall be apportioned between the transferor and the transferee of said shares and properties as of the Separation Date.
Within 30 days following the Closing, Buyer shall arrange for a physical inventory of all inventory and other assets held on consignment pursuant to the AT&T Contract located at or in the Transferred Leased Properties and leased vehicles included in the Transferred Assets or moved pursuant to Section 8.13 (the “Physical Inventory”), and Sellers shall cooperate fully Buyer and its representatives in connection with such Physical Inventory.
No Vendor has received a written claim or written notice and otherwise no Vendor has any knowledge of any potential liability or actual liability of such Vendor, relating to any Cleanup at any off-site location arising out of such Vendor's or any other person's activities or operations at the Transferred Leased Properties or the Premises.