Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under any of them.

Leases. None of the Properties is subject to any Lease, other than the Leases set forth on [Schedule 4.1.26] hereto. With respect to each Property, the Borrower that owns the Property also is the owner and lessor of all of the landlord’s interest in each of the Leases at that Property. No Person has any possessory interest in any Property or right to occupy the same except under and pursuant to the provisions of one of the Leases or a sublease, license, assignment or occupancy agreement thereunder. Each of the current Leases is in full force and effect and, to each Borrower’s knowledge, there are no defaults thereunder by any party thereto and there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder. The copies of the Leases delivered to the Agent are true and complete, and there are no oral agreements with respect thereto. No Rent (including security deposits) has been paid more than one (1) month in advance of its due date. All work to be performed by any Borrower prior to the date hereof under each Lease has been performed as required in such Lease and has been accepted by the applicable Tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements, except as expressly set forth in such Leases, required to be given by any Borrower to any Tenant prior to the date hereof has already been received by such Tenant. No Tenant under any Lease has assigned its Lease or sublet all or any portion of the premises demised thereby. No Tenant holds its leased premises under assignment, nor, to each Borrower’s knowledge, does anyone except such Tenant and its employees occupy such leased premises. No Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of any Property of which the leased premises are a part. No Tenant under any Lease has any right or option for additional space in any Improvements. Each Borrower is in compliance with all Legal Requirements relating to security deposits. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of any Rents to be received thereunder that remains in effect.

Leases. All of ​’s right, title and interest, without warranty except as may be expressly provided herein, in all leases of the Real Property (other than License Agreements), including leases which may be made by ​ after the Effective Date and prior to Closing as permitted by this Agreement (the “Leases”).

Leases. Copies of the Leases, including, all amendments, guaranties, letter agreements and assignments related thereto.

Leases. EXAD shall work directly with the landlords of all 3 locations to secure long term contracts. These leases shall be in the name of Metropolitan Dry Cleaners and all deposits shall be paid for by EXAD. If new leases with favorable terms cannot be agreed upon then EXAD shall have the option to void this and all other Agreements pertaining to the purchase of [[MBM Cleaners:Organization]].

Leases Schedule. Neither SRSG nor Merger Sub is a party to any real or personal property leases.

Ground Leases. For purposes of this Exhibit B, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner and does not include industrial development agency (IDA) or similar leases for purposes of conferring a tax abatement or other benefit.

Personal Property Leases. Set forth on [Schedule 5.8(b)] is a true, complete and accurate list of all Personal Property Leases. A copy of each Personal Property Lease has heretofore been delivered or made available to ​. Each Personal Property Lease is valid, binding and enforceable against the applicable Subject Company and, to the Parties’ knowledge, the other parties thereto, in accordance with its terms and is in full force and effect. Neither a Subject Company nor, to the Parties’ knowledge, any other party to a Personal Property Lease is in breach or default (nor has any event occurred that, with the giving of notice or lapse of time, or both, would constitute such breach or default) under any of the Personal Property Leases to which each such entity is a party, which would have a Company Material Adverse Effect.

Leases and Other Agreements. Seller warrants that at Closing the Company will have no outstanding leases or will be subject to any other Agreement.

Leases and Rent Roll. The Agent shall have received true, correct and complete copies of all Leases, in each case certified by an authorized officer of the Borrowers (or of the relevant Borrower, if applicable) as requested by the Agent. The Agent shall have received a rent roll for each Property dated not more than one (1) month prior to the Closing Date, certified as true, correct and complete in all material respects by an authorized officer of the applicable Borrower that owns such Property.