Real Property. Seller represents and warrants that the Company has good and marketable title to all real property that it owns, free and clear of all liens.
Real Property. [Schedule 3.11] contains a complete and accurate list of all premises leased or subleased or otherwise used or occupied by the Company (the “Leased Premises”), and of all leases, lease guarantees, agreements and documents related thereto, including all amendments, terminations and modifications thereof (collectively, the “Leases”), as well as the current annual rent and term under each Lease. Sellers have provided to Buyer a true and complete copy of each of the Leases, and in the case of any oral Lease, a written summary of the material terms of such Lease. The Leases are valid, binding and enforceable in accordance with their terms (subject to the Permitted Exceptions) and are in full force and effect. No event has occurred which (whether with or without notice, lapse of time or both or the happening or occurrence of any other event) would constitute a default on the part of the Company under any Lease. To the Knowledge of the Company, no event has occurred which (whether with or without notice, lapse of time or both or the happening or occurrence of any other event) would constitute a default by any other party under any Lease, and the Company has not received written notice or, to the Knowledge of the Company, any other notice of any such condition. The Company has not waived any material rights under any Lease which would be in effect at or after the Closing. The Company is in quiet possession of the Leased Premises.
Real Property. The land described in [Exhibit A-11]1]] through [[Exhibit A-15]5]]5] attached hereto (collectively, the “Land”), together with # all improvements located thereon (collectively, the “Improvements”), # all and singular the rights, benefits, privileges, easements, tenements, hereditaments, and appurtenances thereon or in anywise appertaining thereto, and # without warranty, all right, title, and interest of , if any, in and to all strips and gores and any land lying in the bed of any street, road or alley, open or proposed, adjoining such Land (collectively, the “Real Property”).
Real Property. Set forth on [Schedule 5.8(a)] is a complete list and the location of all Leased Real Property and Owned Real Property. Copies of all leases in possession of the Subject Companies relating to the Leased Real Property have heretofore been furnished to . With respect to each Leased Real Property, # a Subject Company holds good and marketable leasehold interests in the Leased Real Property, # a Subject Company and, to the Parties’ knowledge, each of the other parties to the Real Property Lease has performed in all material respects all obligations required to be performed by it under each Real Property Lease, and # neither a Subject Company nor, to the Parties’ knowledge, any other party to the Real Property Lease is in breach or default in any material respect (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 Real Property Leases to which each such entity is a party. With respect to each Owned Real Property, # a Subject Company holds good and marketable fee ownership interests in the Owned Real Property and # neither Energenic nor any Subject Company has received written notice of any condemnation proceeding or proposed Action or agreement for taking in lieu of condemnation.
Real Property. Seller owns no real property. [Schedule 4.2(f)] sets forth all real estate leased by Seller for the Seller Business (the “Leases”). Except as set forth on [Schedule 4.2(f)], with respect to the lease agreement for each of the Leases: # such agreement is the legal, valid, binding and enforceable obligation of Seller and, to Seller's Knowledge, the lessor thereto and is in full force and effect in all material respects and has not been amended or supplemented in any manner since a copy thereof was delivered to Purchaser; # Seller has duly performed in all material respects all of its obligations to the extent such obligations to perform have accrued thereunder, (iii)(A) neither Seller nor, to Seller's Knowledge, the lessor thereto is in breach or default thereof, and # no event has occurred which, with notice or lapse of time, would constitute a default by either Seller or, to Seller's Knowledge, the lessor thereto; # to Seller's Knowledge, there are no material disputes with respect to such agreement; and # such agreement is assignable by Seller to Purchaser without the consent or approval of the lessor or such lessor’s consent to assignment has been obtained. Seller enjoys quiet enjoyment of each of the Leases.
Real Property. The Company has never and currently does not own any real property. [Annex J] (Leases of Realty) sets forth a true, correct and complete list of all real property and interests in real property leased or subleased (individually, a “Lease” and, collectively, the “Leases”) by the Company as lessee (individually, a “Company Property” and collectively as the “Company Properties”). The Company has a good, marketable and valid leasehold interest in each Company Property, subject only to Permitted Liens. The Company has previously made available to Buyer and/or its counsel true, correct and complete copies of each Lease, together with all amendments, modifications, supplements, waivers and side letters related thereto as to each Lease: # the Lease is legal, valid, binding, enforceable and in full force and effect; # none of the Company or, to the knowledge of the Company, any other party to the Lease is in breach or default thereunder and, to the knowledge of the Company, no event has occurred which, with notice or lapse of time or both, would constitute such a breach or default or permit termination, modification or acceleration under the Lease; # no party to the Lease has repudiated any provision thereof; # there are no disputes, oral agreements or forbearance programs in effect as to the Lease; # the Lease has not been modified in any respect, except to the extent that such modifications are disclosed by the documents made available to Buyer; and # the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Lease.
to the extent requested by Agent, evidence reasonably satisfactory to Agent of the timely payment of all real estate taxes for the Real Estate;
“Property” or “Properties” means those parcels of real estate legally described on [Exhibit A] attached hereto, all rights, privileges, and appurtenances associated therewith, and all buildings, fixtures and other improvements owned by Lessee now or hereafter located on such real estate (whether or not affixed to such real estate).
“Net Sales Proceeds” means the proceeds from any Sale of Real Estate Assets, less any costs incurred in selling the Real Estate Asset(s) including, but not limited to, legal fees and selling commissions and further reduced by the amount of any indebtedness encumbering the Real Estate Asset(s).
“Appraiser” means a qualified appraiser who is a member of the American Institute of Real Estate Appraisers, or a successor organization, with at least ten (10) years’ experience as a real estate appraiser of commercial real estate of the type being appraised in the Washington, D.C. metropolitan area.
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