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share purchase agreement - The Law Society of Saskatchewan

share purchase agreement - The Law Society of Saskatchewan

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24(c) <strong>The</strong> Real Properties described in Schedule "0" and allbuildings and structures located thereon and the conduct<strong>of</strong> the Business as presently conducted do not violate,and the use there<strong>of</strong> in the manner in which presently usedis not adversely affected by, any zoning or buildinglaws, ordinances, regulations, covenants or <strong>of</strong>ficialplans. <strong>The</strong> Corporation has not received any notificationalleging any such violation. Such buildings andstructures do not encroach upon any lands not owned bythe Corporation. <strong>The</strong>re are no expropriation,condemnation or similar proceedings pending or, to thebest <strong>of</strong> the knowledge <strong>of</strong> the Vendor and the Shareholder,threatened, with respect to any <strong>of</strong> the Real Properties orany part there<strong>of</strong>.(24) Leased Premises:Schedule "e" attached hereto describes all leases or<strong>agreement</strong>s to lease under which the Corporation leases anyreal property. Complete and correct copies <strong>of</strong> the Leases havebeen provided to the Purchaser. <strong>The</strong> Corporation isexclusively entitled to all rights and benefits as lesseeunder the Leases and the Corporation has not sublet, assigned,licensed or otherwise conveyed any rights in the LeasedPremises or in the Leases to any other person. <strong>The</strong> names <strong>of</strong>the other parties to the Leases, the description <strong>of</strong> the LeasedPremises, the term, rent and other amounts payable under theLeases and all renewal options available under the Leases areaccurately described in Schedule "C". All rental and otherpayments and other obligations required to be paid andperformed by the Corporation pursuant to the Leases have beenduly paid and performed. <strong>The</strong> Corporation is not in default <strong>of</strong>any <strong>of</strong> its obligations under the Leases and, to the best <strong>of</strong>the knowledge <strong>of</strong> the Vendor and the Shareholder, none <strong>of</strong> thelandlords or other parties to the Leases are in default <strong>of</strong> any<strong>of</strong> their obligations under the Leases. <strong>The</strong> terms andconditions <strong>of</strong> the Leases will not be affected by, nor will any<strong>of</strong> the Leases be in default as a result <strong>of</strong>, the completion <strong>of</strong>the transactions contemplated hereunder. <strong>The</strong> use by theCorporation <strong>of</strong> the Leased Premises is not in breach <strong>of</strong> anybUilding, zoning or other statute, by-law, ordinance,regulation, covenant, restriction or <strong>of</strong>ficial plan. <strong>The</strong>Corporation has adequate rights <strong>of</strong> ingress to and egress fromthe Leased Premises for the operation <strong>of</strong> the Business in theordinary course.(25) Work Orders and Deficiencies:<strong>The</strong>re are no outstanding work orders, non-compliance orders,deficiency notices or other such notices relative to the Real

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