2Due Authorization. The execution, delivery and performance of the Agreement by the Contributor has been duly and validly authorized by all necessary action of the Contributor. The Agreement and each agreement, document and instrument executed and delivered by or on behalf of the Contributor pursuant to the Agreement constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of the Contributor, each enforceable against the Contributor in accordance with its terms, as such enforceability may be limited by bankruptcy or the application of equitable principles.
Appears in 15 contracts
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.)
2Due Authorization. The execution, delivery and performance of the this Agreement by the Contributor has been duly and validly authorized by all necessary action of the Contributor. The This Agreement and each agreement, document and instrument executed and delivered by or on behalf of the Contributor pursuant to the this Agreement constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of the Contributor, each enforceable against the Contributor in accordance with its terms, as such enforceability may be limited by bankruptcy or the application of equitable principles.
Appears in 2 contracts
Samples: Contribution Agreement (Medalist Diversified REIT, Inc.), Contribution Agreement (Medalist Diversified REIT, Inc.)
