Action of Purchaser. Purchaser has taken all necessary ------------------- action to authorize the execution, delivery and performance of its obligations under this Agreement and the Operating Lease, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing Date such document shall constitute the valid and binding obligation and agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors.
Appears in 6 contracts
Samples: Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp)
Action of Purchaser. The Purchaser has taken all necessary ------------------- action to authorize the execution, delivery and performance of its obligations under this Agreement and each document to be executed, delivered or performed by the Operating LeasePurchaser hereunder, and upon the execution and delivery of this Agreement and any document to be delivered by Purchaser on or prior to the Closing Date such document, this Agreement and each such document shall constitute the valid and binding obligation and agreement of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Five Star Quality Care Inc), Purchase and Sale Agreement (Five Star Quality Care Inc), Purchase and Sale Agreement (Five Star Quality Care Inc)
Action of Purchaser. Purchaser has taken all ------------------- necessary ------------------- action to authorize the execution, delivery and performance of its obligations under this Agreement and the Operating Lease, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing Date such document shall constitute the valid and binding obligation and agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp)
Action of Purchaser. Purchaser has taken all necessary ------------------- action to authorize the execution, delivery and performance of its obligations under this Agreement and the Operating Lease, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing Date such document shall constitute the valid and binding obligation and agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Prime Hospitality Corp)
Action of Purchaser. Purchaser has taken all necessary ------------------- action to authorize the execution, delivery and performance of its obligations under this Agreement and the Operating Lease, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing Date such document shall constitute the valid and binding obligation and agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors.
Appears in 1 contract
