Common use of Action of Seller Clause in Contracts

Action of Seller. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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 5 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)

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Action of Seller. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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 4 contracts

Samples: Purchase and Sale Agreement (Beckman Coulter Inc), Purchase and Sale Agreement (Beckman Coulter Inc), Assignment and Sale Agreement (Beckman Coulter Inc)

Action of Seller. Seller has taken all necessary action ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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 3 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 Seller. Seller has taken all necessary ---------------- action actions to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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: Sale Agreement (Behringer Harvard Reit I Inc)

Action of Seller. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this AgreementAgreement (except for ISRA approval from NJDEP), and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing DateSettlement, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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: Agreement of Sale (Lenox Group Inc)

Action of Seller. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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)

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Action of Seller. Etc. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing DateClosing, this Agreement and such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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: Membership Interests Purchase Agreement (Maguire Properties Inc)

Action of Seller. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing DateSettlement, such document shall constitute the valid and binding obligation and agreement of Seller, as the case may be, enforceable against Seller 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: Agreement of Sale (Lenox Group Inc)

Action of Seller. Seller has taken all necessary ---------------- action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller or Tenant on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of SellerSeller or Tenant, as the case may be, enforceable against Seller or Tenant 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 (Equity Inns Inc)

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