Common use of Authority and Execution Clause in Contracts

Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational and legal action to authorize this Guaranty.

Appears in 6 contracts

Samples: Guaranty (Colony Credit Real Estate, Inc.), Guaranty (Colony NorthStar Credit Real Estate, Inc.), Guaranty (Colony NorthStar Credit Real Estate, Inc.)

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Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational corporate and legal action to authorize this Guaranty.

Appears in 6 contracts

Samples: Guaranty (Seven Hills Realty Trust), Limited Guaranty, Guaranty (Tremont Mortgage Trust)

Authority and Execution. Guarantor is duly formed has the necessary corporate power and validly existing under the laws of the State of its formation and has full power, authority, and legal right authority to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational and legal action to authorize this Guaranty.

Appears in 3 contracts

Samples: Amended and Restated Guaranty (Anthracite Capital Inc), Guaranty (Anthracite Capital Inc), Guaranty (Anthracite Capital Inc)

Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational corporate and legal action to authorize this Guaranty, which has been duly executed and delivered and is a legal, valid and binding obligation of Guarantor, enforceable in accordance with its terms.

Appears in 2 contracts

Samples: Limited Guaranty (TPG RE Finance Trust, Inc.), Limited Guaranty (TPG RE Finance Trust, Inc.)

Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational corporate and legal action to authorize this Guaranty, which has been duly executed and delivered.

Appears in 2 contracts

Samples: Guaranty (RAIT Financial Trust), Guaranty (RAIT Financial Trust)

Authority and Execution. The Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, authority and legal right to executeexecute and deliver, deliver and to perform its obligations under under, this Guaranty. Guarantor Guaranty and has taken all necessary organizational partnership and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 1 contract

Samples: Pledge and Security Agreement (Scient Inc)

Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational corporate and legal action to authorize this Guaranty, which has been duly executed and delivered and is a legal, valid, and binding obligation of guarantor, enforceable in accordance with its terms.

Appears in 1 contract

Samples: Guaranty (Prospect Acquisition Corp)

Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational corporate and legal action to authorize this Guaranty, which has been duly executed and delivered and is a legal, valid, and binding obligation of Guarantor, enforceable in accordance with its terms.

Appears in 1 contract

Samples: Guaranty (Criimi Mae Inc)

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Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational limited partnership and legal action to authorize this Guaranty, which has been duly executed and delivered and is a legal, valid and binding obligation of Guarantor, enforceable in accordance with its terms.

Appears in 1 contract

Samples: Payment Guaranty (Benefit Street Partners Realty Trust, Inc.)

Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational corporate and legal action to authorize this Guaranty, which has been duly executed and delivered and is a legal, valid, and binding obligation of Guarantor, enforceable in accordance with its terms, subject to bankruptcy, insolvency and other limitations on creditors’ rights generally and to equitable principles.

Appears in 1 contract

Samples: Guaranty (Anthracite Capital Inc)

Authority and Execution. Such Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, authority and legal right to executeexecute and deliver, deliver and to perform its obligations under under, this Guaranty. Guarantor Guaranty and has taken all necessary organizational corporate and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 1 contract

Samples: Pledge and Security Agreement (Scient Inc)

Authority and Execution. The Guarantor is duly formed and validly existing under the laws of the State of its formation and has full power, authority, authority and legal right to executeexecute and deliver, deliver and to perform its obligations under under, this Guaranty. Guarantor Guaranty and has taken all necessary organizational corporate and legal action to authorize the execution, delivery and performance of this Guaranty.

Appears in 1 contract

Samples: Time America Inc

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