Common use of Authority as to Third Persons Clause in Contracts

Authority as to Third Persons. 7.9.1 No third party dealing with the Company shall be required to investigate the authority of the Manager or officers of the Company or secure the approval or confirmation by any Member of any act of the Manager in connection with the Company’s business. No purchaser of any Property owned by the Company shall be required to determine the right to sell or the authority of the Manager to sign and deliver any instrument of transfer on behalf of the Company, or to see to the application or distribution of revenues or proceeds paid or credited in connection therewith. 7.9.2 The Manager shall have full authority to execute on behalf of the Company any and all agreements, contracts, conveyances, deeds, mortgages and other instruments, and the execution thereof by the Manager, executing on behalf of the Company shall be the only execution necessary to bind the Company thereto. Any officer appointed by the Manager pursuant to Section 7.10 shall have full authority to execute on behalf of the Company any agreements, contracts, conveyances, deeds, mortgages and other instruments, to the extent such authority is delegated by the Manager to such officer, and the execution thereof by such officer, executing on behalf of the Company shall be the only execution necessary to bind the Company thereto. No signature of any Member shall be required. 7.9.3 The Manager shall have the right by separate instrument or document to authorize one or more Persons to execute leases and lease-related documents on behalf of the Company and any leases and documents executed by such agent shall be binding upon the Company as if executed by the Manager.

Authority as to Third Persons. 7.9.1 7.12.1 No third party dealing with the Company shall be required to investigate the authority of the Manager or officers Board of the Company Managers or secure the approval or confirmation by any Member of any act of the Manager Board of Managers in connection with the Company’s Company business. No purchaser of any Property or interest owned by the Company shall be required to determine the right to sell or the authority of the Manager Board of Managers to sign and deliver any instrument of transfer on behalf of the Company, or to see to the application or distribution of revenues or proceeds paid or credited in connection therewith. 7.9.2 7.12.2 The Board of Managers or any Manager or officer designated by the Board of Managers shall have full authority to execute on behalf of the Company any and all agreements, contracts, conveyances, deeds, mortgages and other instruments, and the execution thereof by the ManagerBoard of Managers or any Manager or officer designated by the Board of Managers, executing on behalf of the Company shall be the only execution necessary to bind the Company thereto. Any officer appointed by resolution of the Manager Board of Managers pursuant to Section 7.10 7.13 shall have full authority to execute on behalf of the Company any agreements, contractscontract, conveyances, deeds, mortgages and other instruments, to the extent such authority is delegated by the Manager Board of Managers to such officer, and the execution thereof by such officer, executing on behalf of the Company shall be the only execution necessary to bind the Company thereto. No signature of any Member shall be required. 7.9.3 The Manager shall have the right by separate instrument or document to authorize one or more Persons to execute leases and lease-related documents on behalf of the Company and any leases and documents executed by such agent shall be binding upon the Company as if executed by the Manager.