Common use of Authority; Authorization; Execution and Delivery Clause in Contracts

Authority; Authorization; Execution and Delivery. (a) The Operating Partnership has full power and authority to enter into this Agreement and to consummate the transactions contemplated herein. (b) The execution and delivery of this Agreement and the consummation by the Operating Partnership of the transactions contemplated herein have been duly authorized by all necessary action on the part of the Operating Partnership. (c) This Agreement has been duly executed and delivered by the Operating Partnership and constitutes the valid and legally binding obligations of the Operating Partnership, enforceable against the Operating Partnership in accordance with and subject to its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws relating to creditors' rights and general principles of equity.

Authority; Authorization; Execution and Delivery. (a) The Operating Partnership has full power and authority to enter into this Agreement and to consummate the transactions contemplated herein. (b) The execution and delivery of this Agreement and the consummation by the Operating Partnership of the transactions contemplated herein have been duly authorized by all necessary action on the part of the Operating Partnership. (c) This Agreement has been duly executed and delivered by the Operating Partnership and constitutes the valid and legally binding obligations of the Operating Partnership, enforceable against the Operating Partnership in accordance with and subject to its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws relating to creditors' rights and general principles of equity.