Common use of Authority/Consent Clause in Contracts

Authority/Consent. Seller possesses all requisite power and authority, and has taken all actions required by its organizational documents and applicable law, to execute and deliver this Agreement and will, by Closing, have taken all actions required by its organizational documents and applicable law to consummate the transactions contemplated by this Agreement.

Appears in 8 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (KBS Strategic Opportunity REIT, Inc.)

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Authority/Consent. Seller possesses all requisite power and authority, and has taken all actions required by its organizational documents and applicable law, to execute and deliver this Agreement and will, will by Closing, Closing have taken all actions required by its organizational documents and applicable law law, to consummate the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (CNL Growth Properties, Inc.), Purchase and Sale Agreement (CNL Growth Properties, Inc.), Assignment and Assumption Agreement (Bluerock Residential Growth REIT, Inc.)

Authority/Consent. Seller is the owner of the fee simple interest in the Property and possesses all requisite power and authority, and has taken all actions required by its organizational documents and applicable law, and has obtained all necessary consents, to execute and deliver this Agreement and will, by Closing, have taken all actions required by its organizational documents and applicable law to consummate the transactions contemplated by this Agreement. Each individual executing this Agreement on behalf of Seller represents and warrants to Purchaser that he or she is duly authorized to do so.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Bluerock Multifamily Growth REIT, Inc.), Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)

Authority/Consent. Seller is the owner of the fee simple interest and or condominium interest, as applicable, in the Property and possesses all requisite power and authority, and has taken all actions required by its organizational documents and applicable law, and has obtained all necessary consents to execute and deliver this Agreement and will, by Closing, have taken all actions required by its organizational documents and applicable law to consummate the transactions contemplated by this Agreement. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cogdell Spencer Inc.)

Authority/Consent. Seller is the owner of the fee simple interest in the Property and possesses all requisite power and authority, and has taken all actions required by its organizational documents and applicable law, to execute and deliver this Agreement and will, will by Closing, Closing have taken all actions required by its organizational documents and applicable law law, to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United Insurance Holdings Corp.)

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Authority/Consent. Except as provided below, Seller possesses all requisite power and authority, and has taken or will by Closing have taken all actions required by its organizational documents and applicable law, to execute and deliver this Agreement and will, by Closing, have taken all actions required by its organizational documents and applicable law to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)

Authority/Consent. Seller is the owner of the fee simple interest in the Property and, except as provided below, possesses all requisite power and authority, and has taken all actions required or will by its organizational documents and applicable law, to execute and deliver this Agreement and will, by Closing, Closing have taken all actions required by its organizational documents and applicable law to execute and deliver this Agreement and to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)

Authority/Consent. Seller is the owner of the fee simple interest in the Property and possesses all requisite power and authority, and has taken all actions required or will by its organizational documents and applicable law, to execute and deliver this Agreement and will, by Closing, Closing have taken all actions required by its organizational documents and applicable law to execute and deliver this Agreement and to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Alnylam Pharmaceuticals, Inc.)

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