Common use of Authority of Original Borrower Clause in Contracts

Authority of Original Borrower. Each Original Borrower entity is a duly organized, validly existing limited liability company in good standing under the laws of the State of Delaware and PMZ-Two Rivers, L.L.C. is qualified to transact business in the State of Wisconsin on behalf of each Original Borrower. Dxxxxxx X. Xxxxx is the Vice President of PMZ-Two Rivers, L.L.C., Jxxxx X. Xxxxxx is the President of JPG-Two Rivers, L.L.C., and Lxxxx Xxxxxxxx is the President of AI-Two Rivers, L.L.C. (each an, "Authorized Officer"). The Authorized Officer of each Original Borrower, acting alone without the joinder of any other officer, any manager or any member of each Original Borrower or any other party, has the power and authority to execute this Agreement on behalf of and to duly bind each Original Borrower under this Agreement. The execution and delivery of, and performance under, this Agreement by each Original Borrower has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to any Original Borrower or the articles of organization, certificate of formation, operating agreement, limited liability company agreement or any other organizational document of any Original Borrower or (ii) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which any Original Borrower is a party or by which the Project may be bound or affected.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)

AutoNDA by SimpleDocs

Authority of Original Borrower. Each Original Borrower entity is a duly organized, validly existing limited liability company in good standing under the laws of the State of Delaware and PMZ-Two RiversNeenah, L.L.C. is qualified to transact business in the State of Wisconsin on behalf of each Original Borrower. Dxxxxxx X. Xxxxx is the Vice President of PMZ-Two RiversNeenah, L.L.C., Jxxxx X. Xxxxxx is the President of JPG-Two RiversNeenah, L.L.C., and Lxxxx Xxxxxxxx is the President of AI-Two RiversNeenah, L.L.C. (each an, "Authorized Officer"). The Authorized Officer of each Original Borrower, acting alone without the joinder of any other officer, any manager or any member of each Original Borrower or any other party, has the power and authority to execute this Agreement on behalf of and to duly bind each Original Borrower under this Agreement. The execution and delivery of, and performance under, this Agreement by each Original Borrower has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to any Original Borrower or the articles of organization, certificate of formation, operating agreement, limited liability company agreement or any other organizational document of any Original Borrower or (ii) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which any Original Borrower is a party or by which the Project may be bound or affected.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)

Authority of Original Borrower. Each Original Borrower entity is a duly organized, validly existing limited liability company in good standing under the laws of the State of Delaware and PMZ-Two Rivers, L.L.C. is qualified to transact business in the State of Wisconsin on behalf of each Original Borrower. Dxxxxxx Xxxxxxx X. Xxxxx is the Vice President of PMZ-Two Rivers, L.L.C., Jxxxx Xxxxx X. Xxxxxx is the President of JPG-Two Rivers, L.L.C., and Lxxxx Xxxxx Xxxxxxxx is the President of AI-Two Rivers, L.L.C. (each an, "Authorized Officer"). The Authorized Officer of each Original Borrower, acting alone without the joinder of any other officer, any manager or any member of each Original Borrower or any other party, has the power and authority to execute this Agreement on behalf of and to duly bind each Original Borrower under this Agreement. The execution and delivery of, and performance under, this Agreement by each Original Borrower has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to any Original Borrower or the articles of organization, certificate of formation, operating agreement, limited liability company agreement or any other organizational document of any Original Borrower or (ii) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which any Original Borrower is a party or by which the Project may be bound or affected.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement

AutoNDA by SimpleDocs

Authority of Original Borrower. Each Original Borrower entity is a duly organized, validly existing limited liability company in good standing under the laws of the State of Delaware and PMZ-Two RiversHartford, L.L.C. is qualified to transact business in the State of Wisconsin on behalf of each Original Borrower. Dxxxxxx Pxxx X. Xxxxx Xxxxxx is the Vice President of PMZ-Two RiversHartford, L.L.C., Jxxxx X. Xxxxxx is the President of JPG-Two RiversHartford, L.L.C., and Lxxxx Xxxxxxxx is the President of AI-Two RiversHartford, L.L.C. (each an, "Authorized Officer"). The Authorized Officer of each Original Borrower, acting alone without the joinder of any other officer, any manager or any member of each Original Borrower or any other party, has the power and authority to execute this Agreement on behalf of and to duly bind each Original Borrower under this Agreement. The execution and delivery of, and performance under, this Agreement by each Original Borrower has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to any Original Borrower or the articles of organization, certificate of formation, operating agreement, limited liability company agreement or any other organizational document of any Original Borrower or (ii) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which any Original Borrower is a party or by which the Project may be bound or affected.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!