Authority; Power. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary partnership action on the part of Tax Exempt II. Tax Exempt II has the requisite partnership power and authority to enter into, deliver and, perform this Agreement and any other agreements and instruments contemplated hereby. This Agreement constitutes a legal, valid and binding obligation of Tax Exempt II enforceable against it in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, reorganization, insolvency, moratorium or other similar laws affecting creditor's rights generally, (ii) the power of a court to grant specific performance or any other remedy, and (iii) the application of general principles of equity.
Authority; Power. The Manager has all requisite power and authority to execute and deliver this Agreement and the Related Agreements to which the Manager is, or will be at Closing, a party and to perform its obligations hereunder and thereunder.
Authority; Power. 20 Section 3.3 .....................................................................................21 (a) Organization and Good Standing.......................................................21 (b)
Authority; Power. Owner confirms that he/she/they have full power and authority to hire Xxxxx Street and have the right to receive income proceeds from the Premises and that this power, authority, and right have not been assigned, or transferred to others.
Authority; Power. The PDA shall have the power and authority to engage in such activities and to exercise such powers permitted to port development authorities, including authority to perform any lawful public purpose or public function related to maritime activities of the Homeports that created this PDA, under the laws of the State of Washington, and all subject to the limitations provided in the Port Development Authority Act, provided however, the PDA shall not have authority to issue debt or to own real property.
Authority; Power. 10 Section 4.03
Authority; Power. 24 Section 5.03 No Violation...........................................................24 Section 5.04 Capital Structure of Parent and Related Matters; Common Stock to be Issued..............................................24 Section 5.05 No Financing Contingency...............................................25 Section 5.06 Absence of Certain Changes.............................................25 Section 5.07 Actions Pending........................................................25 Section 5.08 Outstanding Debt and Related Matters...................................25 Section 5.09 Agreements and Other Matters; No Conflict..............................26 Section 5.10
Authority; Power. The execution and delivery of this Agreement by DSLT has been authorized by all necessary corporate action on the part of DSLT. DSLT has the requisite corporate power and authority to execute and deliver this Agreement, to consummate the Merger (subject to shareholder approval as contemplated hereby) and to take any and all other actions required to be taken by it pursuant to the provisions of this Agreement. This Agreement constitutes the legal, valid, and binding obligation of DSLT, enforceable against DSLT in accordance with its terms, except as the enforcement hereof may be limited by bankruptcy, insolvency, moratorium, or other laws relating to or limiting creditors' rights generally or by general principles of equity, regardless of whether such enforceability is considered in a proceeding at law or in equity.
Authority; Power. The execution and delivery of this Agreement by each of Parent and Sub has been authorized by all necessary corporate action on the part of Parent and Sub. Each of Parent and Sub has the requisite corporate power and authority to execute and deliver this Agreement, to consummate the Merger (subject to shareholder approval as contemplated hereby) and to take any and all other actions required to be taken by it pursuant to the provisions of this Agreement. This Agreement constitutes the legal, valid, and binding obligation of each of Parent and Sub, enforceable against each of them in accordance with its terms, except as the enforcement hereof may be limited by bankruptcy, insolvency, moratorium, or other laws relating to or limiting creditors' rights generally or by general principles of equity, regardless of whether such enforceability is considered in a proceeding at law or in equity.
Authority; Power. Each Old GP and the LP has all necessary power and authority to execute and deliver this Agreement and the Other Agreements to which it is a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Other Agreements and the consummation of the transactions contemplated by this Agreement and the Other Agreements have been duly and validly authorized by all necessary action on the part of each Old GP, the LP and the Partnership and no other proceedings on the part of either Old GP, the LP or the Partnership are necessary to authorize this Agreement or the Other Agreements or to consummate the transactions contemplated hereby or thereby. Each Old GP and the LP has the power and authority to enter into, deliver and perform this Agreement and the Other Agreements to which it is a party. This Agreement and the Other Agreements are the legal, valid and binding obligations of each Old GP and the LP that is a party thereto enforceable against each of them in accordance with their respective terms.
