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 I. Tax Exempt I 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 I 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. Upon release of the security interest in the Class B Membership Interest and the Note by the Lender, Seller will have all requisite capacity, power and authority to enter into this Agreement and to perform all of its obligations hereunder. This Agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as such enforceability may be limited by laws governing bankruptcy, insolvency and creditors’ rights generally.
Authority; Power. Buyer and the Guarantors, have all requisite capacity, power and authority to enter into this Agreement and to perform all of their obligations hereunder. This Agreement constitutes the legal, valid and binding obligation of Buyer and its Guarantors, enforceable against them in accordance with its terms, except as such enforceability may be limited by laws governing bankruptcy, insolvency and creditors’ rights generally.
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 action on the part of Purchaser. Purchaser has the requisite power and authority to enter into, deliver and perform this Agreement. This Agreement is, or upon the execution and delivery thereof will be, a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other laws relating to or affecting creditors' rights generally.
Authority; Power. The execution and delivery of this Agreement and the Other Documents and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action on the part of CharterMac. CharterMac has the requisite power and authority to enter into, deliver and perform this Agreement and the Other Documents. Upon their execution and delivery, this Agreement and the Other Documents will be legal, valid and binding obligations of CharterMac, enforceable against CharterMac in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other laws relating to or affecting creditors' rights generally.
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. 2.1.3
