Common use of Authorization and Effect of Agreement Clause in Contracts

Authorization and Effect of Agreement. Purchaser has the requisite power to execute and deliver this Agreement and to consummate the transactions contemplated hereby to be consummated by it. The execution and delivery by Purchaser of this Agreement and the Stockholders Agreement and the consummation by it of the transactions contemplated hereby and thereby to be consummated by it have been duly authorized by all necessary corporate action on the part of the ultimate general partner of the Purchaser. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement

Authorization and Effect of Agreement. Purchaser has the requisite corporate power to execute and deliver this Agreement and to consummate perform the transactions contemplated hereby by this Agreement to be consummated performed by itPurchaser. The execution and delivery by Purchaser of this Agreement and the Stockholders Agreement and the consummation performance by it Purchaser of the transactions contemplated hereby and thereby by this Agreement to be consummated performed by it Purchaser have been duly authorized by all necessary corporate action on the part of the ultimate general partner Purchaser, Purchaser's board of the directors and, if applicable, Purchaser's stockholders and holders of Purchaser's indebtedness. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser and, assuming the due execution and delivery of this AgreementAgreement by Seller, constitutes a valid and binding obligation of Purchaser enforceable in accordance with its terms.

Authorization and Effect of Agreement. The Purchaser has the requisite power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby to be consummated by ithereby. The execution and delivery by the Purchaser of this Agreement and the Stockholders Agreement and the consummation by it the Purchaser of the transactions contemplated hereby and thereby to be consummated by it have been duly authorized by all necessary corporate action on the part of the ultimate general partner of the Purchaser. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by the Purchaser and, assuming the due execution and delivery of this Agreement, constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute execute, deliver and deliver this Agreement and to consummate perform its obligations under each of the transactions contemplated hereby Transaction Documents executed or to be consummated executed by itPurchaser. The execution execution, delivery and delivery performance by Purchaser of this Agreement and the Stockholders Agreement and the consummation by it each of the transactions contemplated hereby and thereby Transaction Documents executed or to be consummated executed by it Purchaser have been duly authorized by all necessary corporate action on the part board of the ultimate general partner directors of the Purchaser. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser. This Agreement constitutes, and each of the other Transaction Documents to be executed by Purchaser andwill constitute, assuming the due execution valid and delivery binding obligation of this AgreementPurchaser, enforceable against Purchaser in accordance with its terms.

Authorization and Effect of Agreement. Purchaser Buyer has _____________________________________ the requisite corporate power and authority to execute and deliver this Agreement Agreement, to carry on the Business as presently conducted and to consummate the transactions contemplated hereby to be consummated by itfulfill all other obligations of Buyer under this Agreement. The execution and delivery by Purchaser Buyer of this Agreement and the Stockholders Agreement and the consummation fulfillment by it of the transactions contemplated hereby and thereby to be consummated by it its obligations under this Agreement have been duly authorized by all necessary corporate action on the part of Buyer. Buyer has the ultimate general partner requisite legal capacity to purchase, own and hold the Purchased Property upon the consummation of the PurchaserSale. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this AgreementAgreement by Seller, constitutes a valid and binding obligation of Buyer. 9.2.3

Authorization and Effect of Agreement. Purchaser Buyer has the requisite corporate power and authority to execute and deliver this Agreement and to consummate perform the transactions contemplated hereby to be consummated performed by it. The execution and delivery by Purchaser Buyer of this Agreement and the Stockholders Agreement and the consummation performance by it of the transactions contemplated hereby and thereby to be consummated performed by it have been duly authorized by all necessary corporate action on the part of the ultimate general partner of the PurchaserBuyer. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this AgreementAgreement by Seller, constitutes a valid and binding obligation of Buyer, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power to execute and deliver this Agreement and to consummate perform the transactions contemplated hereby to be consummated performed by it. The All necessary corporate action required to be taken for the due authorization of the execution and delivery by Purchaser of this Agreement and the Stockholders Agreement and the consummation performance by it Purchaser of the transactions contemplated hereby and thereby to be consummated performed by it have Purchaser has been duly authorized taken by all necessary corporate action on the part of the ultimate general partner of the Purchaser. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser and, assuming the due execution and delivery of this AgreementAgreement by Seller, constitutes a valid and binding obligation of Purchaser.

Authorization and Effect of Agreement. Purchaser Buyer has the requisite corporate power to execute and deliver this Agreement and to consummate perform the transactions contemplated hereby by this Agreement to be consummated performed by itBuyer. The execution and delivery by Purchaser Buyer of this Agreement and the Stockholders Agreement and the consummation performance by it Buyer of the transactions contemplated hereby and thereby by this Agreement to be consummated performed by it Buyer have been duly authorized by all necessary corporate action on the part of the ultimate general partner of the PurchaserBuyer. This Agreement has been and the Stockholders Agreement will be duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this AgreementAgreement by Seller, constitutes a valid and binding obligation of Buyer enforceable in accordance with its terms.