Common use of Authorization and Execution Clause in Contracts

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Seller, has been duly executed and delivered by Seller, constitutes the valid and binding agreement of Seller and is enforceable in accordance with its terms.

Appears in 17 contracts

Samples: Stock Purchase Agreement (Sun Life Financial Inc), Purchase and Sale Agreement (Apple REIT Seven, Inc.), Purchase and Sale Agreement (Apple REIT Seven, Inc.)

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Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Seller, has been duly executed and delivered by Seller, constitutes the valid and binding agreement of Seller and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Seller has the authority to do so.

Appears in 10 contracts

Samples: Purchase and Sale Agreement (Ashford Hospitality Trust Inc), Purchase and Sale Agreement (Ashford Hospitality Trust Inc), Purchase and Sale Agreement (Braemar Hotels & Resorts Inc.)

Authorization and Execution. This Agreement (and all documents contemplated hereby) has been duly authorized by all necessary action on the part of Seller, has been duly executed and delivered by Seller, constitutes the valid and binding agreement of Seller and is enforceable against Seller in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting creditors’ rights generally or by the principles governing the availability of equitable remedies. The Person executing this Agreement on behalf of Seller, for and on behalf of Seller, has the authority to do so.

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Lodging Fund REIT III, Inc.), Purchase and Sale Agreement (Lodging Fund REIT III, Inc.)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms.

Appears in 5 contracts

Samples: Purchase Agreement (Humphrey Hospitality Trust Inc), Purchase Agreement (Humphrey Hospitality Trust Inc), Purchase Agreement (Humphrey Hospitality Trust Inc)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms. There is no other person or entity who has an ownership interest in the Property or whose consent is required in connection with the Seller's performance of its obligations hereunder.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Innkeepers Usa Trust/Fl), Agreement of Purchase and Sale (Innkeepers Usa Trust/Fl), Purchase and Sale Agreement (Innkeepers Usa Trust/Fl)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms. There is no other person or entity who has an ownership interest in the Property to be sold hereunder by the Seller or whose consent is required in connection with the Seller’s performance of its obligations hereunder.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Chatham Lodging Trust), Purchase and Sale Agreement (Chatham Lodging Trust)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Seller, has been duly executed and delivered by Seller, constitutes the valid and binding agreement of Seller and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Xxxxxx has the authority to do so.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ashford Hospitality Trust Inc), Purchase and Sale Agreement (Ashford Inc.)

Authorization and Execution. This Agreement has been duly authorized --------------------------- by all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms.

Appears in 2 contracts

Samples: Purchase Leaseback Agreement (Hersha Hospitality Trust), Purchase Agreement (Hersha Hospitality Trust)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of SellerSELLER, has been duly executed and delivered by SellerSELLER, constitutes the valid and binding agreement of Seller SELLER and is enforceable in accordance with its terms. There is no other Person whose consent is required in connection with SELLER’s performance of its obligations hereunder. The person executing this Agreement on behalf of SELLER has the authority to do so.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Authorization and Execution. This Subject to the board approval set forth in Section 5.2(d), this Agreement has been duly authorized by all necessary action on the part of Seller, has been duly executed and delivered by Seller, constitutes the valid and binding agreement of Seller and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Seller has the authority to do so.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ashford Hospitality Prime, Inc.)

Authorization and Execution. This Agreement has been duly authorized ---------------------------- by all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms. There is no other person or entity who has an ownership interest in the Property or whose consent is required in connection with the Seller's performance of its obligations hereunder.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Hudson Hotels Trust)

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Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of each Seller, has been duly executed and delivered by each Seller, constitutes the valid and binding agreement of each Seller and is enforceable in accordance with its terms. There is no other person or entity who has an ownership interest in the Property to be sold hereunder by each Seller or whose consent is required in connection with each Seller’s performance of its obligations hereunder (which consent has not been obtained).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chatham Lodging Trust)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Sellerthe Sellers, has been duly executed and delivered by Sellerthe Sellers, constitutes the valid and binding agreement of Seller the Sellers and is enforceable in accordance with its terms.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

Authorization and Execution. This Agreement has been duly authorized by --------------------------- all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of each Seller, has been duly executed and delivered by each Seller, constitutes the valid and binding agreement of each Seller and is enforceable in accordance with its terms. There is no other Person or entity who has an ownership interest in the Property to be sold hereunder by each Seller or whose consent is required in connection with each Seller’s performance of its obligations hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chatham Lodging Trust)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of each Seller, has been duly executed and delivered by each Seller, constitutes the valid and binding agreement of each Seller and is enforceable in accordance with its terms. The person executing this Agreement on behalf of each Seller has the authority to do so.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gaylord Entertainment Co /De)

Authorization and Execution. This Agreement has been --------------------------- duly authorized by all necessary action on the part of the Seller, has been duly executed and delivered by the Seller, constitutes the valid and binding agreement of the Seller and is enforceable in accordance with its terms.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

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