Common use of Buyer’s Authorization Clause in Contracts

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership of Buyer will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 5 contracts

Samples: Real Estate Purchase and Sale Agreement (Capital Lease Funding Inc), Real Estate Purchase and Sale Agreement (Capital Lease Funding Inc), Real Estate Purchase and Sale Agreement (Capital Lease Funding Inc)

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Buyer’s Authorization. Buyer (and as used in this Section 9.1.1, the term Buyer includes any general partners or managing members of Buyer) (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware its State of organization and, as and to the extent required by Laws for this Transaction, the State in which the Property is located, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.), Purchase and Sale Agreement (Prudential Bache Watson & Taylor LTD 2), Purchase and Sale Agreement (Prudential Bache Watson & Taylor LTD 2)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware its State of organization, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, Buyer and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, Buyer enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (NTS Realty Holdings Lp), Purchase and Sale Agreement (NTS Realty Holdings Lp), Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

Buyer’s Authorization. Buyer (a) was formed or organized and is duly organized (or formed), validly existing and in good standing under the laws of Delaware its state of formation or organization and the state in which the Property is located, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder thereunder, will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Umh Properties, Inc.), Purchase and Sale Agreement (Umh Properties, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) its State of organization and the State in which the Property is located, and is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, Buyer have been duly authorized by all requisite partnership or and corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CBL & Associates Properties Inc), Purchase and Sale Agreement (CBL & Associates Properties Inc)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware its State of organization and, to the extent required by Law, the State in which the Property is located, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer Buyer, company and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Grubb & Ellis Apartment REIT, Inc.), Purchase and Sale Agreement (Grubb & Ellis Apartment REIT, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) its State of organization and the State in which the Property is located, and is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, Buyer have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement of partnership or articles of incorporation and by-laws of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Omni Financial Services, Inc.), Purchase and Sale Agreement (Prudential Realty Acquisition Fund Ii Lp)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware its State of organization and, to the extent required by Law, the State in which the Property is located, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.)

Buyer’s Authorization. Buyer (ai) is duly organized (or formed), validly existing and in good standing under the laws of Delaware its State of organization and, to the extent required by law, the State in which the Property is located, (bii) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyerhereunder, and (ciii) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder hereby to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder or any other document to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 2 contracts

Samples: Loan Agreement (Washington Prime Group, L.P.), Lease Agreement

Buyer’s Authorization. Buyer (a) is duly organized (or formed)incorporated, validly existing and in good standing under the laws Laws of Delaware its State of incorporation and, to the extent required by Law, the State in which the Property is located, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware the State of its organization and, to the extent required by Law, each State in which a Property is located, (b) is authorized to consummate the Transaction and fulfill all of its respective obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and ,(c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law Laws or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) the United States of America and the State in which the Property is located, and is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement of partnership or articles of incorporation and by-laws of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.. 7.1.2

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)

Buyer’s Authorization. Buyer (a) is duly organized (or formed)organized, validly existing and in good standing under the laws of Delaware (b) its State of organization and the State of New Jersey, and is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement articles of partnership incorporation and by-laws of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp)

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Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware the State of its organization and, to the extent required by Law, each State in which a Property is located, (b) is authorized to consummate the Transaction and fulfill all of its respective obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law Laws or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) its State of organization and the State in which the Property is located, and is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, Buyer and (c) has all necessary power and capacity to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement of partnership or articles of incorporation and by-laws of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware the State of Delaware, (b) is authorized to consummate the Transaction Transactions and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Income Trust, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) its State of organization and the State in which the Property is located, and is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement of partnership or articles of incorporation and by-laws of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware its State of organization and, to the extent required by Law, the State in which the Property is located, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws of Delaware (b) Maryland and the State in which the Property is located, and is authorized to consummate the Transaction transactions contemplated hereby and fulfill all of its respective obligations hereunder and under all documents contemplated hereunder to be executed by Buyer, and (c) Buyer has received all necessary power to execute and deliver this Agreement and all documents contemplated hereunder to be executed by Buyer, and to perform all of its Buyer's obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder to be executed by Buyer, have been duly authorized by all requisite partnership or corporate action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law law or any provision of the agreement of partnership or articles of incorporation and by-laws of the Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Meridian Industrial Trust Inc)

Buyer’s Authorization. Buyer (a) is duly organized (or formed), validly existing and in good standing under the laws Laws of Delaware the State of Delaware, (b) is authorized to consummate the Transaction and fulfill all of its obligations hereunder and under all documents contemplated hereunder Closing Documents to be executed by Buyer, and (c) has all necessary power to execute and deliver this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, and to perform all of its Buyer’s obligations hereunder and thereunder. This Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, Buyer have been duly authorized by all requisite partnership partnership, corporate or corporate other required action on the part of Buyer and are the valid and legally binding obligations obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all documents contemplated hereunder Closing Documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result in the violation of any Law or any provision of the agreement of partnership organizational documents of Buyer or will conflict with any order or decree of any court or governmental instrumentality of any nature by which Buyer is bound.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Income Trust, Inc.)

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