Common use of Capacity to Sign Clause in Contracts

Capacity to Sign. All Members covenant that they possess all necessary capacity and authority to sign and enter this Agreement. All individuals signing this Agreement for a Member who is a corporation, a partnership, or other legal entity, or signing under a power of attorney or as a trustee, guardian, conservator, or in any other legal capacity, covenant that they have the necessary capacity and authority to act for, sign, and bind the respective entity or principal on whose behalf they are signing.

Appears in 3 contracts

Samples: Operating Agreement (Excel Legacy Corp), Operating Agreement (Excel Legacy Corp), Operating Agreement (Excel Legacy Corp)

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Capacity to Sign. All Members parties covenant that they possess all necessary capacity and authority to sign and enter this Agreement. All individuals signing this Agreement for a Member who is a corporation, a partnership, or other legal entity, or signing under a power of attorney or as a trustee, guardian, conservator, or in any other legal capacity, covenant that they have the necessary capacity and authority to act for, sign, and bind the respective entity or principal on whose behalf they are signing.

Appears in 1 contract

Samples: Agreement for License and Purchase (Spacedev Inc)

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