Common use of Corporate/Partnership Powers Clause in Contracts

Corporate/Partnership Powers. The execution, delivery and performance of the Loan Documents required to be delivered by each Credit Party hereunder are within the authority of such entity and the powers of the Borrower under its partnership agreement have been duly authorized by all requisite action, and are not in conflict with the terms of any organizational instruments of such entity, or any instrument or agreement to which such Credit Party is a party or by which such Credit Party or any of its respective assets may be bound or affected.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Great Lakes Reit Inc)

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Corporate/Partnership Powers. The execution, delivery and performance of the Loan Documents required to be delivered by each Credit Party hereunder are within the power and authority of such entity and the powers of the Borrower under its partnership agreement have been duly authorized by all requisite action, and are not in conflict with the terms of any organizational instruments of such entity, or any instrument or agreement to which such Credit Party is a party or by which such Credit Party or any of its respective assets may be bound or affected.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Great Lakes Reit)

Corporate/Partnership Powers. The execution, delivery and performance of the Loan Documents required to be delivered by each Credit Party hereunder are within the authority of such entity and the powers of the Borrower under its partnership agreement agent have been duly authorized by all requisite action, and are not in conflict with the terms of any organizational instruments of such entity, or any instrument or agreement to which such Credit Party is a party or by which such Credit Party or any of its respective assets may be bound or affected.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Great Lakes Reit Inc)

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Corporate/Partnership Powers. The execution, delivery and performance of the Loan Documents required to be delivered by each Credit Party hereunder are within the authority of such entity and the powers of the Borrower under its partnership agreement general partners of each such entity which is a partnership, have been duly authorized by all requisite action, and are not in conflict with the terms of any organizational instruments of such entity, or any instrument or agreement to which such Credit Party is a party or by which such Credit Party or any of its respective assets may be bound or affected.

Appears in 1 contract

Samples: Revolving Credit Agreement (LNR Property Corp)

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