Common use of Due Authorization of Partnership Agreement Clause in Contracts

Due Authorization of Partnership Agreement. The Partnership Agreement has been duly and validly authorized, executed and delivered by or on behalf of the partners of the Operating Partnership and constitutes a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity. The amendment to the Partnership Agreement setting forth the terms of the Series G Units (the “Partnership Agreement Amendment”) will be, by the Closing Time, duly and validly authorized, executed and delivered. The Partnership Agreement Amendment will, by the Closing Time, constitute a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity.

Appears in 1 contract

Samples: Underwriting Agreement (Ashford Hospitality Trust Inc)

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Due Authorization of Partnership Agreement. The Partnership Agreement has been duly and validly authorized, executed and delivered by or on behalf of the partners of the Operating Partnership and constitutes a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity. The amendment to the Partnership Agreement setting forth the terms of the Series G H Units (the “Partnership Agreement Amendment”) will be, by the Closing Time, duly and validly authorized, executed and delivered. The Partnership Agreement Amendment will, by the Closing Time, constitute a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity.

Appears in 1 contract

Samples: Underwriting Agreement (Ashford Hospitality Trust Inc)

Due Authorization of Partnership Agreement. The Partnership Agreement has been duly and validly authorized, executed and delivered by or on behalf of the partners of the Operating Partnership and constitutes a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity. The amendment to the Partnership Agreement setting forth the terms of the Series G I Units (the “Partnership Agreement Amendment”) will be, by the Closing Time, duly and validly authorized, executed and delivered. The Partnership Agreement Amendment will, by the Closing Time, constitute a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity.

Appears in 1 contract

Samples: Underwriting Agreement (Ashford Hospitality Trust Inc)

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Due Authorization of Partnership Agreement. The Partnership Agreement has been duly and validly authorized, executed and delivered by or on behalf of the partners of the Operating Partnership and constitutes a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity. The amendment to the Partnership Agreement setting forth the terms of the Series G F Units (the “Partnership Agreement Amendment”) will be, by the Closing Time, duly and validly authorized, executed and delivered. The Partnership Agreement Amendment will, by the Closing Time, constitute a valid and binding agreement of the parties thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general principles of equity.

Appears in 1 contract

Samples: Underwriting Agreement (Ashford Hospitality Trust Inc)

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