Evidence of Authorization. At the Close of Escrow, each party shall deliver to the other party evidence in form and content reasonably satisfactory to the other party and the Title Company that (a) the party is duly organized and validly existing under the laws of the state of its organization and has the power and authority to enter into this Agreement, (b) this Agreement and all documents delivered pursuant hereto have been duly executed and delivered by the party, and (c) the performance by the party of its obligations under this Agreement have been duly authorized by all necessary corporate, partnership or other action.
Appears in 6 contracts
Samples: Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc), Purchase and Sale Agreement (Aspen Enterprises International Holdings LTD), Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc)
Evidence of Authorization. At the Close of Escrow, each party shall deliver to the other party an opinion of its counsel or other evidence in form and content reasonably satisfactory to the other party and the Title Company that (a) the party is duly organized and validly existing under the laws of the state of its organization and has the power and authority to enter into this Agreement, (b) this Agreement and all documents delivered pursuant hereto have been duly executed and delivered by the party, and (c) the performance by the party of its obligations under this Agreement have been duly authorized by all necessary corporate, partnership corporate or other action.
Appears in 1 contract
Samples: Purchase and Sale Agreement and Joint Escrow Instructions (G Reit Inc)
