Execution and Performance of Documents Sample Clauses
The 'Execution and Performance of Documents' clause sets out the requirements and obligations for parties to properly sign and fulfill the terms of legal documents related to the agreement. It typically specifies who is authorized to execute documents, the manner in which signatures must be provided (such as in counterparts or electronically), and the timeframe for completing necessary paperwork. This clause ensures that all parties are legally bound by the documents they sign and that the agreement is enforceable, thereby reducing the risk of disputes over the validity or completeness of executed documents.
Execution and Performance of Documents. Documents to which the Venture is a party shall be executed and/or performed on behalf of the Venture by all the Venturers or by the Managing Partner or the Property Manager, as the case may be, where the Venturers give the Managing Partner or the Property Manager, as the case may be, the right to do so. No Person shall be required to inquire into said authority of the Venturers or the Managing Partner or the Property Manager to execute and/or perform any document on behalf of the Venture where the Venturers give the Managing Partner or the Property Manager the express and specific right to do so. Except as otherwise expressly provided in this Agreement, no Venturer or representative thereof shall have the authority or right to bind or act for the Venture or any of the other Venturers.
Execution and Performance of Documents. Documents to which the Company is a party shall be executed and/or performed on behalf of the Company by its JV Partner after the approval of such documents by the Board of Directors. No Person shall be required to inquire into said authority of the Board to execute and/or perform any document on behalf of the Company except as otherwise expressly provided in this Joint Venture Agreement, no Party or Member thereof shall have the authority or right to bind or act for any Company or any of the other Parties.
Execution and Performance of Documents. Developer -------------------------------------- hereby represents and warrants to Owner as follows:
(a) Developer has all requisite power and authority to execute and perform its respective obligations under the Documents.
(b) The execution by Developer and the performance by Developer of its obligations under each Documents have been authorized by all necessary action and do not and will not:
(i) require any consent or approval not heretofore obtained of any Person having any interest in Developer;
(ii) violate any provision of, or require any consent or approval not heretofore obtained under, the partnership agreement, articles of incorporation, bylaws or other governing documents applicable to Developer;
(iii) result in or require the creation or imposition of any lien, claim, charge or other right of others of any kind (other than under the Documents) on or with respect to any property or assets owned or leased by Developer;
(iv) violate any provision of any law, order, writ, judgment, injunction, decree, determination or award presently in effect; or
(v) conflict with or constitute a breach or default under, or permit the acceleration of obligations owed pursuant to, any contract, loan agreement, lease or other document to which Developer is a party or by which Developer or any of its property is bound.
(c) Developer, to the best of its knowledge, is not in default in any respect under any law, regulation, order, writ, judgment, injunction, decree, determination, award, contract, or lease.
(d) No approval, license, exemption or other authorization from, or filing, registration or qualification with, any Governmental Agency is required in connection with:
(i) the execution by Developer of, and the performance by Developer of its obligations under the Documents, other than customary building, drainage and construction permits which will be secured by Developer prior to undertaking those activities; and
Execution and Performance of Documents. Documents to which the Venture is a party (including but not limited to all documents on behalf of the Venture as an MSA Venturer) shall be executed and/or performed on behalf of the Venture by the Managing Partner or by an agent authorized by the Venture or the Managing Partner to execute such documents. No mortgagee, person, firm, trustee, grantee, partnership, corporation or other entity shall be required to inquire into said authority of the Venturers or the Managing Partner to execute and/or perform any document on behalf of the Venture. Except as otherwise expressly provided in this Agreement, no Venturer or representative thereof shall have the authority or right to bind or act for the Venture or any of the other Venturers.