Common use of Formation; Authority Clause in Contracts

Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state of its formation. Buyer has full power and authority to enter into this Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer in connection with the entering into this Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof.

Appears in 5 contracts

Samples: Terms of Agreement (City Office REIT, Inc.), Terms of Agreement (City Office REIT, Inc.), Agreement of Purchase and Sale and Joint Escrow Instructions (Flexsteel Industries Inc)

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Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state jurisdiction of its formation. Buyer has full power and authority to enter into this Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer in connection with the entering into of this Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof.

Appears in 2 contracts

Samples: Escrow Holdback Agreement (RREEF Property Trust, Inc.), Purchase and Sale Agreement (CIM Commercial Trust Corp)

Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state of its formation. Buyer has full power and authority to enter into this Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer in connection with the entering into of this Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (NetApp, Inc.), Agreement of Purchase and Sale and Joint Escrow Instructions (NetApp, Inc.)

Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state of its formation. Buyer has full power and authority to enter into this Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer in connection with the entering into this Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof. CONFIDENTIAL TREATMENT REQUESTED BY INTUIT INC.

Appears in 1 contract

Samples: Assignment of Contracts and Assumption Agreement (Intuit Inc)

Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state jurisdiction of its formation. Buyer has full power and authority to enter into this Restated Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer in connection with the entering into of this Restated Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Restated Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CIM Commercial Trust Corp)

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Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state of its formation. Buyer Xxxxx has full power and authority to enter into this Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer Xxxxx in connection with the entering into this Agreement and the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Assets Trust, L.P.)

Formation; Authority. Buyer is duly formed, validly existing and in good standing under the laws of the state of its formation. Buyer has full power and authority to enter into this Agreement and the instruments referenced herein, and to consummate the transactions contemplated hereby. All requisite action has been taken by Buyer in connection with the entering into this Agreement and has or will be taken with respect to the instruments referenced herein, and the consummation of the transactions contemplated hereby. The individuals executing this Agreement and the instruments referenced herein on behalf of Buyer have the legal power, right and actual authority to bind Buyer to the terms and conditions hereof and thereof.

Appears in 1 contract

Samples: Form of Agreement (City Office REIT, Inc.)

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