Individual Liability. The individual who purports to execute this Contract on behalf of a purchasing legal entity will nevertheless be bound under this Contract in his or her individual capacity unless, prior to Closing, the individual provides Seller with a copy of (a) the articles or agreement by which the purchasing legal entity was created, as filed, if applicable, with the proper state office or authority, (b) a resolution of that legal entity authorizing (i) the transaction contemplated herein, and (ii) such individual to bind such legal entity in such transaction.
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Samples: Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract
Individual Liability. The individual who purports to execute this Contract on behalf of a purchasing legal entity will nevertheless be bound under this Contract in his or her individual capacity unless, prior to Closing, the individual provides Seller with a copy of (a) the articles or agreement by which the purchasing legal entity was created, as filed, if applicable, with the proper state office or authority, (b) a resolution of that legal entity authorizing
authorizing (i) the transaction contemplated herein, and (ii) such individual to bind such legal entity in such transaction.
Appears in 4 contracts
Samples: Auction Real Estate Purchase and Sale Contract, Real Estate Purchase and Sale Contract, Real Estate Purchase and Sale Contract
Individual Liability. The individual who purports to execute this Contract on behalf of a purchasing legal entity will nevertheless be bound under this Contract in his or her individual capacity unless, at least 15 days prior to Closing, the individual provides Seller with a copy of (a) the articles or agreement by which the a legal purchasing legal entity was created, as filed, if applicable, with the proper state office or authority, (b) a resolution of that legal entity authorizing
authorizing (i) the transaction contemplated herein, and (ii) such naming the individual to bind such Purchaser's legal entity in such transaction.
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Individual Liability. The individual who purports to execute this Contract on behalf of a purchasing legal entity will nevertheless be bound under this Contract in his or her individual capacity unless, at least 15 days prior to Closing, the individual provides Seller with a copy of (a) the articles or agreement by which the a legal purchasing legal entity was created, as filed, if applicable, with the proper state office or authority, (b) a resolution of that legal entity authorizing
authorizing (i) the transaction contemplated herein, and (ii) such naming the individual to bind such Purchaser's legal entity in such transaction.transaction.
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