Common use of Landlord’s Authority Clause in Contracts

Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iv) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (v) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s business as any of the foregoing may have been supplemented or amended in any manner

Appears in 16 contracts

Samples: Lease Agreement (Power REIT), Lease Agreement (Millennium Investment & Acquisition Co Inc.), Lease Agreement (Power REIT)

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Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (iia) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iiib) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (ivc) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (vd) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may beapproved, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other 's charters, agreements, rules or regulations governing Landlord’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 2 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement

Landlord’s Authority. 32.1 As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (ii) Landlord owns the Premises and has the right to grant a leasehold interest to Tenant and Landlord has not granted to any other party the right to use or occupy the Premises; (iii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iv) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s 's organization and has full power and authority to enter into this Lease, to perform Landlord’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (v) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may beapproved, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other 's charters, agreements, rules or regulations governing Landlord’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Commercial Lease Agreement

Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord (and, individually each party executing this Lease on behalf of Landlord), intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iiiii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iviii) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (viv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement (Website Pros Inc)

Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iv) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (v) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Landlord is not in conflict with LandlordLxxxxxxx’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s business as any of the foregoing may have been supplemented or amended in any manner

Appears in 1 contract

Samples: Lease Agreement (Power REIT)

Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iv) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (v) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement (Power REIT)

Landlord’s Authority. As a material inducement to Tenant to enter into this LeaseSublease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that, subject to obtaining the consent of the Master Landlord and Master Landlord's mortgagee pursuant to the terms of the Master Lease: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease Sublease on behalf of Landlord and to deliver this Lease Sublease to Tenant; (iiiii) This Lease Sublease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this LeaseSublease; (iviii) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s 's organization and has full power and authority to enter into this LeaseSublease, to perform Landlord’s 's obligations under this Lease Sublease in accordance with the terms of this LeaseSublease, and to transact business in the state in which the Premises are located; and (viv) The execution of this Lease Sublease by the individual or individuals executing this Lease Sublease on behalf of Landlord, and the performance by Landlord of Landlord’s 's obligation under this LeaseSublease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease Sublease by Landlord is not in conflict with Landlord’s 's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Sublease Agreement (A21 Inc)

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Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iiiii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iviii) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s 's organization and has full power and authority to enter into this Lease, to perform Landlord’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (viv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s 's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement (Aerobic Creations, Inc.)

Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord, intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iiiii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iviii) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (viv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s obligation 's obligations under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may beapproved, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other 's charters, agreements, rules or regulations governing Landlord’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement

Landlord’s Authority. As a material inducement to Tenant to enter into this Lease, Landlord (and, individually each party executing this Lease on behalf of Landlord), intending that Tenant rely thereon, represents and warrants to Tenant that: (i) Landlord is the fee owner of the Property. (ii) Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; (iiiii) This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; (iviii) Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord’s organization and has full power and authority to enter into this Lease, to perform Landlord’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (viv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord, and the performance by Landlord of Landlord’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Landlord is not in conflict with Landlord’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord’s business as any of the foregoing may have been supplemented or amended in any manner

Appears in 1 contract

Samples: Lease Agreement (Website Pros Inc)

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