Common use of Landlord’s Reliance Clause in Contracts

Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the “Financial Information”). From time to time, upon five (5) days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of Default, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of Tenant’s publicly available financial information (i.e., SEC filings). As a material inducement to Landlord to enter into this Lease, Tenant represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and presents a fair representation of Tenant’s financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership or a limited liability company: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New Jersey; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 2 contracts

Samples: Princeton South Corporate Center Office Lease (Celator Pharmaceuticals Inc), Princeton South Corporate Center Office Lease (Celator Pharmaceuticals Inc)

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Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the “Financial Information”). From time to time, upon five (5) days written request by Landlord but no more frequently than once in the event of a prospective sale or refinancing of the Building or following an Event of Defaultany twelve (12) month period, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and the form routinely prepared for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of Tenant’s publicly available investors, in order for Landlord to properly determine Tenant’s then financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and presents a fair representation of Tenant’s financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and the Tenant has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership corporation or a limited liability companypartnership: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyPennsylvania; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, corporate or partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 2 contracts

Samples: Commercial Lease Agreement (Trevena Inc), Commercial Lease Agreement (Trevena Inc)

Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the "Financial Information"). From time to time, upon within five (5) business days after written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of DefaultLandlord, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and information, in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of to properly determine Tenant’s publicly available 's then existing financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and presents a fair representation of Tenant’s 's financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are is fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership limited liability company or a limited liability companypartnership: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New Jerseythe municipality within Bucks County, Pennsylvania in which the Building is located; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: Lease Agreement (Oculus Innovative Sciences, Inc.)

Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the "Financial Information"). From time to time, upon five (5) days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of DefaultLandlord, Tenant will submit to Landlord current financial statements or information (any such other financial information reasonably requested by Landlord and is hereinafter referred to as the "Updated Financial Information"), in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of to determine properly Tenant’s publicly available 's then financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information (and, upon submission, the Updated Financial Information) is complete, true and correct in all material respects and a presents a fair representation of Tenant’s 's financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership or a limited liability company: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyGeorgia; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: CTN Media Group Inc

Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the "Financial Information"). From time to time, upon five twenty (520) days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of DefaultLandlord, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and information, in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of to determine properly Tenant’s publicly available 's then financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and a presents a fair representation of Tenant’s 's financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgmentjudgement, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership or a limited liability company: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyPennsylvania; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: Office Lease (I Trax Com Inc)

Landlord’s Reliance. Landlord has executed the Lease in reliance upon ------------------- certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the "Financial Information"). From time to time, upon five (5) business days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of DefaultLandlord, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and information, in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of to properly determine Tenant’s publicly available 's then financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and a presents a fair representation of Tenant’s 's financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall does not constitute a violation of any contract, agreement, undertaking, judgmentjudgement, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership corporation or a limited liability companypartnership: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyPennsylvania; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, corporate or partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: Office Lease (Styrochem International LTD)

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Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has his been submitted by Tenant to Landlord prior to the execution of the Lease (the "Financial Information"). From time to time, upon five (5) days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of DefaultLandlord, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and information, in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of to determine properly Tenant’s publicly available 's then financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and a presents a fair representation of Tenant’s 's financial condition at the time of signing of this Lease; , (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (vii) if Tenant is a corporation, corporation or a partnership or a limited liability company: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyPennsylvania; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, partnership corporate or limited liability company Partnership action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: Office Lease (Magainin Pharmaceuticals Inc)

Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the "Financial Information"). From time to time, upon five (5) days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an Event of DefaultLandlord, Tenant will submit to Landlord current financial statements or such other financial information reasonably requested by Landlord and financial, information, in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long as, Tenant is a public company, Tenant may satisfy the foregoing requirement by providing Landlord with copies of to properly determine Tenant’s publicly available 's then financial information (i.e., SEC filings)condition. As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and a presents a fair representation of Tenant’s 's financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iv) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (v) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (vi) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full fall capacity to enter into this Lease; and (vii) if Tenant is a corporation, a partnership corporation or a limited liability companypartnership: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyPennsylvania; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, corporate or partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: Lease Agreement (Infoactiv Inc)

Landlord’s Reliance. Landlord has executed the Lease in reliance upon certain financial information which has been submitted by Tenant to Landlord prior to the execution of the Lease (the “Financial Information”). From time to time, upon Within five (5) business days written request by Landlord in the event of a prospective sale or refinancing of the Building or following an monetary Event of Default, Tenant will submit to Landlord current non-confidential financial statements or such other financial information reasonably requested by Landlord and information, in such detail as is reasonably satisfactory to Landlord; provided, however, that if, and in order for so long asLandlord to determine properly Tenant's then financial condition. In the event of a sale or refinancing of the Building, Tenant is shall cooperate with Landlord in providing a public company, Tenant may satisfy potential lender or buyer with non-confidential information as to the foregoing requirement by providing Landlord with copies financial condition of Tenant’s publicly available financial information (i.e., SEC filings). As a material inducement to Landlord to enter into this Lease, Tenant (and each party executing this Lease on behalf of Tenant individually) represents and warrants to Landlord that: (i) the Financial Information is complete, true and correct in all material respects and presents a fair representation of Tenant’s financial condition at the time of signing of this Lease; (ii) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver the same to Landlord; (iiiii) the execution, delivery and full performance of this Lease by Tenant do not and shall not constitute a violation of any contract, agreement, undertaking, judgment, law, decree, governmental or court order or other restriction of any kind to which Tenant is a party or by which Tenant may be bound; (iviii) Tenant has executed this Lease free from fraud, undue influence, duress, coercion or other defenses to the execution of this Lease; (viv) this Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms; (viv) each individual executing this Lease on behalf of Tenant is legally competent, has attained the age of majority and has full capacity to enter into this Lease; and (viivi) if Tenant is a corporation, a partnership or a limited liability company: (a) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and has full power and authority to enter into this Lease, to perform its obligations under this Lease in accordance with its terms, and to transact business in New JerseyPennsylvania; (b) the execution of this Lease by the individual or individuals executing it on behalf of Tenant, and the performance by Tenant of its obligations under this Lease, have been duly authorized and approved by all necessary corporate, partnership or limited liability company action, as the case may be; and (c) the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation, agreement of partnership, limited liability company operating agreement or certificate of formation or other organization documents or charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented, modified, amended, or altered in any manner. Landlord represents and warrants to Tenant that: (i) Landlord is the owner of the Building; (ii) Landlord has the authority to enter into this Lease without the consent or approval of any governmental authority; (iii) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord by such signature.

Appears in 1 contract

Samples: Radnor Technology and Research Center Office and Cafeteria Lease (BioMed Realty Trust Inc)

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