Common use of Lessee’s Authority Clause in Contracts

Lessee’s Authority. Lxxxxx makes the following representations to Lessor, on which Lxxxxx is entitled to rely in executing this Lease. (i) Lessee has the power to enter into this Lease and the transactions contemplated hereby and to perform its obligations hereunder, and by proper resolution the signatory hereto has been duly authorized to execute and deliver this Lease; and (ii) the execution, delivery and performance of this Lease and the consummation of the transactions herein contemplated shall not conflict with or result in a violation or breach of, or a default under Lessor’s Articles of Incorporation or bylaws or partnership agreements, as amended, or any indenture, mortgage, deed of trust note, security agreement or other agreement or instrument to which Lessee is a party or by which it is bound or to which any of its properties is subject. Lessor may cancel this Lease if (1) Lessee is a Delaware Limited Liability Corporation (state of origin/type of entity) and Lessee fails to provide adequate documentation of Lessee’s existence and the authority of the individual executing this Lease on behalf of Lessee within ten business days of the date of execution of this Lease; or (2) Lessee fails to deliver a financial statement reasonably satisfactory to Lender at or prior to the date of execution of this Lease.

Lessee’s Authority. Lxxxxx Lessee makes the following representations to ------------------ Lessor, on which Lxxxxx Lessor is entitled to rely in executing this Lease. (i) Lessee has the power to enter into this Lease and the transactions contemplated hereby and to perform its obligations hereunder, and by proper resolution the signatory hereto has been duly authorized to execute and deliver this Lease; and (ii) the execution, delivery and performance of this Lease and the consummation of the transactions herein contemplated shall not conflict with or result in a violation or breach of, or a default under Lessor’s Lessee's Articles of Incorporation incorporation or bylaws or partnership agreements, as amended, or any indenture, mortgage, deed of trust note, security agreement or other agreement or instrument to which Lessee is a party or by which it is bound or to which any of its properties is subject. Lessor may cancel this Lease if (1) Lessee is a Delaware Limited Liability Florida Corporation ------------------- (state of origin/type of entity) and Lessee fails to provide adequate documentation of Lessee’s 's existence and the authority of the individual executing this Lease on behalf of Lessee within ten business days of the date of execution of this Lease; or (2) Lessee fails to deliver a financial statement reasonably satisfactory to Lender at or prior to the date of execution of this Lease.