Limited Liability Company Status. The Company is a limited liability company duly formed and validly existing under the Illinois Limited Liability Company Act.
Limited Liability Company Status. No change will be made in Tel's Limited Liability Status.
Limited Liability Company Status. Seller is a limited liability company duly organized and validly existing under the laws of State of North Carolina and is, or will be on the applicable Closing Date, duly authorized to do business in the state in which the Property is located in accordance with local law. P-51 Associates is the managing manager of Seller and has been duly authorized and empowered by Seller's members to execute this Agreement and all documents in connection herewith.
Limited Liability Company Status. Acquiror (a) is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware, and (b) has all requisite limited liability company power and authority to carry on its business as now and heretofore conducted and to own, operate and lease its properties, and (c) is duly qualified or licensed to transact business in and is in good standing as a foreign limited liability company in all jurisdictions where Acquiror is required to be qualified or licensed to do business as a foreign limited liability company.
Limited Liability Company Status. The Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and (a) has all requisite limited liability company power and authority to carry on its business as it is now being conducted and (b) is duly qualified to do business and is in good standing in each of the jurisdictions in which the conduct of its business requires it to be so qualified, licensed or authorized, except where the failure to have such power and authority or to be so qualified, licensed or authorized could not reasonably be expected to have a material adverse effect on the Seller or the transactions contemplated by this Agreement. The Seller has made available to the Purchaser true, complete and accurate copies of the certificate of formation, limited liability company agreement, regulations or other organizational or governing documents of the Seller, each as in effect on the date hereof.
Limited Liability Company Status. The Purchaser is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and the Purchaser (a) has all requisite power and authority to carry on its business as it is now being conducted and (b) is duly qualified to do business and is in good standing in each of the jurisdictions in which the conduct of its business requires it to be so qualified, licensed or authorized, except where the failure to have such power and authority or to be so qualified, licensed or authorized could not reasonably be expected to result in a material adverse effect on the Purchaser or the transactions contemplated by this Agreement.
Limited Liability Company Status. Buyer (a) is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware, and (b) has all requisite limited liability company power and authority to carry on its business as now and heretofore conducted and to own, operate and lease its properties.
Limited Liability Company Status. Investor is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Illinois.
Limited Liability Company Status. Purchaser is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and Purchaser (a) has all requisite power and authority to carry on its business as it is now being conducted, and (b) is duly qualified to do business and is in good standing in each of the jurisdictions in which the ownership, operation or leasing of its properties and assets and the conduct of its business requires it to be so qualified, licensed or authorized, except where the failure to have such power and authority or to be so qualified, licensed or authorized would not result in a Material Adverse Effect on Purchaser.
Limited Liability Company Status. Mortgagor represents and warrants to Mortgagee that Mortgagor is a limited liability company organized and existing under the laws of the State of Florida and has been duly and validly formed. Mortgagor further warrants that it has the power, authority and legal right to carry on the business now being conducted by it and to engage in the transactions contemplated by this Mortgage and that the execution and delivery of this Mortgage and the other loan documents delivered herewith and the performance and observance of the provisions thereof have been duly authorized by all necessary company action. Mortgagor covenants and agrees not to do anything that would cause a termination of the limited liability company nor in any way adversely affect its good standing within the State of Florida. Any and all annual filing reports and any other reports required by the State of Florida or any other governmental entity shall be filed in a timely manner, and proof of said filing shall be furnished to Mortgagee upon request.
