Common use of Organization and Power Clause in Contracts

Organization and Power. Acquirer is duly organized and validly existing, under the laws of the Commonwealth of Virginia, and has full right, power, and authority to enter into this Agreement and to perform all of its obligations under this Agreement; and, the execution and delivery of this Agreement and the performance by Acquirer of its obligations under this Agreement have been duly authorized by all requisite action of Acquirer and require no further action or approval of Acquirer's partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of Acquirer.

Appears in 30 contracts

Samples: Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.)

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Organization and Power. The Acquirer is duly organized and organized, validly existing, and in good standing under the laws of the Commonwealth State of VirginiaDelaware, and has full right, power, and authority to enter into this Agreement and to perform all of its obligations under this Agreement; and, the . The execution and delivery of this Agreement and the performance by the Acquirer of its obligations under this Agreement hereunder have been duly authorized by all requisite action of the Acquirer and require no further action or approval of the Acquirer's partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of the Acquirer.

Appears in 7 contracts

Samples: Contribution Agreement (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.)

Organization and Power. Acquirer is duly organized and validly existing, under the laws of the Commonwealth of Virginia, and has full right, power, and authority to enter into this Agreement and to perform all of its obligations under this Agreement; and, the execution and delivery of this Agreement and the performance by Acquirer of its obligations under this Agreement have been duly authorized by all requisite action of Acquirer and require no further action or approval of Acquirer's ’s partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of Acquirer.

Appears in 4 contracts

Samples: Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.)

Organization and Power. The Acquirer is a limited partnership duly organized organized, validly existing and validly existing, in good standing under the laws of the Commonwealth of Virginia, and has full rightall partnership powers and all governmental licenses, powerauthorizations, consents and authority approvals to carry on its business as now conducted and to enter into this Agreement and to perform all of its obligations under this Agreement; and, the execution and delivery of this Agreement and the performance by Acquirer of its obligations under this Agreement have been duly authorized by all requisite action and any document or instrument required to be executed and delivered on behalf of the Acquirer and require no further action or approval of Acquirer's partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of Acquirerhereunder.

Appears in 3 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

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Organization and Power. Acquirer is duly organized and validly existing, under the laws of the Commonwealth of Virginia, and has full right, power, and authority to enter into this Agreement and to assume and perform all of its obligations under this Agreement; and, the execution and delivery of this Agreement and the performance by Acquirer of its obligations under this Agreement have been duly authorized by all requisite action of Acquirer and require no further action or approval of Acquirer's partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of Acquirer.

Appears in 2 contracts

Samples: Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.)

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