Common use of Organization and Qualification; Authority Clause in Contracts

Organization and Qualification; Authority. Each of the REIT and the Subsidiaries, whether wholly or indirectly owned, (i) is a corporation duly incorporated, or a partnership, limited partnership or limited liability company duly formed, and is validly existing and in good standing under the laws of its jurisdiction of its incorporation or formation; (ii) has full corporate, partnership or limited liability company power and authority to own and lease its respective properties and carryon its respective business as presently conducted; and (iii) is duly qualified, registered or licensed as a foreign corporation, partnership, limited partnership or limited liability company to do business and is in good standing in each jurisdiction in which the ownership or leasing of its respective properties or the character of its present operations makes such qualification, registration or licensing necessary, except where the failure so to qualify or be in good standing would not reasonably be expected to have a material adverse effect on the condition (financial or otherwise), assets, business or results of operations (a "Material Adverse Effect") of the REIT and the Subsidiaries on a consolidated basis. The REIT has heretofore made available to Purchaser complete and correct copies of the Charter, the Articles Supplementary, and the by-laws or equivalent document of the REIT, each as amended and restated to date and as presently in effect (collectively, the "Charter Documents").

Organization and Qualification; Authority. Each of the REIT REIT, the Operating Partnership and the other Subsidiaries, whether wholly or indirectly owned, (i) is a corporation duly incorporated, incorporated or a partnership, limited partnership or limited liability company duly formed, formed and is validly existing and and, if applicable, in good standing under the laws of its the jurisdiction of its incorporation or formation; (ii) , has full corporate, partnership or limited liability company power and authority to own and lease its respective properties and carryon carry on its respective business as presently conducted; and (iii) , is duly qualified, registered or licensed as a foreign corporation, partnership, limited partnership or limited liability company to do business and is in good standing in each jurisdiction in which the ownership or leasing of its respective properties or the character of its present operations makes such qualification, registration or licensing necessary, except where the failure so to qualify or be in good standing would not reasonably be expected to have a material adverse effect on the condition (financial or otherwise), assets, business or results of operations of (a "Material Adverse Effect") of the REIT and the Subsidiaries on a consolidated basis. The REIT has heretofore made available to Purchaser Purchaser's Counsel complete and correct copies of the Charter, the Articles Supplementary, REIT's Charter Documents and the by-laws or equivalent document of the REITOperating Partnership's Partnership Documents, each as amended and restated to date and as presently in effect (collectively, the "Charter Documents")effect.

Organization and Qualification; Authority. Each of the REIT and the Subsidiaries, whether wholly or indirectly owned, (i) is a corporation duly incorporated, or a partnership, limited partnership or limited liability company duly formed, and is validly existing and in good standing under the laws of its jurisdiction of its incorporation or formation; (ii) has full corporate, partnership or limited liability company power and authority to own and lease its respective properties and carryon carry on its respective business as presently conducted; and (iii) is duly qualified, registered or licensed as a foreign corporation, partnership, limited partnership or limited liability company to do business and is in good standing in each jurisdiction in which the ownership or leasing of its respective properties or the character of its present operations makes such qualification, registration or licensing necessary, except where the failure so to qualify or be in good standing would not reasonably be expected to have a material adverse effect on the condition (financial or otherwise), assets, business or results of operations (a "Material Adverse Effect") of the REIT and the Subsidiaries on a consolidated basis. The REIT has heretofore made available to Purchaser Purchaser's Counsel complete and correct copies of the CharterArticles of Incorporation, the Articles Supplementary, and the by-laws or equivalent document of the REIT, each as amended and restated to date and as presently in effect (collectively, the "Charter Documents").