Common use of Organization; Authority; Qualification Clause in Contracts

Organization; Authority; Qualification. The Contributor is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation. The Contributor has all requisite power and authority to enter into this Agreement, each agreement contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary.

Appears in 3 contracts

Samples: Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.)

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Organization; Authority; Qualification. The Contributor is duly formed, validly existing and in good standing under the laws of the its jurisdiction of its formation. The Contributor formation and has all the requisite power and authority to enter into this Agreement, each agreement contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as it is presently conducted and, to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character ownership, leasing or operation of its property make such qualification necessary.

Appears in 2 contracts

Samples: Contribution Agreement (Walker & Dunlop, Inc.), Contribution Agreement (Walker & Dunlop, Inc.)

Organization; Authority; Qualification. The Contributor is duly formed, validly existing and in good standing under the laws of the jurisdiction its state of its formation. The Contributor has all requisite power full right and lawful authority to enter into this AgreementAgreement and perform all of its obligations under this Agreement and each other agreement, each agreement contemplated hereby document and instrument executed and delivered by or on behalf of the Contributor in connection herewith and to carry out deliver and perform its obligations hereunder and under each other agreement, document and instrument executed and delivered by or on behalf of the transactions contemplated hereby and therebyContributor in connection in connection herewith, and to own, lease or operate its property and to carry on its business as presently conducted and, consummate the Transactions applicable to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessaryContributor.

Appears in 2 contracts

Samples: Contribution Agreement (Farmland Partners Inc.), Contribution Agreement (Farmland Partners Inc.)

Organization; Authority; Qualification. The Contributor is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation. The Contributor has all requisite power and authority to enter into this Agreement, each agreement contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary.. 13 ACTIVE 59664012v6

Appears in 1 contract

Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)

Organization; Authority; Qualification. The Each Contributor is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation. The Each Contributor has all requisite power and authority to enter into this Agreement, each agreement contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary.

Appears in 1 contract

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

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Organization; Authority; Qualification. The Contributor is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation. The Contributor has all requisite power and authority to enter into this Agreement, each agreement contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature State of its business or the character of its property make such qualification necessaryColorado.

Appears in 1 contract

Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)

Organization; Authority; Qualification. The Contributor is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation. The Contributor has all requisite power and authority to enter into this the Agreement, each agreement contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary.

Appears in 1 contract

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

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