Power and Authority of Purchaser. Purchaser is a corporation duly organized and validly existing in good standing in the state of its incorporation and is authorized to do business in the state in which the Hotel is located. Purchaser has the requisite right, power and authority to purchase the Property from Seller, as provided herein, and to enter into and carry out the terms of this Agreement and the execution and delivery hereof and of all other instruments referred to herein. The performance by Purchaser of Purchaser’s obligations hereunder will not violate or constitute a default under the terms and provisions of any material agreement, document or instrument to which Purchaser is a party or by which Purchaser is bound or affected. All proceedings required to be taken by or on behalf of Purchaser to authorize it to make, deliver and carry out the terms of this Agreement have been duly and properly taken. No further consent of any person or entity is required in connection with the execution and delivery of, or performance by, Purchaser of its obligations under this Agreement.
Power and Authority of Purchaser. The Purchaser has the full corporate power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been authorized by all necessary corporate actions required by law, Purchaser's Certificate of Incorporation and its Bylaws or otherwise required to be taken to authorize the execution and delivery of this Agreement and the consummation of the transactionscontemplated hereby. This Agreement is a valid and binding obligation of Purchaser, enforceable in accordance with its terms.
Power and Authority of Purchaser. Purchaser has full power and authority to enter into this Agreement and any other agreement or instrument contemplated herein and shall have taken all requisite corporate action to enter into this Agreement and to consummate the transactions contemplated herein.
Power and Authority of Purchaser. The Purchaser has full right, authority and power to enter into this Agreement and each agreement, document and instrument to be executed and delivered by the Purchaser pursuant to this Agreement and to carry out the transactions contemplated hereby. The execution, delivery and performance by the Purchaser of this Agreement and each such other agreement, document and instrument have been duly authorized by all necessary corporate action of the Purchaser and no other action on the part of the Purchaser is required in connection therewith.
Power and Authority of Purchaser. Purchaser has, and, once formed, the Purchasing Entity shall have, the requisite right, power and authority to execute and deliver this Agreement, the Assignment Agreement, the Novation Agreement and the Cross-Receipt (the Assignment Agreement, the Novation Agreement and the Cross-Receipt are collectively referred to herein as the "Purchaser Ancillary Agreements"), to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. All corporate acts and other proceedings required to be taken by Purchaser to authorize the execution, delivery and performance of this Agreement and the Purchaser Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby have been duly and properly taken. Once formed, the Purchasing Entity will duly and properly take all limited liability company acts and other proceedings required to be taken by the Purchasing Entity to authorize the execution, delivery and performance of this Agreement and the Purchaser Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby.
Power and Authority of Purchaser. Purchaser is a corporation duly organized and validly existing in the State of Delaware will be as of the Closing Date duly qualified to transact business in the State of California, has the requisite right, power and authority to purchase the Property from Seller as provided herein, and Purchaser has taken all action necessary to authorize the execution, delivery and performance of this Agreement. Purchaser has obtained all consents and approvals necessary for Purchaser’s execution, delivery and performance of this Agreement, and the performance by Purchaser of Purchaser’s obligations hereunder will not constitute a default under the terms and provisions of any material agreement, document or instrument to which Purchaser is a party or by which Purchaser is bound.
Power and Authority of Purchaser. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida. Purchaser has all requisite power and authority to enter into this Agreement and perform its obligations as contained herein and this Agreement constitutes the valid and legally binding obligations of Purchaser enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors' rights generally.
Power and Authority of Purchaser. Purchaser is a limited liability company duly organized and validly existing in good standing in the state of its formation and is authorized to do business in the state in which the Hotel is located. Purchaser has the requisite right, power and authority to purchase the Property from Seller, as provided herein, and to enter into and carry out the terms of this Agreement and the execution and delivery hereof and of all other instruments referred to herein. All proceedings required to be taken by or on behalf of Purchaser to authorize it to make, deliver and carry out the terms of this Agreement have been duly and properly taken. No further consent of any person or entity is required in connection with the execution and delivery of, or performance by, Purchaser of its obligations under this Agreement.
