Purchaser’s Authority. Purchaser has the legal power, right and authority to enter into this Agreement, to consummate the transactions contemplated hereby and to execute and deliver all documents and instruments to be delivered by Purchaser hereunder.
Purchaser’s Authority. The person executing this Agreement on behalf of Purchaser warrants to Seller that he has the Authority to execute this Agreement on behalf of Purchaser and to bind Purchaser pursuant to the terms hereof.
Purchaser’s Authority. 1.1. The Purchaser is competent and has full power, right and authority to enter into and perform its obligations under the Transaction Documents to which it is a party.
1.2. There is no requirement for the Purchaser to make any filing to or to obtain any approval from any Governmental Authority, other than those provided for in this Agreement, as a condition to consummating the transaction contemplated by this Agreement.
Purchaser’s Authority. Purchaser has all requisite power, authority and capacity to enter into this Agreement and to perform the transactions and obligations to be performed by it hereunder. No consent, authorization, approval, license, permit or order of any person or governmental authority is required in connection with the execution hereof and the performance called for herein. This Agreement has been duly executed and delivered by Purchaser, and constitutes a valid and legally binding obligation, enforceable in accordance with its terms and conditions, except as otherwise may be limited or imposed by applicable statutes, rules and regulations.
Purchaser’s Authority. The execution and performance of this Plan of Reorganization have been duly authorized by all requisite corporate action. This Plan of Reorganization constitutes a valid and binding obligation of Purchaser, in accordance with its terms. No provision of the Purchaser's Article of Incorporation, Bylaws, minutes, share certificates or contracts prevents Purchaser from delivering good title to its shares of common stock in the manner contemplated by this Plan of Reorganization.
Purchaser’s Authority. The execution and performance of this Agreement have been duly authorized by all requisite corporate action. This Agreement constitutes a valid and binding obligation of Purchaser, in accordance with its terms. No provision of the Purchaser’s Article of Incorporation, Bylaws, minutes, share certificates or contracts prevents Purchaser from delivering good title to the Purchaser Common Stock in the manner contemplated by this Agreement.
Purchaser’s Authority. Purchaser hereby represents and warrants to Seller that the following statements are true and correct as of the Effective Date and shall be true and correct as of the Closing Date:
(a) The Purchaser is a limited liability company, duly formed and in good standing under the laws of Delaware.
(b) Purchaser has the full right, power and authority and has taken all requisite limited liability company action to enter into this Agreement, to purchase the Property and to carry out its obligations as set forth hereunder, subject to investment committee and investor approval to be obtained prior to the End of the Inspection Period (the “Purchaser’s Approvals”). If Purchaser fails to terminate this Agreement prior to the End of the Inspection Period, Purchaser shall conclusively be deemed to have obtained Purchaser’s Approvals.
(c) Except for the Purchaser’s Approvals, no consent or approval of any person, entity or governmental agency or authority is required with respect to the execution and delivery of this Agreement by Purchaser or the consummation by Purchaser of the transaction contemplated hereby or the performance by Purchaser of its obligations hereunder.
(d) The execution and delivery by Purchaser of, and the performance and compliance by Purchaser with the terms and provisions of this Agreement, do not violate any of the terms, conditions or provisions of its partnership agreement; any judgment, order, injunction, decree, regulation or ruling of any court or other governmental authority to which Purchaser is subject.
(e) There are no attachments, executions, assignments for the benefit of creditors, receiverships, conservatorship or voluntary or involuntary proceedings in bankruptcy or pursuant to any debtor relief laws filed by Purchaser or against Purchaser.
Purchaser’s Authority. Except with respect to approval of Purchaser’s board of directors (which will be obtained prior to the expiration of the Due Diligence Period, with Purchaser’s failure to terminate this Agreement prior to the expiration of the Due Diligence Period being deemed a representation from Purchaser that such approval has been obtained), (i) Purchaser has the requisite power and authority to acquire the Property and (ii) the execution, delivery and performance of this Agreement by Purchaser have been duly and validly authorized by all necessary action and proceedings, and, no further action or authorization is necessary on the part of Purchaser in order to consummate the transactions contemplated herein.
Purchaser’s Authority. Purchaser's Board of Directors has approved and adopted this Agreement. No approval of this Agreement is required of Purchaser's stockholders. This Agreement constitutes the valid and binding obligation of Purchaser, enforceable in accordance with its terms.
Purchaser’s Authority. 32 17. Third Party Beneficiaries.............................................33 18. Further Assurances....................................................33
