Retention of Advisor. Subject to the terms and conditions hereinafter set forth, the Company and the General Partner hereby each retain the Advisor to undertake the duties and responsibilities hereinafter set forth. By its execution and delivery of this Agreement, the Advisor represents and warrants that (i) it is duly organized, validly existing, in good standing under the laws of the state of Delaware and has all requisite power and authority to enter into and perform its obligations under this Agreement and (ii) the person signing this Agreement for the Advisor is duly authorized to execute this Agreement on the Advisor's behalf.
Appears in 3 contracts
Samples: Advisory Agreement (Shelbourne Properties I Inc), Advisory Agreement (Shelbourne Properties Ii Inc), Advisory Agreement (Shelbourne Properties Iii Inc)
Retention of Advisor. Subject to the terms and conditions hereinafter set forth, the Company and the General Partner hereby each retain retains the Advisor to undertake the duties and responsibilities hereinafter set forth. By its execution and delivery of this Agreement, the Advisor represents and warrants that (i) it is duly organized, validly existing, in good standing under the laws of the state of Delaware and has all requisite power and authority to enter into and perform its obligations under this Agreement and (ii) the person signing this Agreement for the Advisor is duly authorized to execute this Agreement on the Advisor's ’s behalf.
Appears in 1 contract
