Common use of Status and Authority of Landlord Clause in Contracts

Status and Authority of Landlord. Landlord is a Maryland real estate investment trust duly organized, validly existing and in trust good standing under the laws of the State of Maryland, and has all requisite power and authority under the laws of such state and under its charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified and is in good standing as a trust or unincorporated business association in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Brookdale Living Communities Inc)

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Status and Authority of Landlord. Landlord is a Maryland real estate investment trust duly organized, validly existing and in trust corporate good standing under the laws of the State of Maryland, and . Landlord has all requisite power and authority under the laws of such its state of formation and under its respective charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified and is in good standing as a trust or unincorporated to transact business association in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 2 contracts

Samples: Master Lease Agreement (Hospitality Properties Trust), Lease Agreement (Hospitality Properties Trust)

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Status and Authority of Landlord. Landlord is a Maryland real estate investment trust trust/limited liability company duly organized, validly existing and in trust good standing under the laws of the State of Maryland, and has all requisite power and authority under the laws of such state and under its charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified and is in good standing as a trust or trust, unincorporated business association or limited liability company in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 1 contract

Samples: Lease Agreement (Life Time Fitness Inc)

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