Common use of Status and Authority of Tenant Clause in Contracts

Status and Authority of Tenant. Tenant is, or will be at Closing, a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and duly qualified to do business and in good standing under the laws of the state in which the Property is located.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (CNL Health Care Properties Inc), Purchase and Sale Agreement (CNL Hospitality Properties Inc), Purchase and Sale Agreement (CNL Health Care Properties Inc)

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Status and Authority of Tenant. Tenant is, or will be at Closing, a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and duly qualified to do business and in good standing under the laws of the state in which the Property leased under the applicable Lease is located.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CNL Hospitality Properties Inc), Purchase and Sale Agreement (CNL Hospitality Properties Inc)

Status and Authority of Tenant. Tenant is, or will be at Closing, a limited liability companycorporation, duly organized, validly existing and in good standing under the laws of the State of Delaware and duly qualified to do business and in good standing under the laws of the state in which the Property is locatedCommonwealth of Pennsylvania.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Hospitality Properties Inc)

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Status and Authority of Tenant. Tenant is, or will be at Closing, a limited liability companycorporation, duly organized, validly existing and in good standing under the laws of the State of Delaware and duly qualified to do business and in good standing under the laws of the state in which the Property is locatedState of Florida.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Hospitality Properties Inc)

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