Status and Authority of the Purchaser. The Purchaser is duly organized, validly existing and in good standing under the laws of its state of organization or formation, and has all requisite power and authority under its charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.
Appears in 74 contracts
Samples: Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.), Purchase and Sale Agreement (Senior Housing Properties Trust), Purchase and Sale Agreement (CommonWealth REIT)
Status and Authority of the Purchaser. The Purchaser is duly organized, organized and validly existing and in good standing under the laws of its state of organization or formationthe jurisdiction in which it was formed, 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. The Purchaser is, or will be by the Closing Date, duly qualified and in good standing in each of the states in which the Properties are located.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (CNL Hospitality Properties Inc), Purchase and Sale Agreement (CNL Hospitality Properties Inc), Purchase and Sale Agreement (CNL Hospitality Properties Inc)
Status and Authority of the Purchaser. The Purchaser is duly organized, organized and validly existing and in good standing under the laws of its state of organization or formationthe jurisdiction in which it was formed, 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. The Purchaser is, or will be by the Closing Date, duly qualified and in good standing in each of the states in which the Property is located.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (CNL Health Care Properties Inc), Purchase and Sale Agreement (CNL Health Care Properties Inc)
Status and Authority of the Purchaser. The Purchaser is duly organized, organized and validly existing and in good standing under the laws of its state of organization or formationthe jurisdiction in which it was formed, 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. The Purchaser is, or will be by the Closing Date, duly qualified and in good standing in the state in which the Property is located.
Appears in 1 contract
Samples: Purchase and Sale Agreement (CNL Hospitality Properties Inc)
Status and Authority of the Purchaser. The Purchaser is duly organized, organized and validly existing and in good standing under the laws of its state of organization or formation, formation and has all requisite power and authority under its charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.
Appears in 1 contract
