Common use of Authority and Binding Nature Clause in Contracts

Authority and Binding Nature. Seller has all requisite power and authority to execute, deliver and perform this Agreement and all instruments and agreements contemplated hereby. This Agreement has been duly authorized, executed and delivered by Seller, and all consents required under Seller's operating agreement and governance documents or from any third party or from any Governmental Authority, the failure to obtain of which would have a Material effect on the Property, have been obtained. All documents to be executed by Seller and delivered to Buyer at Closing, will be duly executed, authorized and delivered by Seller and will, in accordance with their terms, constitute the valid, binding, and legal obligations of Seller.

Authority and Binding Nature. Seller has all requisite power and authority to execute, deliver and perform this Agreement and all instruments and agreements contemplated hereby. This Agreement has been duly authorized, executed and delivered by Seller, and all consents required under Seller's operating agreement charter and governance documents or from any third party or from any Governmental Authority, required for the transactions contemplated herein the failure to obtain of which would have a Material effect material affect on the Property, have been obtained. All documents to be executed by Seller and delivered to Buyer at Closing, will be duly executed, authorized and delivered by Seller and will, in accordance with their terms, constitute the valid, binding, and legal obligations of Seller.

Authority and Binding Nature. Seller has Sellers have all requisite power and authority to execute, deliver and perform this Agreement and all instruments and agreements contemplated hereby. This Agreement has been duly authorized, executed and delivered by SellerSellers, and all consents required under Seller's operating agreement and Sellers' governance documents or from any third party or from any Governmental Authority, required for the transactions contemplated herein the failure to obtain of which would have a Material effect material affect on the Property, have been obtained. All documents to be executed by Seller Sellers and delivered to Buyer at Closing, will be duly executed, authorized and delivered by Seller Sellers and will, in accordance with their terms, constitute the valid, binding, and legal obligations of SellerSellers.