Authority as to Third Persons. 7.10.1 No third party dealing with the Company shall be required to investigate the authority of the Manager or secure the approval or confirmation by any Member of any act of the Manager in connection with the Company business. No purchaser of any property or interest owned by the Company shall be required to determine the right to sell or the authority of the Manager to sign and deliver any instrument of transfer on behalf of the Company, or to see to the application or distribution of revenues or proceeds paid or credited in connection therewith.
Authority as to Third Persons. Notwithstanding Section 8.1.3, the signed statement of the General Partner reciting that it has the authority or necessary approval of the Limited Partner for any action, as to any third Person, will be conclusive evidence of the authority of the General Partner to take that action and of compliance with Section 8.1.3, if applicable. The Limited Partner will promptly execute instruments determined by the General Partner to be appropriate to evidence the authority of the General Partner to consummate any transaction permitted by this Agreement.
Authority as to Third Persons. The signed statement of either Member reciting their authority for any action, as to any third Person, will be conclusive evidence of the authority of that Member to take that action.
Authority as to Third Persons. (a) No third party dealing with the Partnership shall be required to investigate the authority of the General Partner or secure the approval or confirmation by any of the Partners of any act of the General Partner in connection with the Partnership business. No purchaser of any property or interest owned by the Partnership shall be required to determine the right to sell or the authority of the General Partner to sign and deliver any instrument of transfer on behalf of the Partnership, or to see to the application or distribution of revenues or proceeds paid or credited in connection therewith.
Authority as to Third Persons. No third party dealing with the Company shall be required to investigate the authority of the Manager or secure the approval or confirmation by the Members of any act of the Manager in connection with the conduct of the Company’s business. No purchaser of any property or interest owned by the Company is required to determine the right to sell or the authority of the Manager to sign and deliver any instrument of transfer on behalf of the Company, or to see to the application or distribution of revenues or proceeds paid or credited in connection therewith. Any Manager shall have full authority to execute on behalf of the Company any and all agreements, contracts, subleases, licenses, conveyances, deeds, mortgages, and other instruments, and the execution thereof by the Manager is the only execution necessary to bind the Company thereto (no signature of any Member is required to bind the Company). The Manager may, by separate instrument or document, authorize one or more individuals to execute subleases, licenses, operating agreements, and documents related thereto on behalf of the Company and any such documents executed by such agent is binding upon the Company as if executed by the Manager.
Authority as to Third Persons. The signed statement of the Board of Managers reciting that they have the authority or necessary approval required by this Agreement for any action, as to any third party, will be conclusive evidence of the authority of the Board of Managers or any officer, or authorized person, so authorized to take that action, including action in compliance with Section 7.2; provided, however, that the foregoing is not to be construed to permit the Board of Managers to act in violation of Section 7.2 hereof or in contravention of this Agreement. Each Member will promptly execute instruments determined by the Board of Managers to be appropriate to evidence the authority of the Board of Managers to consummate any transaction permitted by this Agreement.
Authority as to Third Persons. Notwithstanding Sections 3.3, 3.4 and 3.5 the signed statement of the Chairman reciting that he or she has the authority or the necessary approvals of either the Managing Board or the Members for any action, as to any third Person, shall be conclusive evidence of the authority of the Managing Board to take that action and of compliance with Sections 3.3 or 3.4, if applicable. Each Member will promptly execute instruments determined by the Managing Board to be appropriate to evidence the authority of the Managing Board to consummate any transaction permitted by this Agreement.
Authority as to Third Persons. Notwithstanding Section 3.4 or 5.2 hereof, the signed statement of the Board of Directors reciting that they have the authority or necessary approval of Members for any action, as to any third party, will be conclusive evidence of the authority of the Board of Directors to take that action, including action in compliance with Sections 3.4 or 5.2; provided, however, that the foregoing is not to be construed to permit the Board of Directors to act in violation of Section 3.4 or 5.2 hereof or in contravention of this Agreement. Each Member will promptly execute instruments determined by the Board of Directors to be appropriate to evidence the authority of the Board of Directors to consummate any transaction permitted by this Agreement.
Authority as to Third Persons. 7.7.1 No third party dealing with the Company shall be required to investigate the authority of the Members or the officers of the Company or secure the approval or confirmation by any Member of any act of the officers in connection with the Company’s business. No purchaser of any Property owned by the Company shall be required to determine the right to sell or the authority of the Members to sign and deliver any instrument of transfer on behalf of the Company, or to see to the application or distribution of revenues or proceeds paid or credited in connection therewith. 7.7.2 The Members or any officer designated by the Members, shall have full authority to execute on behalf of the Company, in its own capacity or in its capacity as the general partner or manager of any subsidiary, any and all agreements, contracts, conveyances, deeds, mortgages and other instruments, and the execution thereof by the Members or any officer designated by the Members, executing on behalf of the Company, in its own capacity or in its capacity as the general partner or manager of any subsidiary, shall be the only execution 10
Authority as to Third Persons. No third party dealing with the Company shall be required to investigate the authority of the Management Committee or secure the approval or confirmation by the Members of any act of the Management Committee in connection with the conduct of the Company’s business. To the extent that such acts are approved by the Management Committee and any other approvals required by this Agreement have been obtained, any one Manager shall have full authority to execute on behalf of the Company any and all agreements, contracts, subleases, licenses, conveyances, deeds, mortgages and other instruments, and the execution thereof by any one Manager is the only execution necessary to bind the Company thereto (no signature of any Member is required to bind the Company). The Company shall have the right by separate instrument or document to authorize one or more persons to execute subleases, licenses, operating agreements and documents related thereto on behalf of the Company and any such documents executed by such agent is binding upon the Company as if executed by the Management Committee. 5.20
