Common use of Authorization and Execution Clause in Contracts

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Purchaser, has been duly executed and delivered by Purchaser, constitutes the valid and binding agreement of Purchaser and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 7 contracts

Samples: Agreement of Purchase and Sale (Ashford Hospitality Trust Inc), Agreement of Purchase and Sale (Ashford Inc.), Agreement of Purchase and Sale (Ashford Hospitality Trust Inc)

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Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of PurchaserBuyer, has been duly executed and delivered by PurchaserBuyer, constitutes the valid and binding agreement of Purchaser Buyer and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Purchaser Buyer has the authority to do so.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Surge Holdings, Inc.), Asset Purchase Agreement (GBT Technologies Inc.), Asset Purchase Agreement (Gopher Protocol Inc.)

Authorization and Execution. This The execution, delivery and performance of this Agreement by Purchaser has been duly authorized by all necessary action on the part of Purchaseraction, if any, as applicable, and has been duly executed and delivered by the Purchaser, constitutes the valid and binding agreement of Purchaser and . This Agreement is enforceable against Purchaser in accordance with its termsterms and does not conflict with any indenture, operating agreement, bylaw, or any other agreement to which Purchaser is bound. The person executing this Agreement individual signing on behalf of Purchaser has the authority is authorized to do soact for and on behalf of and to bind Purchaser in connection with this Agreement.

Appears in 5 contracts

Samples: Assignment and Assumption of Purchase Agreement (Aei Income & Growth Fund 25 LLC), Assignment of Agreement of Purchase and Sale (Aei Income & Growth Fund Xxi LTD Partnership), Assignment of Purchase Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Purchaserthe Buyer, has been duly executed and delivered by Purchaserthe Buyer, constitutes the valid and binding agreement of Purchaser Buyer and is enforceable in accordance with its terms. The There is no other person executing this Agreement on behalf or entity who has an ownership interest in the Properties or whose consent is required in connection with Buyer’s performance of Purchaser has the authority to do soits obligations hereunder.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Apple REIT Eight, Inc.), Agreement of Purchase and Sale (Apple REIT Nine, Inc.), Agreement of Purchase and Sale (Apple REIT Seven, Inc.)

Authorization and Execution. This The execution, delivery and performance of this Agreement has and the consummation of the transactions contemplated hereby have been duly authorized and approved by all necessary requisite corporate action on of the part of Purchaser, has been duly executed and delivered by Purchaser, Buyer. This Agreement constitutes the legal, valid and binding agreement obligation of Purchaser and is the Buyer enforceable against it in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 3 contracts

Samples: Vessel Purchase Agreement (Trico Marine Services Inc), Vessel Purchase Agreement (Trico Marine Services Inc), Vessel Purchase Agreement (Trico Marine Services Inc)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Purchaser, has been duly executed and delivered by the Purchaser, and constitutes the valid and binding agreement of Purchaser the Purchaser, and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 3 contracts

Samples: Agreement of Purchase (Innkeepers Usa Trust/Fl), Agreement of Purchase (Innkeepers Usa Trust/Fl), Agreement of Purchase (Innkeepers Usa Trust/Fl)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Purchaser, has been duly executed and delivered by the Purchaser, constitutes the valid and binding agreement of the Purchaser and is enforceable against the Purchaser in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting creditors’ rights generally or by the principles governing the availability of equitable remedies. The person Person executing this Agreement on behalf of the Purchaser has the authority to do so.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Moody National REIT II, Inc.), Agreement of Purchase and Sale (Moody National REIT I, Inc.)

Authorization and Execution. This Agreement has and the other agreements contemplated hereby have been duly authorized by all necessary action on the part of Purchaser, has been duly executed and delivered by Purchaser, constitutes the valid and binding agreement agreements of Purchaser and is are enforceable against Purchaser in accordance with its their terms, subject to equitable principles and to applicable bankruptcy, insolvency, fraudulent conveyance and other similar laws generally applicable to the rights of creditors. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Sunstone Hotel Investors, Inc.), Purchase and Sale Agreement (Strategic Hotel Capital Inc)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Purchaser, has been duly executed and delivered by the Purchaser, constitutes the valid and binding agreement of the Purchaser and is enforceable in accordance with its terms. The There is no other person executing this Agreement on behalf or entity whose consent is required in connection with the Purchaser’s performance of Purchaser its obligations hereunder (which consent has the authority to do sonot been obtained).

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Chatham Lodging Trust), Agreement of Purchase and Sale (Chatham Lodging Trust)

Authorization and Execution. This The execution, delivery and performance of this Agreement has and the consummation of the transaction contemplated hereby have been duly authorized and approved by all necessary action on requisite actions of the part of Purchaser, Buyer. This Agreement has been duly executed and delivered by Purchaser, the Buyer and constitutes the legal, valid and binding agreement obligation of Purchaser and is the Buyer enforceable against it in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 2 contracts

Samples: Purchase Agreement, Vessel Purchase Agreement (Hercules Offshore, LLC)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Purchaser, has been duly executed and delivered by Purchaser, constitutes the valid and binding agreement of Purchaser and is enforceable in accordance with its termsterms except as such enforceability may be subject to the effects of bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other laws relating to or affecting the rights of creditors, and general principles of equity. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Wyndham International Inc)

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Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of PurchaserBUYER, has been duly executed and delivered by PurchaserBUYER, constitutes the valid and binding agreement of Purchaser BUYER and is enforceable in accordance with its terms. There is no other Person whose consent is required in connection with BUYER’s performance of its obligations hereunder. The person executing this Agreement on behalf of Purchaser BUYER has the authority to do so.

Appears in 1 contract

Samples: Purchase and Sales Agreement and Deposit Receipt

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of the Purchaser, has been duly executed and delivered by the Purchaser, constitutes the valid and binding agreement of Purchaser the Seller and is enforceable in accordance with its terms. The There is no person executing this Agreement on behalf or entity whose consent is required in connection with the Seller’s performance of Purchaser has its obligations hereunder whose consent shall not be obtained by the authority to do soClosing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Chatham Lodging Trust)

Authorization and Execution. This The execution delivery and performance of this Agreement has and the consummation of the transactions contemplated hereby, have been duly authorized and approved by all necessary requisite organizational action on of the part of Purchaser, has been duly executed and delivered by Purchaser, Buyer. This Agreement constitutes the valid legal, valid, and binding agreement obligation of Purchaser and is the Buyer enforceable against it in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 1 contract

Samples: Vessel Purchase Agreement (Horizon Offshore Inc)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of Purchaser, has been duly executed and delivered by Purchaser, constitutes the valid and binding agreement of Purchaser and is enforceable against Purchaser in accordance with its terms, subject to equitable principals and to applicable bankruptcy, insolvency, fraudulent conveyance and other similar laws generally applicable to the rights of creditors. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wyndham International Inc)

Authorization and Execution. This Agreement has been duly authorized --------------------------- by all necessary action on the part of the Purchaser, has been duly executed and delivered by the Purchaser, constitutes the valid and binding agreement of the Purchaser and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 1 contract

Samples: Purchase Leaseback Agreement (Hersha Hospitality Trust)

Authorization and Execution. This Agreement has been duly authorized by all necessary action on the part of PurchaserBuyer, has been duly executed and delivered by PurchaserBuyer, constitutes the valid and binding agreement of Purchaser Buyer and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do so.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sun Life Financial Inc)

Authorization and Execution. The execution, delivery and performance by Purchaser of this Agreement have been duly and validly authorized and are within the corporate powers of Purchaser. This Agreement has been duly authorized by all necessary action on the part of Purchaser, has been duly executed and delivered by Purchaser, Purchaser and constitutes the its valid and binding agreement of Purchaser and is enforceable in accordance with its terms. The person executing this Agreement on behalf of Purchaser has the authority to do soagreement.

Appears in 1 contract

Samples: Stock Option Agreement (Brand Scaffold Services Inc)

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