Common use of Authorization; Execution Clause in Contracts

Authorization; Execution. The purchase of the Preferred Shares to be acquired hereunder has been duly and properly authorized by the Purchaser by all necessary action and the Transaction Documents have been duly executed and delivered by it and neither the purchase of the Preferred Shares to be acquired hereunder nor the execution and performance of the Transaction Documents conflicts with or violates its operating agreement or any law, regulation or court order applicable to it or any other agreement to which it is subject.

Authorization; Execution. The purchase of the Preferred Shares ------------------------ to be acquired hereunder has been duly and properly authorized by the Purchaser by all necessary action and the Transaction Documents have been duly executed and delivered by it and neither the purchase of the Preferred Shares to be acquired hereunder nor the execution and performance of the Transaction Documents conflicts with or violates its operating agreement Partnership Agreement or any law, regulation or court order applicable to it or any other agreement to which it is subject.