Common use of Authorization of Units Clause in Contracts

Authorization of Units. The Units have been duly authorized and, when issued and sold as contemplated by the Prospectus and upon payment therefor as provided in this Agreement and the Prospectus, will be validly issued, fully paid and nonassessable (other than as described in the Prospectus) and will conform to the description thereof contained in the Prospectus.

Appears in 6 contracts

Samples: Escrow Agreement (Energy 11, L.P.), Escrow Agreement (Energy 11, L.P.), Exclusive Dealer Manager Agreement (Energy Resources 12, L.P.)

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Authorization of Units. The Units have been duly authorized and, when issued and sold as contemplated by the Prospectus and upon payment therefor as provided in this Agreement and the Prospectus, will be validly issued, fully paid and nonassessable (other than as described in the Prospectus) and will conform in all material aspects to the description thereof contained in the Prospectus.

Appears in 4 contracts

Samples: Dealer Manager Agreement (GWG Life, LLC), Dealer Manager Agreement (GWG Holdings, Inc.), Dealer Manager Agreement (Investment Grade R.E. Income Fund, L.P.)

Authorization of Units. The Units have been duly authorized and, when issued and sold as contemplated by the Prospectus and upon payment therefor as provided in this Agreement and the Prospectus, will be validly issued, fully paid and nonassessable (other than as described in the Prospectus) and will conform to the description thereof contained in the Prospectus.

Appears in 2 contracts

Samples: Exclusive Dealer Manager Agreement (American Energy Capital Partners, LP), Exclusive Dealer Manager Agreement (American Energy Capital Partners, LP)

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Authorization of Units. The Units have been duly authorized and, when issued and sold as contemplated by the Prospectus and upon payment therefor therefore as provided in this Agreement and the Prospectus, will be validly issued, fully paid and nonassessable (other than as described in the Prospectus) issued and will conform to the description thereof contained in the Prospectus.

Appears in 1 contract

Samples: Dealer Manager Agreement (Stratstone/Bluegreen Secured Income Fund, LLC)

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