Common use of Due Execution; Authority Clause in Contracts

Due Execution; Authority. (i) The Company is duly formed, validly existing and in good standing as a limited partnership under the laws of the State of Delaware; (ii) this Agreement is, and all the documents to be delivered by the Company pursuant to the express terms of this Agreement (the "COMPANY CLOSING DOCUMENTS") will be, when executed by the Company, binding on and enforceable against the Company in accordance with their respective terms; (iii) there are no consents required from any third party to authorize the Company's entry into and performance of this Agreement, the Company Closing Documents and/or the transactions contemplated hereby or thereby; (iv) this Agreement has been, the Company Closing Documents and the transactions contemplated hereby and thereby have been, or will have been prior to the Closing, approved by all necessary action of the Company; and (v) the execution and delivery of the Company Closing Documents do not and will not constitute a breach or default under any agreement by which the Company is bound or by which any of the Company's property is encumbered.

Appears in 2 contracts

Samples: Purchase Agreement (Gladstone Commercial Corp), Purchase Agreement (Gladstone Commercial Corp)

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Due Execution; Authority. (i) The Company the Partnership is duly formed, validly existing and in good standing as a limited partnership under the laws of the State of Delaware; (ii) this Agreement is, and all the documents to be delivered by the Company Partnership pursuant to the express terms of this Agreement (the "COMPANY CLOSING DOCUMENTS"“Partnership Closing Documents”) will be, when executed by the CompanyPartnership, binding on and enforceable against the Company Partnership in accordance with their respective terms; (iii) there are no other consents required from any third party to authorize the Company's Partnership’s entry into and performance of this Agreement, the Company Partnership Closing Documents and/or the transactions contemplated hereby or thereby; (iv) this Agreement has beenAgreement, the Company Partnership Closing Documents and the transactions contemplated hereby and thereby have been, or will have been prior to the Closing, approved by all necessary action of the CompanyPartnership; and (v) the execution and delivery of the Company Partnership Closing Documents do not and will not constitute a breach or default under any agreement by which the Company Partnership is bound or by which any of the Company's Partnership’s property is encumbered.

Appears in 1 contract

Samples: Purchase Agreement (Capital Automotive Reit)

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Due Execution; Authority. (i) The the Company is duly formed, validly existing and in good standing as a limited partnership under the laws of the State of Delaware; (ii) this Agreement is, and all the documents to be delivered by the Company pursuant to the express terms of this Agreement (the "COMPANY CLOSING DOCUMENTS"“Company Closing Documents”) will be, when executed by the Company, binding on and enforceable against the Company in accordance with their respective terms; (iii) there are no other consents required from any third party to authorize the Company's ’s entry into and performance of this Agreement, the Company Closing Documents and/or the transactions contemplated hereby or thereby; (iv) this Agreement has beenAgreement, the Company Closing Documents and the transactions contemplated hereby and thereby have been, or will have been prior to the Closing, approved by all necessary action of the Company; and (v) the execution and delivery of the Company Closing Documents do not and will not constitute a breach or default under any agreement by which the Company is bound or by which any of the Company's ’s property is encumbered.

Appears in 1 contract

Samples: Purchase Agreement (Gladstone Commercial Corp)

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