Common use of Duly Authorized Clause in Contracts

Duly Authorized. This Agreement is, and all the documents executed by Seller which are to be delivered by Seller to Buyer at the Closing will be, duly authorized, executed, and delivered by Seller, and is and will be legal, valid, and binding obligations of Seller (except as limited by applicable bankruptcy, insolvency, moratorium and other principles relating to or limiting the right of contracting parties generally).

Appears in 5 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Steadfast Income REIT, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Steadfast Apartment REIT III, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Steadfast Apartment REIT, Inc.)

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Duly Authorized. This Agreement is, and all the documents executed by Seller Buyer which are to be delivered by Buyer to Seller to Buyer at the Closing will be, duly authorized, executed, and delivered by SellerBuyer, and is and will be legal, valid, and binding obligations of Seller Buyer (except as may be limited by applicable bankruptcy, insolvency, moratorium and other principles relating to or limiting the right of contracting parties generally).

Appears in 4 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Steadfast Income REIT, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Steadfast Apartment REIT, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Netreit, Inc.)

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Duly Authorized. This Agreement is, and all the documents executed by Seller Buyer which are to be delivered by Buyer to Seller to Buyer at the Closing will be, duly authorized, executed, and delivered by SellerBuyer, and is and will be legal, valid, and binding obligations of Seller Buyer (except as may be limited by applicable bankruptcy, insolvency, moratorium and other principles relating to or limiting the right of contracting parties generally).. 11476794.5 38

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Steadfast Apartment REIT III, Inc.)

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