Existence; Authority. Holdings is a limited partnership and each of the Company and FSAM is a corporation, in each case, duly organized, validly existing and in good standing under the laws of the State of Delaware. Each of the Company, FSAM and Holdings has all requisite organizational power and authority (or, in the case of LT, has the requisite capacity) to execute and deliver this Agreement and the other Transaction Documents to which it is or will be a party, to perform its and his obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary organizational action to authorize the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is or will be a party.
Appears in 6 contracts
Samples: Purchase and Settlement Agreement (Fifth Street Finance Corp.), Purchase and Settlement Agreement (Tannenbaum Leonard M), Purchase and Settlement Agreement (Fifth Street Asset Management Inc.)
