Common use of IGC Clause in Contracts

IGC. IGC is a limited partnership duly organized and in good standing under the laws of the State of Delaware and is qualified to do business in all states where IGC conducts business. IGC has the full power and authority to execute, deliver and perform this Agreement and the other Financing Documents to which IGC is a party. Neither such execution, delivery and performance, nor compliance by IGC with the provisions of this Agreement and of the other Financing Documents to which IGC is a party will conflict with or result in a breach or violation of IGC's Partnership Agreement, or any judgment, order, regulation, ruling or law to which IGC is subject or any contract or agreement to which IGC is a party or to which any of IGC's assets and properties is subject, or constitute a default thereunder. The execution, delivery and performance of this Agreement and all other Financing Documents to which IGC is a party have been duly authorized and approved by all necessary action by IGC and constitute the legal, valid and binding obligations of IGC enforceable in accordance with their terms except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.

Appears in 2 contracts

Sources: Master Loan Agreement (American Community Properties Trust), Master Loan Agreement (Interstate General Co L P)