Common use of Organization and Authorization Clause in Contracts

Organization and Authorization. Buyer is a limited liability company duly organized and validly existing under the laws of the State of Delaware. Buyer has full power and authority to enter into this Agreement, to perform this Agreement and to consummate the transactions contemplated hereby. This Agreement is a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to the effect of applicable bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws affecting the rights of creditors generally.

Organization and Authorization. (a) Buyer is a limited liability company duly organized and organized, validly existing and in good standing under the laws of the State of Delaware. Buyer has full Delaware with all requisite power and authority to enter into this Agreementown, to perform this Agreement lease and operate its properties and to consummate the transactions contemplated hereby. This Agreement is a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with carry on its terms, subject to the effect of applicable bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws affecting the rights of creditors generallybusiness as now being conducted.

Organization and Authorization. Buyer is a limited liability company duly organized and validly existing under the laws of the State of Delaware. Buyer has full power and authority to enter into this Agreement, to perform this Agreement and to consummate the transactions contemplated hereby. This Agreement is a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to the effect of applicable bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws affecting the rights of creditors generally.

Organization and Authorization. Buyer is a limited liability company duly organized and validly existing under the laws of in good standing in the State of DelawareDelaware and is (or will be at closing) duly qualified to do business and in good standing in the District of Columbia. The individual executing this Contract on behalf of Buyer has full power and authority is duly authorized to enter into execute this Agreement, to perform this Agreement and to consummate the transactions contemplated hereby. This Agreement is a legal, valid and binding obligation Contract on behalf of Buyer, enforceable against . The execution and delivery of this Contract and the performance of all obligations of Buyer in accordance with its terms, subject to the effect hereunder have been duly authorized by all entity action of applicable bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws affecting the rights of creditors generallyBuyer.