Common use of Power; Authority Clause in Contracts

Power; Authority. The execution, delivery and performance by the Lessee of this Agreement and the other Transaction Documents to which it is a party are within the Lessee's power and have been duly authorized by all necessary action, and this Agreement and the other Transaction Documents to which Lessee is a party have been duly executed and delivered by the duly authorized Manager of the Lessee.

Appears in 6 contracts

Samples: Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp)

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Power; Authority. The execution, delivery and performance by the Lessee of this Agreement and the other Transaction Documents to which it is a party are within the Lessee's power and have been duly authorized by all necessary action, and this Agreement and the other Transaction Documents to which the Lessee is a party have been duly executed and delivered by the duly authorized Manager representative of the Lessee.

Appears in 2 contracts

Samples: Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp)

Power; Authority. The execution, delivery and performance by the Lessee of this Agreement and the other Transaction Documents to which it is a party are within the Lessee's power and have been duly authorized by all necessary action, and this Agreement and the other Transaction Documents to which Lessee is a party have been duly executed and delivered by the duly authorized Manager representative of the Lessee.

Appears in 1 contract

Samples: Second Series Shortfall Funding Agreement (Balanced Care Corp)

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Power; Authority. The execution, delivery and performance by the Lessee of this Agreement and the other Transaction Documents to which it is a party are within the Lessee's power and have been duly authorized by all necessary action, and this Agreement and the other Transaction Documents to which Lessee is a party have been duly executed and delivered by the duly authorized Manager Management Firm of the Lessee.

Appears in 1 contract

Samples: Form of First Series Shortfall Funding Agreement (Balanced Care Corp)

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