Common use of Requisite Action Clause in Contracts

Requisite Action. All requisite action (corporate, trust, partnership or otherwise) has been taken by CBL/OP in connection with entering into this Agreement and the instruments referenced herein and by the Closing all such necessary action will have been taken to authorize the consummation of the transaction contemplated hereby. By the Closing no additional consent of any partner, shareholder, trustee, trustor, beneficiary, creditor, investor, judicial or administrative body, governmental authority or other party shall be required for CBL/OP to consummate the transaction contemplated by this Agreement.