Common use of Status and Authority of Landlord Clause in Contracts

Status and Authority of Landlord. Landlord is a real estate investment trust duly organized, validly existing and in corporate good standing under the laws of the State of Maryland. Landlord has all requisite power and authority under the laws of its state of formation and its respective charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified to transact business in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 2 contracts

Samples: Master Lease Agreement (Hospitality Properties Trust), Master Lease Agreement (Hospitality Properties Trust)

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Status and Authority of Landlord. Landlord is a Maryland real estate investment trust duly organized, validly existing and in corporate trust good standing under the laws of the State of Maryland. Landlord , and has all requisite power and authority under the laws of such state and under its state of formation and its respective charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified to transact and is in good standing as a trust or unincorporated business association in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Brookdale Living Communities Inc)

Status and Authority of Landlord. Landlord is a Maryland real estate investment trust duly organized, validly existing and in corporate good standing under the laws of the State of Maryland. Landlord , and has all requisite power and authority under the laws of such state and under its state of formation and its respective charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified to transact and is in good standing as a trust or unincorporated business association in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 1 contract

Samples: Lease Agreement (Cytotherapeutics Inc/De)

Status and Authority of Landlord. Landlord is a Maryland real estate investment trust trust/limited liability company duly organized, validly existing and in corporate good standing under the laws of the State of Maryland. Landlord , and has all requisite power and authority under the laws of such state and under its state of formation and its respective charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified to transact and is in good standing as a trust, unincorporated business association or limited liability company in each jurisdiction in which the nature of the business conducted by it requires such qualification.

Appears in 1 contract

Samples: Lease Agreement (Life Time Fitness Inc)

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Status and Authority of Landlord. Landlord is a Maryland real estate investment trust duly organized, validly existing and in corporate good standing under the laws of the State of Maryland. Landlord , and has all requisite power and authority under the laws of such state and under its state of formation and its respective charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. Landlord has duly qualified to transact business and is in each jurisdiction in which the nature of the business conducted by it requires such qualification.good

Appears in 1 contract

Samples: Lease Agreement (Prime Hospitality Corp)

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