Common use of Organization and Authority Clause in Contracts

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, organized and is in good standing in under the laws of the state of its formation and the state in which it was formedthe Real Property is located. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to transfer all of the Property and to consummate or cause to be consummated the transactions contemplated herebyby this Agreement. This The persons signing this Agreement has been, and all on behalf of the documents Seller are authorized to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their termsdo so.

Organization and Authority. Seller has been duly organized, organized and is validly existing, and is in good standing in existing under the laws of the state in which it was formedof its formation. Seller has the full right and authority and has obtained any and all consents required therefor to enter into this Agreement and to Agreement, consummate or cause to be consummated the transactions sale and make or cause to be made transfers and assignments contemplated herebyherein. The persons signing this Agreement on behalf of Seller are authorized to do so. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, have been authorized and properly executed and constitute, or will constitute, as appropriate, constitute the valid and binding obligation obligations of Seller, enforceable against Seller in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, organized and is validly existing, existing and is in good standing in the jurisdiction of its formation, and is qualified to do business in the state in which it was formedthe Property is located. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constituteconstitutes, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement Contract and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement Contract has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, organized and is validly existing, and is in good standing existing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Each Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Each Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by each Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of each Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, organized and is validly existing, existing and is in good standing in the jurisdiction of its formation, and is qualified to do business in the state in which it was formed. the Property is located Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constituteconstitutes, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, organized and is validly existing, and is in good standing in existing under the laws of the state in which it was formed. Seller has the full right and authority of its formation and has obtained any all requisite powers and all authorizations, consents required and approvals to enter into this Agreement and to consummate perform its obligations hereunder and under any document or cause instrument required to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation delivered on behalf of Seller, enforceable in accordance with their termsSeller hereunder.

Organization and Authority. Seller has been duly organized, is validly existing, organized and is in good standing in under the laws of the state of its incorporation and state in which it was formedthe Real Property is located. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to transfer all of the Property and to consummate or cause to be consummated the transactions transaction contemplated herebyby this Agreement. This The persons signing this Agreement has been, and all on behalf of the documents Seller are authorized to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their termsdo so.

Organization and Authority. Each Seller has been duly organized, organized and is validly existing, and is in good standing in existing under the laws of its state in which it was formedof formation. Seller has Sellers have the full right and authority and has obtained any and all consents required to enter into this Agreement and to transfer all of the Property and to consummate or cause to be consummated the transactions contemplated herebyby this Agreement. This The person or persons signing this Agreement has been, and all on behalf of the documents Sellers are authorized to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their termsdo so.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, organized and is validly existing, and is in good standing qualified to do business in the state in which it was formedthe Real Property is located on the Closing Date. Seller has the full right and authority and has obtained any and all consents (if any) required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constituteconstitutes, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.;

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered executed by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been is duly organized, is validly existing, organized and is in good standing as a limited liability company in the its state in which it was formedof formation. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constituteconstitutes, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Subject to Section 1.12 above, Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement Contract and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement Subject to Section 1.12 above, this Contract has been, and all of the documents to be delivered by Seller at the Closing will be, . authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is organized and validly existing, and is exists in good standing in the state in which it was formedits jurisdiction. Seller has the full right and authority and has obtained any and all consents required therefor to enter into this Agreement and to Agreement, consummate or cause to be consummated the transactions sale and make or cause to be made transfers and assignments contemplated herebyherein. The persons signing this Agreement on behalf of Seller are authorized to do so. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, have been authorized and properly executed and constitute, or will constitute, as appropriate, constitute the valid and binding obligation obligations of Seller, enforceable against Seller in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is are in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller is the sole owner of the Property and has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Subject to Section 1.9 above, Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement Contract and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement Subject to Section 1.9 above, this Contract has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Subject to Section 1.8 and 1.9 above, Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement Contract and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement Subject to Section 1.9 above, this Contract has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. The Seller has been duly organized, organized and is validly existing, existing and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to Agreement, consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, sale and all of the documents make or cause to be delivered by Seller at the Closing will be, authorized made transfers and executed assignments contemplated herein and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their termshas obtained all consents (if any) required therefor.

Organization and Authority. Such Seller has been is duly organized, is validly existing, existing and is in good standing in under the state laws of the jurisdiction in which it was formedis organized. Such Seller has the full right power and authority to execute and has obtained any and all consents required to enter into deliver this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has beencarry out its obligations hereunder, and all to consummate the Transactions. The execution and delivery by such Seller of this Agreement and the performance by Seller of its obligations hereunder, and the consummation by Seller of the documents to be delivered Transactions have been duly authorized by Seller at all requisite action on the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation part of such Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right right, power, and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.

Organization and Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.. PFS:009462.0002.2820427.11

Organization and Authority. Seller has been duly organized, organized and is validly existing, existing and is in good standing in the jurisdiction of its formation, and is qualified to do business in the state in which it was formedthe Property is located. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms.