Power and Authority of Seller. Seller has all requisite power and authority to execute, deliver and perform this Agreement and to execute and deliver the Shares, Warrants, certificates or instruments to be executed and delivered pursuant hereto by Seller and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed, and delivered by Seller and constitutes the valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except to the extent that such enforceability (i) may be limited by bankruptcy, insolvency, reorganization, moratorium, or other similar laws relating to creditors’ rights generally, and (ii) is subject to general principles of equity.
Power and Authority of Seller. Seller has the requisite corporate power and authority, and all licenses and permits from governmental authorities, to own, lease and operate its properties and assets and to carry on its business.
Power and Authority of Seller. (a) Seller is duly organized, validly existing and in good standing under the laws of the State of New Jersey. Seller has full power and authority to carry on the Business as now conducted and to own or lease the Purchased Assets as such assets are now owned or leased.
Power and Authority of Seller. Seller has full power and authority to enter into this Agreement and any other agreement or instrument contemplated herein and has taken all requisite corporate action to enter into this Agreement and to consummate the transaction contemplated herein.
Power and Authority of Seller. Seller is an individual and has all necessary power and authority to enter into this Agreement, to carry out his obligations hereunder and to consummate the transactions contemplated hereby. This Agreement constitutes a legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium or similar Laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).
Power and Authority of Seller. Seller has all requisite power and authority to execute, deliver and perform this Agreement and to endorse and deliver the Notes and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by Seller and constitutes the valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except to the extent that such enforceability (i) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors' rights generally and (ii) is subject to general principles of equity.
Power and Authority of Seller. Seller is duly incorporated, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business and in good standing under the laws of the State of Illinois. Seller has all requisite power and authority to execute, deliver and perform this Agreement and to execute and deliver the stock certificates and the other instruments to be executed and delivered pursuant hereto by Seller and to consummate the transactions contemplated hereby. This Agreement has been or will be duly and validly executed and delivered by Seller and constitutes or upon execution and delivery will constitute the valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.
Power and Authority of Seller. (a) Seller is a limited liability company duly organized and legally existing in good standing under the laws of the State of Michigan.
Power and Authority of Seller. Seller is a limited liability company, duly organized and validly existing in the State of Delaware and has qualified to do business in the State of California. Seller has the requisite right, power and authority to own the Property, operate the Hotel, sell and convey the Property to Purchaser as provided herein, and has taken all limited liability company action necessary to authorize the execution, delivery and performance of this Agreement. Seller has obtained all consents and approvals necessary for Seller’s execution, delivery and performance of this Agreement, and the performance by Seller of Seller’s obligations hereunder will not constitute a default under the terms and provisions of any material agreement, document or instrument to which Seller is a party or by which Seller is bound.
Power and Authority of Seller. Seller has full power and authority to perform the Sale and Purchase, as well as the power to transfer the Shares to Buyer, as provided for in the Agreement. Seller has taken all actions necessary to authorize execution, delivery and performance of the Agreement. All consents, approvals, authorizations and other requirements provided for by any law which must be obtained or satisfied by Seller and which are necessary for the execution and delivery by Seller of the Agreement and the consummation of the transactions contemplated herein have been obtained and satisfied. Seller has obtained all required or appropriate consent to the Sale and Purchase from its lenders.
