Common use of Power and Authority Clause in Contracts

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party and each Subsidiary of a Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part. 5.1.4.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver delivery and carry out this Agreement and Agreement, the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter ------------------- into, execute, deliver delivery and carry out this Agreement and Agreement, the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each of the Loan Party Parties has the full power to enter into, execute, deliver and deliver, carry out and perform this Agreement and the other Loan Credit Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Credit Documents and to perform its Obligations respective obligations under the Loan Credit Documents to which it is a party, party and all of such actions have been duly authorized in each instance by all necessary proceedings on its partcorporate or other organizational proceedings.

Power and Authority. Each of the Loan Party Parties has the full power and authority to enter into, execute, deliver and deliver, carry out and perform this Agreement and the other Loan Credit Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Credit Documents and to perform its Obligations respective obligations under the Loan Credit Documents to which it is a party, party and all of such actions have been duly authorized in each instance by all necessary proceedings on its partcorporate or other organizational proceedings.

Power and Authority. Each Loan Party has full corporate, partnership, limited liability company or trust (as the case may be) power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to ------------------- enter into, execute, deliver delivery and carry out this Agreement and Agreement, the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness Debt contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power is duly authorized and empowered to enter into, execute, deliver and carry out perform this Agreement and each of the other Loan Documents to which it is a party, . This Agreement has been duly and validly executed and delivered by Holdings and the Borrowers and the other Loan Documents entered into on or prior to incur the Indebtedness contemplated Effective Date have been duly and validly executed and delivered by the Loan Documents Parties party thereto. The execution, delivery and to perform its Obligations under performance of this Agreement and each of the other Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings action on its partthe part of each Loan Party.

Power and Authority. Each Loan Party has full corporate power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its partpart (including all necessary action, if any, on the part of the owners of its Subsidiary Ownership Interests).

Power and Authority. Each Loan Party has full all necessary corporate and other power and authority to enter into, execute, deliver into and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party. The execution, delivery and all such actions performance by each Loan Party of the Loan Documents to which it is a party have been duly authorized by all necessary corporate proceedings on its part.

Power and Authority. Each Loan Party has full power and authority to enter into, execute, deliver and carry out this Agreement and Agreement, the other Loan Documents, the Construction and Development Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents Documents, to own and operate the Project as a multifamily development, to perform its Obligations under the Loan Documents to which it is a partyobligations hereunder and thereunder, and all such actions have been duly authorized by all necessary proceedings on its part. Each person executing any Loan Document on behalf of any Loan Party has been duly authorized to act on behalf of such Loan Party by all necessary proceedings.

Power and Authority. Each Loan Party has full corporate or partnership or other power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each of the Loan Party Parties has the full power to enter into, execute, deliver and deliver, carry out and perform this Agreement and the other Loan Credit Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Credit Documents and to perform its Obligations respective obligations under the Loan Credit Documents to which it is a party, party and all of such actions have been duly authorized in each instance by all necessary proceedings on its partcorporate proceedings.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and Agreement, the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents to which it is a party and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full corporate, limited liability company or partnership power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each The Borrower and each other Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to --- ------------------- enter into, execute, deliver delivery and carry out this Agreement and Agreement, the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power and authority to enter into, execute, deliver and carry out this Agreement and Agreement, the other Loan Documents and the Construction and Development Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents Documents, to own and operate the Project as a mixed-use multifamily apartment and commercial/retail project to perform its Obligations under the Loan Documents to which it is a partyobligations hereunder and thereunder, and all such actions have been duly authorized by all necessary proceedings on its part. Each person executing any Loan Document on behalf of any Loan Party has been duly authorized to act on behalf of such Loan Party by all necessary proceedings.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full the power to enter into, executeperform and deliver, deliver and carry out this Agreement have taken all necessary actions to authorise its entry into, performance and delivery of, the other Loan Finance Documents to which it is a party, to incur party and the Indebtedness transactions contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its partthose Finance Documents.

Power and Authority. Each The Borrower and each other Loan ------------------- Party has full power to enter into, execute, deliver and deliver, carry out and perform this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary corporate proceedings on its part.

Power and Authority. Each Loan Party has full power and authority to enter into, execute, deliver and carry out this Agreement and Agreement, the other Loan Documents and the Construction and Development Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents Documents, to own and operate the Project as a multi-family apartment project to perform its Obligations under the Loan Documents to which it is a partyobligations hereunder and thereunder, and all such actions have been duly authorized by all necessary proceedings on its part. Each person executing any Loan Document on behalf of any Loan Party has been duly authorized to act on behalf of such Loan Party by all necessary proceedings.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement Amendment and the each other Loan Documents agreement or instrument contemplated hereby to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is or will be a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each of the Loan Party Parties has the full power to enter into, execute, deliver and deliver, carry out this Agreement and perform the other Loan Credit Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Credit Documents and to perform its Obligations respective obligations under the Loan Credit Documents to which it is a party, party and all of such actions have been duly authorized in each instance by all necessary proceedings on its partcorporate or other organizational proceedings.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part. Each person party to the Merger Agreement has full power to enter into, execute, deliver and perform the Merger Agreement to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full corporate, or limited liability company power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full corporate or partnership power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.Documents

Power and Authority. Each Loan Party has full power and authority to enter into, execute, deliver and carry out this Agreement and Agreement, the other Loan Documents and the Construction and Development Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, to perform its obligations hereunder and thereunder, and all such actions have been duly authorized by all necessary proceedings on its part. Borrower has full power and authority to own and operate the Project as a two hundred fifty-four (254)-unit multifamily community. Each person executing any Loan Document on behalf of any Loan Party has been duly authorized to act on behalf of such Loan Party by all necessary proceedings.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents 115 to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver deliver, and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each of the Loan Party Parties has the full power to enter into, execute, deliver and deliver, carry out and perform this Agreement and the other Loan Credit Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Credit Documents and to perform its Obligations respective obligations under the Loan Credit Documents to which it is a party, party and all of such actions have been duly authorized in each instance by all necessary proceedings on its partcompany proceedings.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement, the KCA Acquisition Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each of Borrower and the other Loan Party Parties has full power to enter into, execute, deliver and carry out this Agreement and the other each Loan Documents Document to which it is a party, to incur the Indebtedness contemplated by the Loan Documents to which it is a party and to perform its Obligations under the Loan Documents to which it is a party, ; and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full corporate power to enter into, execute, deliver and carry out this Agreement and the other Senior Loan Documents to which it is a partyDocuments, to incur the Indebtedness contemplated by the Senior Loan Documents and to perform its Obligations obligations under the Senior Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is or will be a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part.. 6.1.5

Power and Authority. Each of the Loan Party Parties has full power and authority to enter into, execute, deliver and carry out this Agreement and the any other Loan Documents agreement to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, obligations hereunder and thereunder and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full corporate or partnership (as the case may be) power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each of the Loan Party Parties has full power and authority to enter into, execute, deliver and carry out this Agreement and the other Loan Documents and the Construction and Development Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, obligations hereunder and thereunder and all such actions have been duly authorized by all necessary proceedings on its part.

Power and Authority. Each Loan Party has full power to enter into, execute, deliver and carry out this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and all such actions have been duly authorized by all necessary proceedings on its part. 6.1.5.

Power and Authority. Each of the Loan Party Parties has full power to ------------------- enter into, execute, deliver and deliver, carry out and perform this Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the Loan Documents and to perform its Obligations obligations under the Loan Documents to which it is a party, party and all such actions have been duly authorized by all necessary corporate proceedings on its part.