Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of Maryland and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational and legal action to authorize this Guaranty.
Appears in 4 contracts
Sources: Guaranty (Claros Mortgage Trust, Inc.), Guaranty (Claros Mortgage Trust, Inc.), Guaranty (LoanCore Realty Trust, Inc.)
Authority and Execution. Guarantor is duly formed and validly existing under the laws of the State of Maryland Delaware and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Guarantor has taken all necessary organizational and legal action to authorize this Guaranty.
Appears in 2 contracts
Sources: Guaranty (Cim Real Estate Finance Trust, Inc.), Member Guaranty (Blackstone Mortgage Trust, Inc.)
Authority and Execution. Each of Initial Guarantor and Replacement Guarantor is duly formed and validly existing under the laws of the State of Maryland and has full power, authority, and legal right to execute, deliver and perform its obligations under this Guaranty. Each of Initial Guarantor and Replacement Guarantor has taken all necessary organizational and legal action to authorize this Guaranty.
Appears in 1 contract