Authority to Execute Lease Sample Clauses
The 'Authority to Execute Lease' clause establishes that the individuals signing the lease agreement have the legal power and authorization to bind the parties they represent. In practice, this means that each signatory affirms they are duly empowered by their respective organizations or as individuals to enter into the lease, ensuring the agreement is valid and enforceable. This clause is essential for preventing disputes over the legitimacy of the contract by confirming that all parties have the proper authority to commit to the lease terms.
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Authority to Execute Lease. Landlord and Tenant each acknowledge that it has all necessary right, title and authority to enter into and perform its obligations under this Lease, that this Lease is a binding obligation of such party and has been authorized by all requisite action under the party's governing instruments, that the individuals executing this Lease on behalf of such party are duly authorized and designated to do so, and that no other signatories are required to bind such party.
Authority to Execute Lease. Tenant represents and warrants that this Lease has been duly authorized, executed and delivered by and on behalf of Tenant and constitutes the valid, binding, and enforceable agreement of Tenant in accordance with the terms hereof. Landlord represents and warrants that Landlord is the owner of fee simple title to the property on which the Premises is located, this Lease has been duly authorized, executed and delivered by and on behalf of Tenant, and constitutes the valid, binding and enforceable agreement of Landlord in accordance with the terms hereof.
Authority to Execute Lease. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ warrant that the individuals who have signed this Lease have the legal power, right and authority to enter into this Lease so as to bind each party for whom they sign to perform as provided herein.
Authority to Execute Lease. The Landlord attests and agrees that he/she is the owner of the premises, free and clear of any encumbrances which would effect the use and enjoyment of the premises by the Landlord or Tenant and that he/she has full authority to execute this Lease. The Landlord further attests that the premises are properly zoned for such use, and for the uses intended by the Sponsor, and he/she complies and will comply with all applicable statutes, laws and ordinances, including, but not limited to building ordinances, fire ordinances and all minimum housing laws, and that he/she procured all licenses and permits necessary, if any, for leasing this apartment.
Authority to Execute Lease. Tenant and Landlord each warrant and represent that the party signing this Lease on behalf of each has authority to enter into this Lease and to bind Tenant and Landlord respectively to the terms, covenants and conditions contained herein. Each shall deliver to the other, upon request, all documents reasonably requested by the other evidencing such authority including, without limitation, a copy of all corporate resolutions, consents or minutes reflecting the authority of persons or parties to enter into agreements on behalf of Tenant or Landlord.
Authority to Execute Lease. 39 EXHIBIT "A" -- Work Letter EXHIBIT "B" -- Form of Acknowledgement of Term Commencement Date LEASE THIS LEASE ("Lease") is made as of April_1998, by and between UNIVERSITY CENTER LLC, a California limited liability company ("Landlord"), and SGS-THOMSON MICROELECTRONICS, INC., a Delaware corporation ("Tenant").
Authority to Execute Lease. Tenant is a duly formed corporation in the state of California, and each individual executing this Lease on behalf of Tenant represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of Tenant in accordance with a duly adopted Corporate Resolution of Tenant, in accordance with the bylaws of the Tenant, and certifying that Tenant is duly organized under the laws of its State of formation, and that this Lease is binding upon the Tenant in accordance with its terms. Tenant shall furnish with the executed lease a copy of the Corporate Resolution.
Authority to Execute Lease. MLF and the Town warrant that the individuals who have signed this Lease have the legal power, right, and authority to enter into this Lease so as to bind each Party for whom they sign to perform as provided herein.
Authority to Execute Lease. If Tenant is not an individual person or a sole proprietorship but rather is an entity such as a corporation. limited liability company, limited partnership. limited liability partnership. trust, general partnership or the like, then each individual executing this Lease on behalf of said entity represents and warrants that he or she is duly authorized to execute and deliver this lease on behalf of said entity in accordance with a duly adopted instrument of the board or other governing body of the entity or in accordance with the bylaws or other governing rules of the entity. and that this Lease is binding upon said entity in accordance with its terms. Upon ▇▇▇▇▇▇▇▇'s request. Tenant shall furnish Landlord with proper proof of due authorization for ▇▇▇▇▇▇'s execution of this Lease as Landlord shall require. IN "VITNESS WHEREOF, ▇▇▇▇▇▇ and Landlord have caused this Lease to be executed as of the date first written above, by their respective duly authorized officers or parties. Landlord: ,I1N1' III (J. ~>01-1 , Date: 5"-12.. -~ 1L _ PERSONAL GUARANTEE By executing in the space provided below. the undersigned hereby unconditionally, absolutely, jointly and severally guarantees payment by Tenant of all of the sums payable under the above Lease, and performance by Tenant of all of its obligations under the above Lease. If Tenant shall fail or refuse to perform and comply with any or all of the provisions of the above Lease, the undersigned shall fully and punctually perform and comply with the provisions with respect to which ▇▇▇▇▇▇ has failed or refused, all without cost or expense to Landlord fl Ll}j ilIa", S'h eOiJdy rYe-ISh,. l... N~ ▇▇▇▇ C D'e ..t~le..:..... _ Printed Name 7 Printed Name Signature EXHIBIT "A" TO LEASE AGREEMENT DESCRIPTION OF THE PROPERTY AND LEASED PREMISES 216 21& /I 11'\ 221Zl ;7 .......... - ..'. ~ V2J5 \,.r ~'... '7 HJ 213 211 212 -V- 211 ") II 2113 1/ :J~/0.3 h r- r'-. .r\. /0'/ /05) -_.. _. - J eulldlrlS Two lh I ;:~.r-7 l f- (02.. I~/ .--_ ..... ---- ll~l~rr-.-_....... I I ._--_._--- ...-._- - ,J I I 'l-.~>~
12 1. 1.3 EXHIBIT "B" TO LEASE AGREEMENT PROPERTY RULES AND AGREED REGULATIONS
1. Sidewalks and doorways other similar areas shall not be obstructed by tenants or used by any tenant for any purpose other than ingress to or egress from the Leased Premises or for going from one to another part of the Property.
2. Plumbing, fixtures, and appliances shall be used only for the purposes for which designed, and no sweepings, rubbish, r...
Authority to Execute Lease. 25 36. FORCE MAJEURE . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 37. BROKERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 38. HAZARDOUS WASTE . . . . . . . . . . . . . . . . . . . . . . . . . . 26 39. SURRENDER OF PREMISES . . . . . . . . . . . . . . . . . . . . . . . 27 40. ATTORNEY'S FEES . . . . . . . . . . . . . . . . . . . . . . . . . . 28 41. ESTOPPEL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 42. MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 ATTACHMENTS AND EXHIBITS CONSTRUCTION ADDENDUM EXHIBIT A - LEGAL DESCRIPTION EXHIBIT B - NOTICE OF LEASE EXHIBIT C - MEMORANDUM OF LEASE EXHIBIT D - LANDLORD'S TITLE COMMITMENT SUMMARY OF BASIC LEASE PROVISIONS
1. Location: South of 42nd Avenue Southwest and west of 38th Street Southwest in the City of Fargo, North Dakota, as more particularly described in EXHIBIT A hereto 2. Rent Commencement: See Paragraph 3.3