AUTHORITY TO TRANSACT BUSINESS. Lessee has all requisite partnership ------------------------------ or corporate power and authority, if required, to execute, deliver and perform its obligations under this Agreement. The execution of this Agreement by Lessee has been duly and validly authorized by all necessary partnership or corporate action on the part of Lessee, and this Agreement is the valid and binding obligation of Lessee, enforceable against Lessee in accordance with the terms hereof.
Appears in 2 contracts
Sources: Property Lease Agreement (Petro Stopping Centers L P), Property Lease Agreement (Petro Stopping Centers Holdings Lp)
AUTHORITY TO TRANSACT BUSINESS. Lessee has all requisite partnership ------------------------------ or corporate power and authority, if required, to execute, deliver and perform its obligations under this Agreement. The execution of this Agreement by Lessee has been duly and validly authorized by all necessary partnership or corporate action on the part of Lessee, and this Agreement is the valid and binding obligation of Lessee, enforceable against Lessee in accordance with the terms hereof.
Appears in 1 contract
Sources: Property Lease Agreement (Petro Stopping Centers L P)