Common use of Existence and Authorization Clause in Contracts

Existence and Authorization. Seller (a) is duly organized and validly existing under the laws of its jurisdiction of organization or incorporation and (b) has full power and authority to execute, deliver and perform its obligations under the Operative Documents to which it is a party.

Appears in 2 contracts

Sources: Loan Purchase and Sale Agreement, Loan Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)

Existence and Authorization. Seller (a) is duly organized and validly existing under the laws of its jurisdiction of organization or incorporation and (b) has full power and authority to execute, deliver and perform its obligations under the Operative Loan Documents to which it is a party.

Appears in 1 contract

Sources: Loan Purchase and Sale Agreement (HF Foods Group Inc.)