Common use of Property Owner Clause in Contracts

Property Owner. Property Owner is a limited liability company duly organized and in good standing under the laws of the State of Delaware and is qualified to do business in all states where the Property Owner conducts business. The Property Owner has the full power and authority to execute, deliver and perform this Agreement and the other Financing Documents to which it is a party. Neither such execution, delivery and performance, nor compliance by Property Owner with the provisions of this Agreement and of the other Financing Documents to which the Property Owner is a party will conflict with or result in a breach or violation of the Property Owner's Articles of Organization, Operating Agreement or any judgment, order, regulation, ruling or law to which Property Owner is subject or any contract or agreement to which Property Owner is a party or to which any of Property Owner's assets and properties is subject, or constitute a default thereunder. The execution, delivery and performance of this Agreement and all other Financing Documents to which the Property Owner is a party have been duly authorized and approved by all necessary action by the Property Owner and constitute the legal, valid and binding obligations of the Property Owner enforceable in accordance with their terms except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.