Common use of Valid Execution Clause in Contracts

Valid Execution. Developer has validly executed this Agreement, which constitutes the binding obligation of Developer. Developer has full power, authority, and capacity to (i) enter into this Agreement, (ii) carry out Developer’s obligations as described in this Agreement, and (iii) assume responsibility for compliance with all applicable Governmental Regulations (including, without limitation, those in the CDBG-DR Regulations and the CDBG Multifamily Rental Housing Guidelines).

Valid Execution. Developer has validly executed this Agreement, which Agreement and the same constitutes the binding obligation of Developer. Developer has full power, authority, and capacity to (i) enter into this Agreement, (ii) to carry out Developer’s obligations as described in this Agreement, and (iii) to assume responsibility for compliance with all applicable Governmental Regulations (Regulations, including, without limitation, those in the CDBG-DR CDBG Regulations and the CDBG Multifamily Rental Housing Guidelines).