Common use of 1Organization, Good Standing and Qualification Clause in Contracts

1Organization, Good Standing and Qualification. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties.

1Organization, Good Standing and Qualification. The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conductedconducted and to own its properties. The Company is duly qualified to transact do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or leasing necessary except where the failure to do so qualify would have not reasonably be expected to cause a material adverse effect on its the operations, business or propertiesfinancial condition of the Company.

1Organization, Good Standing and Qualification. The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conductedDelaware. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties.