Common use of 1Organization Clause in Contracts

1Organization. The Company is a corporation duly organized and validly existing under the laws of the State of Delaware.

1Organization. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite corporate power and authority to carry on its business as presently conducted. The Company is duly qualified to transact business and is in good standing as a foreign corporation in all jurisdictions where the ownership or leasing of its properties or the conduct of its business requires such qualification except where the failure to so qualify would not have a Material Adverse Effect on the Company.