Common use of Corporate Existence and Authority Clause in Contracts

Corporate Existence and Authority. The Assuming Institution (i) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (ii) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Assuming Institution has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the performance of the transactions contemplated hereby.

Corporate Existence and Authority. The Assuming Institution (ia) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (iib) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Assuming Institution has taken all necessary corporate (or other applicable governance) action to authorize the execution, delivery and performance of this Agreement and the performance of the transactions contemplated hereby.

Corporate Existence and Authority. The Assuming Institution (ia) is duly organized, validly existing existing, and in good standing under the laws of its Chartering Authority chartering authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (iib) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunderunder this Agreement. The Assuming Institution has taken all necessary corporate (or other applicable governance) action to authorize the execution, delivery delivery, and performance of this Agreement and the performance of the transactions contemplated herebyby this Agreement.

Corporate Existence and Authority. The Assuming Institution (i) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (ii) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Assuming Institution has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the performance of the transactions contemplated hereby.and

Corporate Existence and Authority. The Assuming Institution (ia) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (iib) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Assuming Institution has taken all necessary corporate (or other applicable governance) action to authorize the execution, delivery and performance of this Agreement and the performance of the transactions contemplated hereby. 11.2.

Corporate Existence and Authority. The Assuming Institution (ia) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (iib) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Assuming Institution has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the performance of the transactions contemplated hereby.and

Corporate Existence and Authority. The Assuming Institution (ia) is duly organized, validly existing and in good standing under the laws of its Chartering Authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (iib) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Assuming Institution has taken all necessary corporate (or other applicable governance) action to authorize the execution, delivery and performance of this Agreement and the performance of the transactions contemplated hereby.. THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA

Corporate Existence and Authority. The Assuming Institution (ia) is duly organized, validly existing existing, and in good standing under the laws of its Chartering Authority chartering authority and has full power and authority to own and operate its properties and to conduct its business as now conducted by it, and (iib) has full power and authority to execute and deliver this Agreement and to perform its obligations hereunderunder this Agreement. The Assuming Institution has taken all necessary corporate (or other applicable governance) action to authorize the execution, delivery delivery, and performance of this Agreement and the performance of the transactions contemplated herebyby this Agreement. 11.2.