Common use of Corporate Organization and Good Standing Clause in Contracts

Corporate Organization and Good Standing. Azteca is a corporation ---------------------------------------- duly organized, validly existing and in good standing under the laws of the State of California. Azteca has the corporate power to own its properties and to conduct its business as now conducted and has all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder.

Corporate Organization and Good Standing. Azteca is a corporation ---------------------------------------- duly organized, validly existing and in good standing under the laws of the State of California. Azteca has the corporate power to own its properties and to conduct its business as now conducted and has all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder.