Common use of Corporate Organization and Qualification Clause in Contracts

Corporate Organization and Qualification. Each of the Company and its material Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and authority to own or lease its assets and to conduct its business. Each of the Company and its Subsidiaries is duly licensed or qualified as a foreign corporation for the transaction of its business and is in good standing under the laws of each other jurisdiction in which its ownership, lease or operation of property or conduct of its business requires such qualification, except where the failure to be so licensed, authorized and qualified and in good standing would not reasonably be expected to have a Material Adverse Effect. The Company has made available to the Investor a complete and correct copy of the Articles of Incorporation and the Bylaws of the Company, in each case as amended to date, and each of which as so made available, as the case may be, is in full force and effect.