Common use of Corporate Status and Authorization Clause in Contracts

Corporate Status and Authorization. The Buyer is a corporation duly incorporated, organized, and validly existing in good standing under the corporation laws of the State of Delaware. The Buyer is qualified to do business and is in good standing in every jurisdiction in which the Buyer is required to qualify to do business. The Buyer has all requisite power, authority, and capacity to execute and deliver this Agreement and all other agreements, documents, and instruments contemplated hereby and to carry out all actions required of it pursuant to the terms of this Agreement. The execution, delivery and performance of this Agreement and the other agreements, documents and instruments have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Buyer and constitutes the legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms.