Common use of Corporate Status and Good Standing Clause in Contracts

Corporate Status and Good Standing. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with full corporate power and authority under its respective certificate or articles of incorporation and by-laws to conduct its business as the same exists on the date hereof and on the Closing Date.

Corporate Status and Good Standing. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with full corporate power and authority under its respective certificate or articles of incorporation and by-laws to own and lease its properties and to conduct its business as the same exists on at the date hereof and on the Closing Datehereof.