Common use of Corporate Status and Good Standing Clause in Contracts

Corporate Status and Good Standing. Seller is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction under which they were formed, with full corporate power and authority under its certificate of incorporation and bylaws to own and lease its properties, to operate and to conduct its business as the same exist at the date hereof. Seller is duly qualified to do business and is in good standing in every jurisdiction in which the nature of its business makes such qualification necessary.

Corporate Status and Good Standing. Seller is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction under which they were formedState of Delaware, with full corporate power and authority under its certificate of incorporation charter documents and bylaws by-laws to own and lease its properties, to operate and to conduct its business as the same exist at the date hereof. , and Seller is duly qualified to do business and is in good standing in Texas and every other jurisdiction in which the nature of its business makes such qualification necessary.

Corporate Status and Good Standing. Seller is a corporation ---------------------------------- duly organized, validly existing and in good standing under the laws of the jurisdiction under which they were formedstate of its incorporation, with full corporate power and authority under its certificate of incorporation charter and bylaws by-laws to own and lease its properties, to operate properties and to conduct its business as the same exist at the date hereofbusiness. Seller is duly qualified to do business and is as a foreign corporation in good standing in every jurisdiction all states in which the nature of its business makes requires such qualification necessaryand the failure to do so would have an adverse effect on the Purchased Assets.