Common use of Corporate Status of Parent and Federal Clause in Contracts

Corporate Status of Parent and Federal. Each of Parent and Federal is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with the requisite corporate power to own, operate and lease its properties and to carry on its business as now being conducted.

Corporate Status of Parent and Federal. Each of Parent and Federal is a corporation duly organized, validly existing and in good standing under the laws of the State jurisdiction of Delawareits incorporation, with the requisite corporate power to own, operate and lease its properties and to carry on its business as now being conducted.