Common use of Corporate Status of the Company Clause in Contracts

Corporate Status of the Company. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida. The Company is qualified to do business and in good standing in each jurisdiction where the operation of its business requires that it be so qualified. The Company has all requisite corporate power and authority to own, operate and sell its properties and assets, to conduct its business as it is now being conducted, to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.

Corporate Status of the Company. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida. The Company is qualified to do business and in good standing in each jurisdiction where the operation of Company operates its business requires that it be so qualifiedbusiness. The Company has all requisite corporate power and authority to own, operate and sell lease its properties and assets, to conduct its business as it is now being conducted, to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.

Corporate Status of the Company. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida. The Company Florida and is duly qualified to do business and in good standing the jurisdictions listed on Schedule 2.1, which are all jurisdictions in each jurisdiction which the nature of the business transacted by it, or the character of its properties makes such qualification necessary, except where the operation of its business requires that it be failure to so qualifiedqualify would not have a Material Adverse Effect. The Company has all requisite corporate power and authority to own, operate own its property and sell its properties assets and assets, to conduct carry on its business as it is now being conducted, to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The Company has no ownership interest directly or indirectly in any other person or entity.