Common use of Due Incorporation and Authority Clause in Contracts

Due Incorporation and Authority. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation or organization. The Buyer has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted, except where the failure to have such power and authority could not reasonably be expected to materially impair or delay the ability of the Buyer to consummate the transactions contemplated hereby.

Due Incorporation and Authority. The Buyer is a corporation duly organizedincorporated, validly existing and in good standing under the laws of its state jurisdiction of incorporation or organizationincorporation. The Buyer has all requisite power and authority authority, and has taken all corporate actions required, to own, lease execute and operate its properties deliver this Agreement and to carry on perform its business as now being conducted, except where the failure to have such power and authority could not reasonably be expected to materially impair or delay the ability of the Buyer to consummate the transactions contemplated herebyobligations hereunder.

Due Incorporation and Authority. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of its state jurisdiction of incorporation or organization. The Buyer and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being and as heretofore conducted, except where the failure to have such power and authority could not reasonably be expected to materially impair or delay the ability of the Buyer to consummate the transactions contemplated hereby.