Common use of Due Organization and Good Standing Clause in Contracts

Due Organization and Good Standing. Each Seller, if not an individual person, is an entity duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted.

Due Organization and Good Standing. Each Seller, if not an individual person, Seller is an entity duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted.

Due Organization and Good Standing. Each Seller, if not an individual person, The Seller is an entity duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted.

Due Organization and Good Standing. Each Seller, if not an individual person, Seller is an entity duly organized, organized and validly existing and in good standing under in accordance with the Laws of the jurisdiction of its formation and has all requisite Entity power and authority to own, lease and operate its properties and assets and to carry on conduct its business as now businesses in the manner in which its businesses are currently being conducted.