Common use of Due Organization; Authority Clause in Contracts

Due Organization; Authority. It is a corporation duly organized and validly existing in good standing under the laws of the state of its incorporation and has the power, authority and legal right to enter into and perform its obligations under the Definitive Agreements to which it is a party.

Appears in 2 contracts

Samples: Joint Venture Agreement (Polaris Industries Inc/Mn), Joint Venture Agreement (Polaris Industries Inc/Mn)

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Due Organization; Authority. It is a corporation or limited liability company duly organized and validly existing in good standing under the laws of the state of its incorporation or formation, as applicable, and has the power, authority and legal right to enter into and perform its obligations under the Definitive Agreements to which it is a party.

Appears in 2 contracts

Samples: Form Joint Venture (Toro Co), Form Joint Venture (Toro Co)

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Due Organization; Authority. It is a corporation duly organized and validly existing in good standing under the laws of the state of its incorporation and has the power, authority and legal right to enter into and perform its obligations under the Definitive Agreements to which it is a party.. DocID: 4845-6044-0214.10

Appears in 1 contract

Samples: Joint Venture Agreement (Polaris Inc.)

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