Common use of Due Organization, Authorization Clause in Contracts

Due Organization, Authorization. Such Shareholder is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. The execution, delivery and performance by such Shareholder of this Agreement, and the consummation by such Shareholder of the transactions contemplated hereby, have been duly authorized by all necessary corporate and other action on its part.

Due Organization, Authorization. Such Shareholder is either (a) duly organized, validly existing and in good standing under the laws of its jurisdiction of organizationorganization or (b) a natural person that is competent and has legal capacity to execute, deliver and perform its obligations under this Agreement. The execution, delivery and performance by such Shareholder of this Agreement, if not a natural person, and the consummation by such Shareholder of the transactions contemplated hereby, have been duly authorized by all necessary corporate and other action on its part.