Common use of Due Organization; Power and Authority Clause in Contracts

Due Organization; Power and Authority. The Seller is a corporation, duly incorporated, validly existing and in good standing under the laws of Maryland, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.

Due Organization; Power and Authority. The Seller is a corporation, duly incorporated, validly existing and in good standing formed under the laws of Marylandits jurisdiction of incorporation, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.