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

Due Organization; Power and Authority. The Seller is a corporation, duly formed under the laws of its 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.

Due Organization; Power and Authority. The Seller is a corporation, duly formed incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporationMaryland, 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.