Common use of Existence and Capacity Clause in Contracts

Existence and Capacity. Each Seller is a limited liability company or corporation, duly organized and validly existing in good standing under the laws of its state of organization. Each of Sellers has the requisite power and authority to enter into this Agreement and to perform its obligations hereunder. Each Seller has the requisite power and authority to conduct its business as it is now being conducted.

Existence and Capacity. Each Seller and each Seller Entity is a limited liability company or corporation, duly organized and validly existing in good standing under the laws of its state of organizationincorporation. Each of Sellers Seller has the requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunder. Each Seller and each Seller Entity has the requisite corporate power and corporate authority to conduct its business as it is now being conducted.

Existence and Capacity. Each Such Seller is a limited liability company or corporationcompany, duly organized and validly existing in good standing under the laws of its state of organization. Each of Sellers Such Seller has the requisite limited liability company power and limited liability company authority to enter into this Agreement and to perform its obligations hereunder. Each Such Seller has the requisite limited liability company power and limited liability company authority to conduct its business as it is now being conducted.