Common use of Existence and Good Standing; Authority Clause in Contracts

Existence and Good Standing; Authority. If such Standby Purchaser is an entity, such Standby Purchaser is duly organized, validly existing and in good standing (or its equivalent) under the laws of the state of its formation. Such Standby Purchaser has all requisite legal capacity or power and authority, as applicable, to execute and deliver this Agreement and the other agreements, instrument and documents of such Standby Purchaser contemplated hereby, and to consummate the transactions contemplated hereby and thereby.

Existence and Good Standing; Authority. If such Such Standby Purchaser is an entity, such Standby Purchaser is entity duly organized, validly existing and in good standing (or its equivalent) under the laws of the state its jurisdiction of its formation. Such Standby Purchaser organization and has all requisite legal capacity or power and authority, authority to carry on its business as applicable, to execute and deliver this Agreement and the other agreements, instrument and documents of such Standby Purchaser contemplated hereby, and to consummate the transactions contemplated hereby and therebynow conducted.

Existence and Good Standing; Authority. If such the Standby Purchaser is transfers its rights to an entityentity controlled by the Standby Purchaser, such Standby Purchaser is entity will be duly organized, validly existing and in good standing (or its equivalent) under the laws of the state of its formation. Such Standby Purchaser has all requisite legal capacity or organization, with full power and authority, as applicable, authority to execute and deliver perform its obligations under this Agreement and the other agreements, instrument and documents of such Standby Purchaser contemplated hereby, and to consummate the transactions contemplated hereby and therebyAgreement.