Common use of Existence and Rights Clause in Contracts

Existence and Rights. Each Guarantor is a person of sound mind and body or an entity duly organized under the laws of the State of Louisiana or Delaware without limitation as to the duration of its existence and is in good standing thereunder. Each Guarantor has powers and adequate authority, rights and franchises to own its property and to carry on its business as now owned and carried on, and is duly qualified and in good standing in each jurisdiction in which the property owned by it or the business conducted by it makes such qualification necessary, and each Guarantor has the power and adequate authority to make and carry out this Guaranty.

Existence and Rights. Each Guarantor is a person of majority and sound mind and body body; or an entity duly organized under the laws of the State of Louisiana or Delaware [ ] without limitation as to the duration of its existence and is in good standing thereunder. Each Guarantor has powers and adequate authority, rights and franchises to own its property and to carry on its business as now owned and carried on, and is duly qualified and in good standing in each jurisdiction in which the property owned by it or the business conducted by it makes such qualification necessary, and each Guarantor has the power and adequate authority to make and carry out this Guaranty.

Existence and Rights. Each Guarantor is a person of sound mind and body or an entity duly organized under the laws of the State its state of Louisiana or Delaware formation without limitation as to the duration of its existence and is in good standing thereunder. Each Guarantor has powers The entity Guarantors have the full legal right, power and adequate authority, rights and franchises to own its property and to carry on its their business as now owned and carried on, and is are duly qualified and in good standing in each jurisdiction in which the property owned by it them or the business conducted by it them makes such qualification necessary, including without limitation, the State, and each Guarantor has the Guarantors have the power and adequate authority to make and carry out this Guaranty.

Existence and Rights. Each Guarantor is a person of sound mind and body or an entity duly organized under the laws of the State of Louisiana or Delaware without limitation as to the duration of its existence and is in good standing thereunder. Each Guarantor has powers and adequate authority, rights and franchises to own its property and to carry on its business as now owned and carried on, and is duly qualified and in good standing in each jurisdiction in which the property owned by it or the business conducted by it makes such qualification necessary, including without limitation, the State of Louisiana, and each Guarantor has the power and adequate authority to make and carry out this Guaranty.

Existence and Rights. Each Guarantor is a person of sound mind and body or an entity duly organized under the laws of the State of Louisiana or Delaware without limitation as to the duration state of its existence and is in good standing thereunder. Each entity Guarantor has powers and adequate authority, rights and franchises to own its property and to carry on its business as now owned and carried on, and is duly qualified and in good standing in each jurisdiction in which the property owned by it or the business conducted by it makes such qualification necessary, including without limitation, the State, and each entity Guarantor has the power and adequate authority to make and carry out this Guaranty.