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

Existence; Good Standing; Corporate Authority. Each of the Purchaser and Merger Sub is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. Each of the Purchaser and Merger Sub is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse A1-10

Existence; Good Standing; Corporate Authority. Each of the Purchaser and Merger Sub (a) is a corporation duly incorporated, incorporated and validly existing and in good standing under the laws of its jurisdiction of incorporation. Each of the Purchaser and Merger Sub ; (b) is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any each other state of the United States in which or the character laws of the properties owned or leased by it or any foreign jurisdiction, if applicable, in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse A1-10; and