Common use of Existence; Power; Qualification Clause in Contracts

Existence; Power; Qualification. The Lessee is a corporation duly organized, validly existing and in good standing under the laws of Delaware. The Lessee has all requisite corporate power to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business and is in good standing in each jurisdiction where such qualification is necessary or desirable in order to carry out its business as presently conducted and as proposed to be conducted;

Appears in 5 contracts

Samples: Development Agreement (Standish Care Co), 103 Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Carematrix Corp)

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Existence; Power; Qualification. The Lessee is a corporation duly organized, validly existing and in good standing under the laws of Delaware. The Lessee has all requisite corporate power to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business and is in good standing in each jurisdiction where such qualification is necessary or desirable in order to carry out its business as presently conducted and as proposed to be conducted;.

Appears in 1 contract

Samples: Facility Lease Agreement (Carematrix Corp)

Existence; Power; Qualification. The Lessee is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Lessee has all requisite corporate power to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business and is in good standing in each jurisdiction where such qualification is necessary or desirable in order to carry out its business as presently conducted and as proposed to be conducted;.

Appears in 1 contract

Samples: Facility Lease Agreement (Carematrix Corp)

Existence; Power; Qualification. The Lessee is a corporation duly organized, validly existing and in good standing under the laws of Delaware_______ . The Lessee has all requisite corporate power to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business and is in good standing in each jurisdiction where such qualification is necessary or desirable in order to carry out its business as presently conducted and as proposed to be conducted;

Appears in 1 contract

Samples: Development and Turnkey Services Agreement (Standish Care Co)

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Existence; Power; Qualification. The Lessee is a corporation duly organized, validly existing and in good standing under the laws of Delaware___________. The Lessee has all requisite corporate power to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business and is in good standing in each jurisdiction where such qualification is necessary or desirable in order to carry out its business as presently conducted and as proposed to be conducted;

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

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