Common use of Formation and Existence; Power and Authority Clause in Contracts

Formation and Existence; Power and Authority. Each Guarantor is a partnership or limited liability company duly organized, validly existing and in good standing under the Laws of the state of its formation and has full power and authority to execute, deliver and perform this Guaranty and any Loan Document to which it is a party. Each Guarantor will preserve and maintain such legal existence and good standing.

Formation and Existence; Power and Authority. Each If Guarantor is a partnership corporation, partnership, venture, trust or limited liability company company, it is duly organized, validly existing and in good standing under the Laws laws of the state of its formation and has full power and authority to execute, deliver and perform this Guaranty and any Loan Document to which it is a partyAgreement. Each Guarantor will preserve and maintain such legal existence and good standing.

Formation and Existence; Power and Authority. Each If Guarantor is a partnership corporation, partnership, venture, trust or limited liability company company, it is duly organized, validly existing and in good standing under the Laws laws of the state of its formation and has full power and authority to execute, deliver and perform this Guaranty and any Loan Document to which it is a party. Each Guarantor will preserve and maintain such legal existence and good standing.

Formation and Existence; Power and Authority. Each Guarantor is a partnership or limited liability company company, duly organized, validly existing and in good standing under the Laws laws of the state of its formation and has full power and authority to execute, deliver and perform this Guaranty and any Loan Document to which it is a party. Each Guarantor will preserve and maintain such legal existence and good standing.