Common use of Formation, Due Qualification and Authority Clause in Contracts

Formation, Due Qualification and Authority. Each of the Partnership Entities is a limited partnership or limited liability company and is (a) duly formed, validly existing and in good standing under the Law of its jurisdiction of formation and (b) authorized, qualified or licensed to do business and is in good standing in each jurisdiction in which it currently conducts businesses or owns, operates, leases, licenses, uses or operates any properties or assets, except where the failure to be so duly qualified, registered or licensed and in good standing would not reasonably be expected to have a Partnership Entities Material Adverse Effect. All Organizational Documents of the Partnership Entities are in full force and effect, and none of the Partnership Entities is in violation of any provision of any of its Organizational Documents.

Formation, Due Qualification and Authority. Each of the Partnership Entities is a limited partnership or limited liability company and is (a) is duly formed, validly existing and in good standing under the Law of its jurisdiction of formation and (b) is duly authorized, qualified or licensed to do business and is in good standing in each jurisdiction in which it currently conducts businesses or owns, operates, leases, licenses, uses or operates any properties or assets, except where the failure to be so duly qualified, registered or licensed and in good standing would not reasonably be expected to have a Partnership Entities Material Adverse Effect. All The Partnership has delivered to Contributor true, correct and complete copies of the Organizational Documents of each of the Partnership Entities as currently in effect. All such Organizational Documents are in full force and effect, and none of the Partnership Entities is in violation of any provision of any of its Organizational Documents.