Common use of Formation; Existence Clause in Contracts

Formation; Existence. Buyer is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware, and the Buyer, or its applicable Designated Subsidiary, is qualified to do business in the states where the Properties acquired by Buyer or such Designated Subsidiary are located.

Formation; Existence. Buyer is a limited liability company, company duly organizedformed, validly existing and in good standing under the laws of the State of Delaware, and the Buyer, or its applicable Designated Subsidiary, is qualified to do business in the states where the Properties acquired by Buyer or such Designated Subsidiary are located.

Formation; Existence. Buyer is a Delaware limited liability company, duly organizedformed, validly existing existing, and (if applicable) in good standing under the laws Laws of the State its jurisdiction of Delawareorganization, and has all necessary power and authority to own, operate, or lease the properties and assets now owned, operated, or leased by it and to carry on its business as it has been and is currently conducted. No bankruptcy, insolvency or pre-insolvency proceedings are pending with respect to Buyer, or its applicable Designated Subsidiarynor are, is qualified to do business in the states where the Properties acquired by Buyer or Knowledge of Buyer, such Designated Subsidiary are locatedproceedings threatened with respect to Buyer.

Formation; Existence. Buyer is a limited liability company, company duly organized, validly existing and in good standing under the laws of the State of Delaware, and the Buyer, or its applicable Designated Subsidiary, is qualified to do business in the states where the Properties acquired by Buyer or such Designated Subsidiary are located.