Formation; Good Standing. Issuer and Pledgor are duly organized, validly existing and in good standing in their respective jurisdictions of organization.
Formation; Good Standing. Each Investor is a limited liability company duly formed, validly existing and in good standing under the laws of its jurisdiction of formation.
Formation; Good Standing. The Investor is a natural person who (i) has current net worth or joint net worth with his spouse in excess of $1 million or (ii) had an individual income in excess of $200,000 in each of the two most recent years or joint income with his spouse in each of these years in excess of $300,000 and reasonably expects to achieve such income level in the current year.
Formation; Good Standing. Each Borrower, each Guarantor and each of the Subsidiaries of each Borrower (i) is duly organized under the laws of its State of organization and is validly existing and in good standing under the laws thereof, (ii) has all requisite power to own its property and conduct its business as now conducted and as presently contemplated and (iii) is in good standing and is duly authorized to do business in each jurisdiction where it is organized and where, with respect to each Borrower, Real Estate owned or leased by it is located (to the extent required by applicable law) and in each other jurisdiction where a failure to be so qualified could have a Material Adverse Effect.
Formation; Good Standing. Buyer is a limited liability company duly formed, validly existing, and in good standing under the laws of the State of Delaware, with full corporate power and authority to enter into this Agreement and to perform its obligations hereunder.
Formation; Good Standing. Each Borrower and each of the Subsidiaries of each Borrower (i) is duly organized under the laws of its State of organization and is validly existing and in good standing under the laws thereof, (ii) has all requisite power to own its property and conduct its business as now conducted and as presently contemplated and (iii) is in good standing and is duly authorized to do business in each jurisdiction where it is organized and where Real Estate owned or leased by it is located (to the extent required by applicable law) and in each other jurisdiction where a failure to be so qualified could have a Material Adverse Effect.
Formation; Good Standing. Seller is a corporation duly formed, validly existing, and in good standing under the laws of Massachusetts and is qualified to do business in the jurisdiction of organization.
Formation; Good Standing. Tenant is a corporation, duly formed, legally existing and in good standing under the laws of the State of Delaware and is duly qualified to transact business in the State of Connecticut. This Lease constitutes the valid and legally binding obligation of Tenant, enforceable against Tenant in accordance with its terms. The execution and delivery of, and Tenant's performance under this Lease are within Tenant's powers and have been duly authorized by all requisite corporate action;
Formation; Good Standing. Landlord is a limited liability company formed, legally existing and in good standing under the laws of the State of Massachusetts and is duly qualified to transact business in the State of Connecticut. This Lease constitutes the valid and legally binding obligation of Landlord, enforceable against Landlord in accordance with its terms. The execution and delivery of, and Landlord's performance under this Lease are within Landlord's powers and have been duly authorized by all requisite corporate action;
Formation; Good Standing. The Payor (a) is a limited liability company duly formed, validly existing and in good standing under the laws of its jurisdiction of formation, (b) has all requisite limited liability company power to own its property and conduct its business as now conducted and as presently contemplated, and (c) is in good standing as a foreign limited liability company (or similar business entity) and is duly authorized to do business in each jurisdiction where such qualification is necessary except where failure to be so qualified would not have a Material Adverse Effect.
