Common use of Good Standing and Power of SELLER Clause in Contracts

Good Standing and Power of SELLER. SELLER is a banking association validly existing under the laws of the United States with corporate power to own its properties and to carry on its business as presently conducted. SELLER is an "insured bank" as defined in the Federal Deposit Insurance Act.

Good Standing and Power of SELLER. SELLER is a national banking association duly organized, validly existing existing, and in good standing under the laws of the United States of America with corporate power to own its properties and to carry on its business as presently conducted. SELLER is an "insured bank" bank as defined in the Federal Deposit Insurance ActAct and applicable regulations thereunder.

Good Standing and Power of SELLER. SELLER Seller is a national banking association duly organized, validly existing existing, and in good standing under the laws of the United States with corporate power to own its properties and to carry on its business as presently conducted. SELLER Seller is an "insured bank" , as defined in the Federal Deposit Insurance ActAct and applicable regulations thereunder.

Good Standing and Power of SELLER. SELLER is a banking association validly existing under the laws of the United States with corporate power to own its properties and to carry on its business as presently conducted. SELLER is an "“insured bank" ” as defined in the Federal Deposit Insurance Act.