Common use of Interest of Developer; Due Organization and Standing Clause in Contracts

Interest of Developer; Due Organization and Standing. Developer represents that it is the legal owner of the Project Site, and that all other persons with an ownership or security interest in the Project Site have consented to this Agreement. Developer is a Delaware limited liability company. Developer has all requisite power to own its property and authority to conduct its business as presently conducted. Developer has made all required state filings required to conduct business in the State of California and is in good standing in the State of California.

Interest of Developer; Due Organization and Standing. Developer represents that it is the legal owner of the Project Site, and that all other persons with an ownership or security interest in the Project Site have consented to this Agreement. Developer is a Delaware limited liability companycorporation, duly organized and validly existing and in good standing under the laws of the State of Delaware. Developer has all requisite power to own its property and authority to conduct its business as presently conducted. Developer has made all required state State filings required to conduct business in the State of California and is in good standing in the State of California.