Limited Liability Status. Purchaser is a limited liability company duly organized and existing in good standing under the laws of the State of Florida, and by Closing will be authorized to do business in any state where it will carry on its business.
Limited Liability Status. Watermark is a limited liability company, duly organized, validly existing and in good standing under the laws of Delaware, has an requisite power and authority to consummate the transactions contemplated by this Agreement and has by proper company proceedings duly authorized execution and delivery of this Agreement and the consummation of an transactions contemplated herein.
Limited Liability Status. Such Rainbow Party is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Such Rainbow Party has all requisite power and authority to own or lease, as the case may be, its properties and to carry on its business as now conducted. There is no pending or, to the best of the knowledge of such Rainbow Party, threatened proceeding or other action by any other party with respect to the dissolution, liquidation, insolvency or rehabilitation of such Rainbow Party.
Limited Liability Status. Such Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Such Seller has all requisite power and authority to own or lease, as the case may be, its properties and to carry on its business as now conducted. Such Seller is qualified or licensed to conduct business in all jurisdictions where its ownership, lease or operation of property or the conduct of its business requires such qualification. There is no pending or, to the best of the knowledge of such Seller, threatened proceeding or other action by any other party with respect to the dissolution, liquidation, insolvency or rehabilitation of such Seller.
Limited Liability Status. Such Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Such Purchaser has all requisite power and authority to own or lease, as the case may be, its properties and to carry on its business as now conducted. Such Purchaser is qualified or licensed to conduct business in all jurisdictions where its ownership, lease or operation of property or the conduct of its business requires such qualification. There is no pending or, to the best of the knowledge of such Purchaser, threatened proceeding or other action by any other party with respect to the dissolution, liquidation, insolvency or rehabilitation of such Purchaser.
