Common use of Liquid Audio Clause in Contracts

Liquid Audio. Liquid Audio represents and warrants as follows to the ------------ other Holders as of the date of this Agreement: (a) Organization and Good Standing of Liquid Audio. Liquid Audio is a ---------------------------------------------- corporation duly organized, validly existing and in good standing under the laws of the State of California and has the corporate power and authority to enter into this Agreement and to perform its obligations hereunder.