Common use of Organization and Authority of Purchaser Clause in Contracts

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing corporation in good standing under the laws of the State of Nevada; Purchaser has, and its officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a corporation duly organized, validly existing corporation and in good standing under the laws of the State of Nevada; . Purchaser hashas the authority and power to carry on its business, to enter into this Agreement and the Additional Agreements to which Purchaser is a party, and its officers acting on its behalf haveto carry out the transactions contemplated hereby and thereby. This Agreement and the Additional Agreements to which Purchaser is a party have been duly and validly authorized and approved by all requisite company action of Purchaser and are valid and legally binding obligations of Purchaser, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreementenforceable in accordance with their respective terms.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing corporation in good standing limited liability company organized under the laws of the State of Nevada; Nevada and is in good standing with such state of incorporation and all other states it does business. Purchaser has, and its officers acting on its behalf have, all necessary statutory power and has the corporate authority to make enter into this Agreement and perform this Agreementcomply with its terms. Purchaser is an entity controlled by Dxxxx Xxxxxxx, including (without limitation) the power Company’s sole officer and authority to purchase Student Loans from Seller under the terms and conditions of this Agreementdirector.