Common use of Organization and Existence Clause in Contracts

Organization and Existence. The Purchaser is a validly existing corporation, partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement.

Organization and Existence. The If such Purchaser is an entity, such Purchaser is a validly existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Such Purchaser, if such Purchaser is an entity, is a validly existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority authority, and if such Purchaser is a natural person, all requisite power and authority, to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Purchaser is a corporation, duly organized, validly existing corporationand in good standing under the laws of the state of its jurisdiction, partnership or limited liability company and has all requisite corporate, partnership or limited liability company with full power and authority to invest in the Securities pursuant own, lease, and operate its business and properties and to this Agreementcarry on its business as and where such properties and assets are now owned or leased and such business is now conducted.

Organization and Existence. The Such Purchaser is a validly existing corporation, limited partnership or limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization and has all requisite corporate, partnership or limited liability company power and authority to invest in enter into and to consummate the Securities pursuant transactions contemplated by the Transaction Documents and otherwise to this Agreementcarry out its obligations hereunder and thereunder.

Organization and Existence. The Purchaser is a validly existing corporation, partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in purchase the Securities pursuant to this AgreementAgreement and otherwise to carry out its obligations hereunder and under the Ancillary Agreements.

Organization and Existence. The Purchaser is a validly existing corporation, partnership or partnership, limited liability company or individual and has all requisite corporate, partnership or partnership, limited liability company or personal power and authority authority, as the case may be, to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Such Purchaser is either an individual or a validly existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Purchaser is a validly corporation incorporated, existing corporation, partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in good standing under the Securities pursuant to this AgreementLaws of the jurisdiction of its incorporation.

Organization and Existence. The Purchaser is either (i) an individual, in which case he or she has the requisite power and authority to invest in the Securities pursuant to this Agreement, or (ii) a validly existing corporation, partnership or limited liability company and company, in which case Purchaser has all requisite corporate, partnership or limited liability company power and authority authority, as the case may be, to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Such Purchaser is a validly existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Purchaser is a validly existing corporation, limited partnership or limited liability company and in good standing under the laws of the jurisdiction of its organization, and has all requisite corporate, partnership or limited liability company power and authority to invest in enter into and to consummate the Securities pursuant to this Agreementtransactions contemplated by the Transaction Documents and otherwise carry out its obligations thereunder.

Organization and Existence. The Purchaser is a Purchasers are validly existing corporationcorporations, partnership limited partnerships or limited liability company companies and has have all requisite corporate, partnership or limited liability company power and authority to invest in the Securities Notes and the Warrants pursuant to this Agreement.

Organization and Existence. The Purchaser is a corporation duly organized, validly existing corporation, partnership or limited liability company and in good standing under the laws of the jurisdiction of incorporation and has all requisite corporate, partnership or limited liability company corporate power and authority to invest purchase the Assets and to own and lease the properties and Assets it currently owns Jeffxxx X. Xxxxx Xxxak Petroleum, Inc. September 8, 1997 Page 10 and leases and to carry on its business as such business is currently conducted and Purchaser is duly qualified to do business as a foreign corporation and is in good standing in the Securities pursuant to this Agreementjurisdiction where the Assets are located.

Organization and Existence. The Purchaser is a validly existing corporation, partnership or limited liability company corporation and has all requisite corporate, partnership or limited liability company corporate power and authority to invest in the Securities Note and the Warrant pursuant to this Agreement.

Organization and Existence. The Purchaser is a validly existing corporation, partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement.

Organization and Existence. The Such Purchaser is a validly existing corporation, partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement and otherwise to carry out its obligations hereunder and under the Registration Rights Agreement.