Organization and Good Standing; Power and Authority; Qualifications. Licensee is a nonprofit corporation duly organized, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted. Licensee is duly qualified or authorized to do business as a foreign corporation and is in good standing under the laws of each jurisdiction in which it owns or leases real property or the Licenses and each other jurisdiction in which the conduct of its business or the ownership of its properties requires such qualification or authorization.
Appears in 5 contracts
Samples: Ebs Capacity Use and Royalty Agreement (Clearwire Corp), Spectrum Option Agreement (Clearwire Corp), Ebs Capacity Use and Royalty Agreement (Clearwire Corp)
