Common use of Organization and Good Standing; Power and Authority Clause in Contracts

Organization and Good Standing; Power and Authority. The Borrower is a Delaware statutory trust duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation, and has full trust power, authority and legal right to own or lease its properties and conduct its business as such business is presently conducted and to enter into and perform its obligations under this Agreement each other Transaction Document to which it is a party.

Organization and Good Standing; Power and Authority. The Borrower is a Delaware statutory trust limited liability company duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation, and has full trust limited liability company power, authority and legal right to own or lease its properties and conduct its business as such business is presently conducted and to enter into and perform its obligations under this Agreement each other Transaction Document to which it is a party.

Organization and Good Standing; Power and Authority. The Borrower is a Delaware statutory trust limited liability company duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation, and has full trust limited liability company power, authority and legal right to own or lease its properties and conduct its business as such business is presently conducted and to enter into and perform its obligations under this Agreement and each other Transaction Document to which it is a party.