Common use of Organization and Good Standing; Qualification Clause in Contracts

Organization and Good Standing; Qualification. The Purchaser has been duly organized and is validly existing as a statutory trust duly formed, validly existing and in good standing under the laws of the State of Delaware, with the power and authority to own or lease its properties and to conduct its activities as such properties are currently owned or leased and such activities are currently conducted.

Organization and Good Standing; Qualification. The Purchaser has been duly organized and is validly existing as a statutory trust duly formed, validly existing and limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own or lease its properties and to conduct its activities as such properties are currently owned or leased and such activities are currently conducted.