Common use of Organization and Licensing Clause in Contracts

Organization and Licensing. The Note Insurer is a duly organized, validly existing and in good standing New York stock insurance corporation duly qualified to conduct an insurance business in the State of New York.

Organization and Licensing. The Note Insurer is a duly organized, organized and validly existing and in good standing New York stock insurance corporation duly qualified to conduct an insurance business in the State of New YorkYork and in any other jurisdiction where qualification may be necessary to accomplish the Transaction.

Organization and Licensing. The Note Insurer is a stock insurance company duly organizedformed, validly existing and in good standing under the law of the State of New York stock insurance corporation duly qualified with power and authority under applicable law to conduct an its insurance business in the State of New Yorkmanner in which it is being conducted.