Common use of Organization and Licensing Clause in Contracts

Organization and Licensing. The Insurer is a financial guaranty insurance corporation duly organized, validly existing and in good standing under the laws of the State of New York.

Organization and Licensing. The Insurer is a duly incorporated and existing New York stock insurance company licensed to transact financial guaranty insurance corporation duly organized, validly existing and in good standing business under the laws of the State of New York.