Common use of Organization and Powers Clause in Contracts

Organization and Powers. Borrower is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware. Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, and to carry out the transactions contemplated thereby.

Organization and Powers. The Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. The Borrower has all requisite the corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Documents to which it is a party and to carry out the transactions contemplated thereby.

Organization and Powers. The Borrower is a corporation limited partnership duly organized, organized and validly existing, and in good standing existing under the laws of the State of Delaware. Borrower Delaware and has all requisite corporate partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Transaction Documents to which it is party and to carry out the transactions contemplated thereby.

Organization and Powers. Borrower is a corporation duly ----------------------- organized, validly existing, existing and in good standing under the laws of the State of Delaware, and has no subsidiaries. Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into each of the Loan DocumentsDocuments to which it is a party, and to carry out the transactions contemplated therebythereby and to issue and pay the Note.

Organization and Powers. Such Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. Borrower Delaware or Florida (as applicable), and has all requisite corporate power and authority authority, to own and operate its propertiesAssets, to carry on its business as now conducted and as proposed to be conducted, to enter into this Agreement, to issue the Loan Notes, to enter into the Transaction Documents, and to carry out the transactions contemplated hereby and thereby.

Organization and Powers. The Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. The Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Documents and the Material Contracts to which it is a party and to carry out the transactions contemplated thereby.

Organization and Powers. The Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. The Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Documents and to carry out the transactions contemplated therebythereby and by the Transaction Documents.

Organization and Powers. Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Documents and to carry out the transactions contemplated thereby.

Organization and Powers. Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Documents and to carry out the transactions contemplated therebythereby and by the Transaction Documents.

Organization and Powers. Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the each Loan Documents, Document to which it is a party and to carry out incur the transactions contemplated therebyObligations.

Organization and Powers. Borrower is a corporation duly organized, organized and validly existing, and in good standing existing under the laws Laws of the State of Delaware. Borrower Delaware and has all requisite corporate or partnership (as applicable) power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, and to carry out the transactions contemplated therebythereby and pay the Obligation and to grant to Administrative Agent Liens upon and security interests in the Collateral.

Organization and Powers. Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Docu- ments and to carry out the transactions contemplated therebythereby and by the Transaction Documents.

Organization and Powers. The Borrower is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware. The Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents, Documents and to carry out the transactions contemplated thereby.