Common use of Organization and Qualification; Authority Clause in Contracts

Organization and Qualification; Authority. (a) Purchaser is a corporation duly organized, validly existing and in good standing under the Laws of the State of Washington. Purchaser is duly qualified as a foreign corporation to do business and is in good standing (to the extent applicable) in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification necessary, except where the failure to be so qualified and in good standing would not reasonably be expected to have a Material Adverse Effect. (b) Purchaser has the requisite power and authority to own, lease and operate its properties, rights and assets and to carry on its business as it has been and is now being conducted.

Organization and Qualification; Authority. (a) Purchaser is a corporation duly organized, validly existing existing, and in good standing under the Laws of the State of WashingtonDelaware. Purchaser is duly qualified as a foreign corporation to do business and is in good standing (to the extent applicable) in each jurisdiction where the character of the properties owned, leased leased, or operated by it or the nature of its business makes such qualification necessary, except where the failure to be so qualified and in good standing would not reasonably be expected to have a Material Adverse Effect. (b) Purchaser has the requisite power and authority to own, lease lease, and operate its properties, rights rights, and assets and to carry on its business as it has been and is now being conducted.