Common use of Organization and Qualification of Sellers Clause in Contracts

Organization and Qualification of Sellers. Each Seller is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has the requisite power and authority to enter into and perform its obligations under this Agreement and under the Transaction Documents required to be executed and delivered by such Seller pursuant to this Agreement (the “Seller Transaction Documents”).

Organization and Qualification of Sellers. Each Seller is a corporation (or limited liability company company, as applicable) duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has . Each Seller is duly licensed or qualified to do business and in good standing in each jurisdiction in which the requisite power and authority to enter into and perform ownership or use of its obligations under this Agreement and under the Transaction Documents required assets or conduct of its business requires it to be executed so qualified or licensed and delivered by in good standing except where any such Seller pursuant failure to this Agreement (be so qualified or licensed and in good standing would not, individually or in the “Seller Transaction Documents”)aggregate, have a Material Adverse Effect.

Organization and Qualification of Sellers. Each Seller is a corporation or limited liability company or limited partnership, duly organized, validly existing and in good standing under the laws Laws of the its jurisdiction of its organization, formation. Each Seller has the requisite power and authority to enter into own, EAST\134549672.25 42 lease and perform operate its obligations under this Agreement material properties and under to carry on its businesses as presently conducted, except where the Transaction Documents required failure to have such power or authority would not reasonably be executed and delivered by such Seller pursuant expected to this Agreement (prevent or materially delay the “Seller Transaction Documents”)consummation of the Transactions.

Organization and Qualification of Sellers. Each Seller is a corporation or limited liability company duly organized, validly existing and in good standing under the laws Laws of the jurisdiction state of its organization, formation as set forth on Schedule 2.1 and has the requisite full corporate power and authority to enter into own, operate or lease the properties and perform assets now owned, operated or leased by it and to carry on the business as currently conducted. No Seller operates in any jurisdiction other than its obligations under this Agreement and under the Transaction Documents required respective state of formation which requires it to be executed and delivered by licensed or qualified to do business in such Seller pursuant to this Agreement (the “Seller Transaction Documents”)other jurisdiction.