Common use of Organization and Qualification of the Seller Clause in Contracts

Organization and Qualification of the Seller. The Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and the Seller is qualified to do business and is in good standing as a foreign corporation in each jurisdiction listed in Section 3.1 of the Disclosure Schedule, which such jurisdictions are the only jurisdictions where the nature of the activities conducted by it or the character of the property leased or operated by it make such qualification necessary or appropriate.

Organization and Qualification of the Seller. The Each Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction respective State of organization incorporation and has full power to own the Seller Purchased Assets owned by it and to carry on the Business as it is now being conducted, and is qualified to do business and is in good standing as a foreign corporation in each jurisdiction listed the jurisdictions identified with respect to it in Section 3.1 of the Disclosure ScheduleSchedule 3.1, which such jurisdictions are the only jurisdictions where the nature in which its ownership or conduct of the activities conducted by Business requires it or the character of the property leased or operated by it make such qualification necessary or appropriateto be so qualified.