Common use of Organization and Qualification of the Target Company Clause in Contracts

Organization and Qualification of the Target Company. The Target Company is a limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation or organization as shown on Annex A and has full company power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducted. Section 3.1 of the Disclosure Schedules sets forth each jurisdiction in which the Target Company is licensed or qualified to do business, and the Target Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary.

Organization and Qualification of the Target Company. The Target Company is a limited liability company corporation duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation or organization as shown on Annex A and has full company corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducted. Section 3.1 of the Disclosure Schedules sets forth each jurisdiction in which the Target Company is licensed or qualified to do business, and the Target Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary.

Organization and Qualification of the Target Company. The Target Company is a limited liability company corporation duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation or organization as shown on Annex A and has full company corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducted. Section 3.1 of the Disclosure Schedules sets forth each jurisdiction in which the Target Company is licensed or qualified to do business, and the Target Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed or qualified would not have a Material Adverse Effect.