Common use of Organization and Standing of Company Clause in Contracts

Organization and Standing of Company. Company is duly organized, validly existing and in good standing under the laws of the state, commonwealth, territory or jurisdiction where it was originally established and wherever else it does business and has all requisite power and authority to conduct its business as it now conducts such business.

Organization and Standing of Company. Company is a corporation duly organized, validly existing and in good standing under the laws of the state, commonwealth, territory or jurisdiction where it was originally established and wherever else it does business State of Illinois and has all requisite power and authority to conduct its carry on the business and operation of Company as it now conducts such businessbeing and as heretofore conducted.