Common use of Organization and Standing of Developer Clause in Contracts

Organization and Standing of Developer. Developer is a corporation duly organized, qualified and validly existing and in good standing under the laws of the State of California, and has all requisite power and authority to enter into and perform its obligations under this Agreement. The Developer has provided to the City true and complete copies of all of its governing documents, and the percentage ownership interests reflected therein are accurate as of the date of this Agreement.

Organization and Standing of Developer. Developer is a corporation duly organized, qualified and validly existing and in good standing under the laws of the State of California, and has all requisite power and authority to enter into and perform its obligations under this Agreement. The All consents or approvals of Developer’s officers or directors required in connection with the execution and delivery by the Developer has provided of this Agreement will have been obtained and delivered to the City true and complete copies of all of its governing documents, and the percentage ownership interests reflected therein are accurate as of the date of this AgreementCity.

Organization and Standing of Developer. Developer is a corporation limited liability company duly organized, qualified and validly existing and in good standing under the laws of the State of California, and has all requisite power and authority to enter into and perform its obligations under this Agreement. The All consents or approvals of Developer’s members required in connection with the execution and delivery by the Developer has provided of this Agreement will have been obtained and delivered to the City true and complete copies City. [Remainder of all of its governing documents, and the percentage ownership interests reflected therein are accurate as of the date of this Agreementpage intentionally left blank. Signatures appear on next page.]

Organization and Standing of Developer. Developer is a corporation limited liability company duly organized, qualified and validly existing and in good standing under the laws of the State of California, and has all requisite power and authority to enter into and perform its obligations under this Agreement. The All consents or approvals of Developer’s officers or directors required in connection with the execution and delivery by the Developer has provided of this Agreement will have been obtained and delivered to the City true and complete copies of all of its governing documents, and the percentage ownership interests reflected therein are accurate as of the date of this AgreementCity.