Common use of Organization and Standing of Parties Clause in Contracts

Organization and Standing of Parties. Each party is a corporation and is duly organized, validly existing and in good standing under the laws of the State of its incorporation referenced in the first paragraph of this Agreement. Each party has full corporate power and authority to own its assets and carry on its business as now conducted by it.

Organization and Standing of Parties. Each party is a corporation and ------------------------------------ is duly organized, validly existing and in good standing under the laws of the State of its incorporation referenced in the first paragraph of this Agreement. Each party has full corporate power and authority to own its assets and carry on its business as now conducted by it.

Organization and Standing of Parties. Each party is a corporation ------------------------------------ and is duly organized, validly existing and in good standing under the laws of the State of its incorporation referenced in the first paragraph of this Agreement. Each party has full corporate power and authority to own its assets and carry on its business as now conducted by it.