Organization and Standing of Service Express Clause Samples
The "Organization and Standing of Service Express" clause establishes that Service Express is a legally recognized and properly organized entity, such as a corporation or limited liability company, in good standing under the laws of its jurisdiction. This clause typically requires Service Express to confirm that it has fulfilled all necessary legal requirements, such as registration, filing of documents, and payment of fees, to operate as a business. Its core function is to assure the other party that Service Express is authorized to enter into the agreement and is not subject to legal or administrative issues that could affect its ability to perform its obligations.
Organization and Standing of Service Express. Service Express is a corporation duly organized and existing under the laws of the State of Alabama and is duly qualified to do business in the State of Alabama and in each jurisdiction where the failure to be so qualified would have a material adverse effect on Borrower. To the best of Service Express= knowledge and belief, it is in material compliance with all applicable laws and regulations governing the conduct of its business and governing consummation of the transactions and its principal place of business is located in the State of Alabama.
Organization and Standing of Service Express. Section 4.6.