Common use of Organization and Standing of the Holder Clause in Contracts

Organization and Standing of the Holder. The Holder is duly organized, validly existing and in good standing under the laws of its jurisdiction of its incorporation or formation and has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, perform its obligations hereunder.

Organization and Standing of the Holder. The Holder is a corporation duly --------------------------------------- organized, validly existing and in good standing under the laws of its jurisdiction of its incorporation or formation the British Virgin Islands and has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, perform its obligations hereunder.

Organization and Standing of the Holder. The Holder is duly organized, validly existing and in good standing under the laws of its the jurisdiction of its incorporation or formation organization. Holder is the record and has beneficial owner of its Debenture free and clear of all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, perform its obligations hereunderliens.

Organization and Standing of the Holder. The Such Holder is duly organized, validly existing and in good standing under the laws of its the jurisdiction of its incorporation or formation and has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, this Agreement and perform its obligations hereunder.

Organization and Standing of the Holder. The Holder is duly organized, validly existing and in good standing under the laws of its jurisdiction state of its incorporation or formation and has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, perform its obligations hereunder.

Organization and Standing of the Holder. The Holder is duly organized, validly existing and in good standing under the laws of its jurisdiction of its incorporation or formation and has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, this Agreement and perform its obligations hereunder.