Common use of Organization and Valid Existence Clause in Contracts

Organization and Valid Existence. The Purchaser is a corporation duly incorporated and organized and is validly existing under the laws of the State of Nevada and has all necessary corporate power, authority and capacity to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder have been or by the Closing Date will be duly authorized by all necessary corporate action on the part of the Purchaser.

Organization and Valid Existence. The Purchaser is a corporation duly incorporated and organized and is validly existing under the laws of the State of Nevada and has all necessary corporate power, authority and capacity to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder have been or by the Closing Date will shall be duly authorized or ratified by all any necessary corporate action on the part of the PurchaserPurchaser on or prior to Closing.