Common use of Organization, Authority and Qualification of the Company Clause in Contracts

Organization, Authority and Qualification of the Company. The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has all necessary power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as it has been and is contemplated to be conducted. The Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business makes such licensing or qualification necessary or desirable. All corporate actions taken by the Company have been duly authorized, and the Company has not taken any action that in any respect conflicts with constitutes a default under or results in a violation of any provision of its certificate of formation or other organizational documents. True and correct copies of the organizational documents of the Company, each as in effect on the date hereof, have been delivered by the Seller to the Purchaser.

Organization, Authority and Qualification of the Company. The Company is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State jurisdiction of Delaware its incorporation and has all necessary power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as it has been and is contemplated to be currently conducted. The Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business makes such licensing or qualification necessary or desirable. All corporate actions taken by the Company have been duly authorized, and the Company has not taken any action that in any respect conflicts with with, constitutes a default under or results in a violation of any provision of its certificate of formation incorporation or other organizational documentsby-laws. True and correct copies of the organizational documents certificate of incorporation and by-laws of the Company, each as in effect on the date hereof, have been delivered by the Seller Sellers to the Purchaser.

Organization, Authority and Qualification of the Company. The Company is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State jurisdiction of Delaware its incorporation and has all necessary corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as it has been and is contemplated to be conducted. The Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business makes such licensing or qualification necessary or desirable. All corporate actions taken by the Company have been duly authorized, and the Company has not taken any action that in any respect conflicts with with, constitutes a default under or results in a violation of any provision of its certificate of formation incorporation or other organizational documentsby-laws. True and correct copies of the organizational documents certificate of incorporation and by-laws of the Company, each as in effect on the date hereof, have been delivered by the Seller to the Purchaser.