Common use of Organization; Authority; Qualification Clause in Contracts

Organization; Authority; Qualification. The Company is duly formed, validly existing and in good standing under the laws of its jurisdiction of incorporation and has the requisite power and authority to carry on its business as it is presently conducted and, to the extent required under applicable law, is qualified to do business in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its property make such qualification necessary. The Company has made available to the Contributors true and correct drafts of its Articles of Incorporation and Bylaws as proposed to be in effect for the Company on the Closing Date.

Organization; Authority; Qualification. The Company is duly formed, validly existing and in good standing under the laws of its jurisdiction of incorporation and has the requisite power and authority to carry on its business as it is presently conducted and, to the extent required under applicable law, is qualified to do business in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its property make such qualification necessary. The Company has made available to the Contributors Contributor true and correct drafts of its Articles of Incorporation and Bylaws as proposed to be in effect for the Company on the Closing Date.

Organization; Authority; Qualification. The Company is has been duly formed, is validly existing and in good standing (to the extent applicable) under the laws of its the jurisdiction of incorporation its formation, and has the all requisite power and authority to carry on its business as it is presently conducted and, to the extent required under applicable law, is qualified to do business in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its property make such qualification necessary. The Company has made available to , except where the Contributors true and correct drafts of its Articles of Incorporation and Bylaws as proposed failure to be in effect for the Company on the Closing Dateso qualified would not have a Material Adverse Effect.