Common use of Organization; Existence Clause in Contracts

Organization; Existence. Buyer is a limited liability company duly organized, validly existing, and in good standing under the laws of the state of Delaware. Buyer has all requisite limited liability company power and authority to own and operate its property and to carry on its business as now conducted. Buyer is duly licensed or qualified to do business and is in good standing in all jurisdictions in which such qualification is required by Law, except where the failure to qualify or be in good standing would not result in a Buyer Material Adverse Effect.

Organization; Existence. Buyer is a limited liability company duly organized, formed and validly existing, and in good standing existing under the laws Laws of the state State of Delaware. Buyer has all requisite limited liability company power and authority to own and operate its property (including, at Closing, the Assets) and to carry on its business as now conducted. Buyer is duly licensed or qualified to do business as a foreign limited liability company and is in good standing in all jurisdictions in which such qualification is required by Law, Law except where the failure to qualify or be in good standing would not result in have a material adverse effect upon the ability of Buyer Material Adverse Effectto consummate the transactions contemplated by this Agreement.

Organization; Existence. Buyer is a limited liability company duly organizedformed, validly existing, and in good standing under the laws of the state State of Delaware. Buyer has all requisite limited liability company power and authority to own and operate its property and to carry on its business as now conducted. Buyer is duly licensed or qualified to do business and is in good standing in all jurisdictions in which such qualification is required by Law, Law except where the failure to qualify or be in good standing would not result in a Buyer Material Adverse Effect.

Organization; Existence. Buyer is a limited liability company partnership duly organized, formed and validly existing, and in good standing existing under the laws of the state Laws of Delaware. Buyer has all requisite limited liability company power and authority to own and operate its property (including, at Closing, the Assets) and to carry on its business as now conducted. By Closing, Buyer is will be duly licensed or qualified to do business as a foreign limited partnership and is in good standing in all jurisdictions in which such qualification is required by Law, Law except where the failure to qualify or be in good standing would not result in have a material adverse effect upon the ability of Buyer Material Adverse Effectto consummate the transactions contemplated by this Agreement.

Organization; Existence. Buyer is a limited liability company partnership duly organized, formed and validly existing, and in good standing existing under the laws of the state State of Delaware. Buyer has all requisite limited liability company power and authority to own and operate its property (including, without limitation, the Assets) and to carry on its business as now conducted. Buyer is duly licensed or qualified to do business as a foreign company and is in good standing in all jurisdictions the State of North Dakota and in any other jurisdiction in which such qualification is required by Law, except where the failure to qualify or be in good standing would not result in a Buyer Material Adverse Effectlaw.

Organization; Existence. Buyer is a limited liability company corporation duly organized, formed and validly existing, and in good standing existing under the laws of the state Laws of Delaware. Buyer has all requisite limited liability company power and authority to own and operate its property (including, at Closing, the Assets) and to carry on its business as now conducted. Buyer is duly licensed or qualified to do business as a foreign corporation and is in good standing in all jurisdictions in which such qualification is required by Law, Law except where the failure to qualify or be in good standing would not result in have a material adverse effect upon the ability of Buyer Material Adverse Effectto consummate the transactions contemplated by this Agreement.