Common use of Organization, Good Standing and Entity Authority Clause in Contracts

Organization, Good Standing and Entity Authority. Transferee is a limited partnership, duly organized, validly existing and in good standing under the laws of Delaware, and has all requisite corporate power to own and operate its properties and carry on its business.

Organization, Good Standing and Entity Authority. Transferee is a limited partnershipliability company, duly organized, validly existing and in good standing under the laws of Delaware, and has all requisite corporate power to own and operate its properties and carry on its business.