Common use of Organization, Good Standing, Power, Etc Clause in Contracts

Organization, Good Standing, Power, Etc. LSAI is a corporation, duly organized, validly existing and in good standing under the laws of the State of Oklahoma and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as contemplated following the Closing. LSI is a corporation, duly organized, validly existing and in good standing under the laws of the State of Louisiana and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as contemplated following the Closing.

Organization, Good Standing, Power, Etc. LSAI is a corporation, duly organized, validly existing and in good standing under the laws of the State of Oklahoma and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as contemplated following the Closing. LSI is a corporationLSAI has furnished to PLL true, duly organizedcorrect and complete copies of its Certificate of Incorporation and Bylaws, validly existing as amended and in good standing under supplemented to the laws of the State of Louisiana and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as contemplated following the Closingdate hereof.

Organization, Good Standing, Power, Etc. LSAI is a corporation, duly organized, validly existing and in good standing under the laws of the State of Oklahoma and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as contemplated following the Closing. LSI is a corporation, duly organized, validly existing now being conducted and in good standing under the laws of the State of Louisiana and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as contemplated following the Closing.