Common use of Organization; Good Standing; Qualification and Power Clause in Contracts

Organization; Good Standing; Qualification and Power. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, has all requisite power and authority to own, lease and operate its assets and to carry on its business as presently being conducted, and is qualified to do business and is in good standing in every jurisdiction in which the failure so to qualify or be in good standing could reasonably be expected to have a Material Adverse Effect on the Company.

Organization; Good Standing; Qualification and Power. The Company Corporation is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite power and authority to own, lease and operate its properties and assets and to carry on its business as presently being conducted, and . The Corporation is qualified or licensed to do business and is in good standing in every jurisdiction in which the failure to so to qualify qualify, be licensed or be in good standing standing, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect material adverse effect on the CompanyCorporation.

Organization; Good Standing; Qualification and Power. The Company (i) is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and (ii) has all requisite corporate power and authority to own, lease and operate its properties and assets and to carry on its business as presently now being conducted, to enter into this Agreement, to perform its obligations hereunder and is qualified to do business consummate the transactions contemplated hereby. The Company has delivered to Parent true and is in good standing in every jurisdiction in which complete copies of the failure so to qualify or be in good standing could reasonably be expected to have a Material Adverse Effect on Charter and by-laws of the Company.

Organization; Good Standing; Qualification and Power. The Company (i) is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, (ii) has all requisite corporate power and authority to own, lease and operate its properties and assets and to carry on its business as presently now being conductedconducted and as proposed to be conducted pursuant to the Preliminary Business Plan dated September 25, 1996 (the "Business Plan") and the Related Agreements, to enter into this Agreement and the Agreement of Merger, to perform its obligations hereunder and thereunder, and is qualified to do business and is in good standing in every jurisdiction in which the failure so to qualify or be in good standing could reasonably be expected to have a Material Adverse Effect on the Company.consummate the

Organization; Good Standing; Qualification and Power. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareNevada, has all requisite power and authority to own, lease and operate its assets and to carry on its business as presently being conducted, and is qualified to do business and is in good standing in every jurisdiction in which the failure so to qualify or be in good standing could reasonably be expected to have a Material Adverse Effect (as defined below) on the Company.

Organization; Good Standing; Qualification and Power. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, has all requisite power and authority to own, lease and operate its assets and to carry on its business as presently being conducted, and is qualified to do business and is in good standing in every jurisdiction in which the failure so to qualify or be in good standing could reasonably be expected to have a Material Adverse Effect on the CompanyEffect.