Common use of Organization; Good Standing Clause in Contracts

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has full corporate power and authority to own its properties and to conduct the businesses in which it is now engaged.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation formation, and has full corporate all requisite power and authority to own carry on its business and to own, lease, operate and hold its properties and to conduct the businesses in which it is now engagedassets.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has full corporate all requisite corporate, and other power and authority and legal right to own own, operate and lease its properties properties, and to carry on its business as now being conducted. Seller is duly qualified to do business and is in good standing in each jurisdiction where the conduct of its business or the businesses in which it is now engagedownership or leasing of its property requires such qualification.

Organization; Good Standing. The Seller is a corporation corporation, duly organizedincorporated, validly existing and in good standing under the laws of the state of its jurisdiction of incorporation and has full all requisite corporate power and authority to own own, sell and lease the Assets. The Seller is duly qualified and licensed to do business and is in good standing in all jurisdictions where the nature of its properties and to conduct the businesses in which it is now engagedbusiness makes such qualification necessary.

Organization; Good Standing. The Seller is a corporation Corporation duly organized, validly existing and in good standing under the laws of its jurisdiction the State of incorporation and has full corporate New York with all requisite power and authority to own perform its properties and to conduct the businesses in which it is now engagedobligations hereunder.

Organization; Good Standing. (a) The Seller is a corporation duly organized, validly existing existing, and in good standing under the laws of its jurisdiction of incorporation and has incorporation, with full corporate power and authority to own conduct its properties and to conduct the businesses in which business as it is now engagedbeing conducted, to own or use the properties and assets that it purports to own or use, and to perform all its obligations under Contracts. (b) The Seller has delivered to the Buyers originals of the Organizational Documents of the Company, as currently in effect.

Organization; Good Standing. The Seller is a corporation duly --------------------------- organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has full corporate power and authority to own its properties and to conduct the businesses in which it is now engaged.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and subsisting or in good standing under the laws of its jurisdiction the State of incorporation New Jersey and has full corporate the requisite power and authority to own its properties and to conduct the businesses in which it is now engagedenter into this Agreement.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction the State of incorporation New Jersey and has full corporate power and authority to own its properties the Business Assets and to conduct carry on the businesses in which it is Business as now engagedbeing conducted.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under Applicable Laws of the laws State of its jurisdiction of incorporation and New Jersey. Seller has full corporate power and authority to own its properties and lease the Assets and to conduct carry on the businesses Business as previously conducted. Seller is duly qualified in each jurisdiction in which it is now engagedtransacts business.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing existing, and in good standing under the state laws of its jurisdiction New York, and federal law of incorporation and has full corporate power and authority to own its properties and the United States, to conduct the businesses in which it is now engagedbusiness.

Organization; Good Standing. The Seller is (i) an individual or (ii) a corporation trust, corporation, limited liability company or limited partnership duly organized, validly existing and and, to the extent such concept is applicable, in good standing under the laws Laws of its jurisdiction of incorporation and has full corporate power and authority to own its properties and to conduct the businesses in which it is now engagedorganization.

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its the jurisdiction of incorporation and its incorporation. Seller has full the requisite corporate power and authority to own its own, lease and use the properties and assets that it owns, leases and uses in connection with the Business and to conduct the businesses in which it is now engagedBusiness as presently conducted.