Common use of Organization of Company Clause in Contracts

Organization of Company. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware. The Company is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. The Company has full corporate power and authority and all licenses, permits, and authorizations necessary to carry on its business. The Company has no subsidiaries and does not control any other subsidiaries, directly or indirectly, or have any direct or indirect equity participation in any other entity.

Organization of Company. The Company is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware, has all requisite corporate power to own, lease and operate its property and to carry on its business as now being conducted. The Company is duly authorized qualified or licensed to conduct do business and is in good standing under the laws of as a foreign corporation in each jurisdiction where in which the nature of its business or ownership or leasing of Properties makes such qualification is requiredor licensing necessary and where the failure to be so qualified or licensed would reasonably be expected to result in a Company Material Adverse Effect. The Company has full corporate power and authority and all licenses, permits, and authorizations necessary to carry on its business. The Company has no subsidiaries and does not control any other subsidiaries, directly or indirectly, or have any direct or indirect equity participation in any other entity.For purposes of this