Common use of Organization; Ownership; Power; Qualification Clause in Contracts

Organization; Ownership; Power; Qualification. The Guarantor and each Lessee is (i) a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted, and (iii) is duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of its properties or the nature of its businesses requires such qualification or authorization.

Organization; Ownership; Power; Qualification. The Each of the Guarantor and each the Lessee is (i) a corporation limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationformation, (ii) has the corporate limited liability company power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted, and (iii) is duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of its properties or the nature of its businesses requires such qualification or authorization.

Organization; Ownership; Power; Qualification. The Each of the Guarantor and each the Lessee is (i) a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted, and (iii) is duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of its properties or the nature of its businesses requires such qualification or authorization.