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

Organization; Ownership; Power; Qualification. EnergySolutions is a limited liability company, or, to the extent permitted by Section 7.4(b)(v), a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. EnergySolutions has the limited liability company power, or corporate power, as applicable, and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted. Each Subsidiary, Holdco and Parent is a corporation, limited liability company or a partnership (as the case may be) duly organized, validly existing and in good standing under the laws of the state of its incorporation, organization or formation (as the case may be), and has the necessary power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted. Holdco, EnergySolutions, Parent and each of their Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction (other than their respective jurisdictions of incorporation, organization or formation) in which the character of their respective properties or the nature of their respective businesses makes such qualification or authorization prudent, except where the failure to be so qualified and in good standing would not reasonably be expected to result in a Material Adverse Change.

Organization; Ownership; Power; Qualification. EnergySolutions is a limited liability company, or, to the extent permitted by Section 7.4(b)(v7.4(b), a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. EnergySolutions has the limited liability company power, or corporate power, as applicable, and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted. Each Subsidiary, Holdco Subsidiary and Parent is a corporation, limited liability company or a partnership (as the case may be) duly organized, validly existing and in good standing under the laws of the state of its incorporation, organization or formation (as the case may be), and has the necessary power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted. Holdco, EnergySolutions, Parent and each of their Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction (other than their respective jurisdictions of incorporation, organization or formation) in which the character of their respective properties or the nature of their respective businesses makes such qualification or authorization prudent, except where the failure to be so qualified and in good standing would not reasonably be expected to result in a Material Adverse Change.

Organization; Ownership; Power; Qualification. EnergySolutions is a limited liability company, or, to the extent permitted by Section 7.4(b)(v), a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. EnergySolutions has the limited liability company power, or corporate power, as applicable, and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted. Each Subsidiary, Holdco Subsidiary and Parent is a corporation, limited liability company or a partnership (as the case may be) duly organized, validly existing and in good standing under the laws of the state of its incorporation, organization or formation (as the case may be), and has the necessary power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted. Holdco, EnergySolutions, Parent and each of their respective Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction (other than their respective jurisdictions of incorporation, organization or formation) in which the character of their respective properties or the nature of their respective businesses makes such qualification or authorization prudent, except where the failure to be so qualified and in good standing would not reasonably be expected to result in a Material Adverse Change.