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

Organization; Power; Good Standing. Seller is a Nebraska political subdivision duly organized and existing, pursuant to the laws of the State of Nebraska. Seller has all requisite power and authority to own and operate the Property and carry on its business as now being conducted and to enter into and perform this Agreement.

Appears in 4 contracts

Samples: Purchase Agreement, Redevelopment Agreement, Purchase Agreement

Organization; Power; Good Standing. Seller is a Nebraska political subdivision corporation duly organized organized, and existing, pursuant to in good standing under the laws of the State of Nebraska. Seller has all requisite power and authority to own and operate the Property its property and carry on its business as now being conducted and to enter into and perform this Agreement.

Appears in 1 contract

Samples: Purchase Agreement

Organization; Power; Good Standing. Seller is a Nebraska political subdivision duly organized and existing, pursuant to the laws of the State of Nebraska. Seller has all requisite power and authority to own and operate the Property and carry on its business as now being conducted and to enter into and perform this Agreement. Seller has properly declared the Property surplus and has lawful authority to convey the Property to the Seller.

Appears in 1 contract

Samples: Option to Purchase Real Property Agreement