Common use of Organization, Qualification and Power Clause in Contracts

Organization, Qualification and Power. Seller is a limited liability company, duly incorporated or organized, validly existing, and in good standing under the Laws of jurisdiction of its formation. Seller has full limited liability company power and authority and all Permits necessary to carry on the business in which Seller is engaged and to own, lease and use the properties owned, leased and used by Seller. Seller has delivered to Buyer correct and complete copies of Seller’s Organizational Documents. Seller is not in default under or in violation of any provision of its Organizational Documents.

Organization, Qualification and Power. The Seller is a limited liability company, company duly incorporated or organized, validly existing, duly authorized to conduct business and in good standing under the Laws laws of the jurisdiction of its formationorganization and of each jurisdiction where qualification is required. The Seller has full limited liability company power and authority and all Permits permits and licenses necessary to carry on the business in which Seller is engaged Business and to own, lease own and use the properties owned, leased owned and used by the Seller. The Seller has delivered to Buyer correct and complete copies of Seller’s Organizational Documents. Seller is no subsidiaries or does not otherwise control, own directly or indirectly, or have any equity participation directly or indirectly in default under or in violation of any provision of its Organizational Documentsentity.