Common use of Organization, Qualification and Power Clause in Contracts

Organization, Qualification and Power. Each GTY Party (i) is duly organized or incorporated, validly existing and in good standing under the Laws of Massachusetts, Delaware or the Cayman Islands, as applicable, (ii) has the requisite power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted, and (iii) is duly licensed or qualified to conduct its business, and if applicable, is in good standing under the Laws of each jurisdiction in which the conduct of its business or the ownership of its properties or assets requires such license or qualification, in each case, except where the failure to be so organized, incorporated or existing, to have such power or authority, or if applicable, to be in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Organization, Qualification and Power. Each GTY Party (i) is duly organized or incorporated, incorporated validly existing and in good standing under the Laws of Massachusettsthe State of Delaware, Delaware State of Massachusetts or the Cayman Islands, as applicableGrand Cayman, (ii) has the requisite power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted, and (iii) is duly licensed or qualified to conduct its business, and if applicable, is in good standing under the Laws of each jurisdiction in which the conduct of its business or the ownership of its properties or assets requires such license or qualification, in each case, except where the failure to be so organized, organized or incorporated or existing, to have such power or authority, or if applicable, to be in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Organization, Qualification and Power. Each GTY Party (i) is duly organized or incorporated, validly existing and in good standing under the Laws laws of Massachusetts, Delaware or the Cayman Islands, as applicableits jurisdiction of incorporation, (ii) has the requisite power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted, and (iii) is duly licensed or qualified to conduct its business, and if applicable, is in good standing under the Laws of each jurisdiction in which the conduct of its business or the ownership of its properties or assets requires such license or qualification, in each case, except where the failure to be so organized, organized or incorporated or existing, to have such power or authority, or if applicable, to be in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Organization, Qualification and Power. Each GTY Party (ia) is duly organized or incorporatedorganized, validly existing and in good standing under the Laws of Massachusetts, Delaware State of Massachusetts or the Cayman Islands, as applicableGrand Cayman, (iib) has the requisite power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted, and (iiic) is duly licensed or qualified to conduct its business, and if applicable, is in good standing under the Laws of each jurisdiction in which the conduct of its business or the ownership of its properties or assets requires such license or qualification, in each case, except where the failure to be so organized, incorporated organized or existing, to have such power or authority, or if applicable, to be in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effectbe materially adverse to such GTY Party.

Organization, Qualification and Power. Each GTY Party (i) is duly organized or incorporatedorganized, validly existing and in good standing under the Laws of Massachusetts, Delaware or the Cayman Islands, as applicablethe State of Delaware or the State of Massachusetts, (ii) has the requisite power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted, and (iii) is duly licensed or qualified to conduct its business, and if applicable, is in good standing under the Laws of each jurisdiction in which the conduct of its business or the ownership of its properties or assets requires such license or qualification, in each case, except where the failure to be so organized, incorporated organized or existing, to have such power or authority, or if applicable, to be in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.