Common use of Organization; Qualification Clause in Contracts

Organization; Qualification. Seller is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to own, lease and operate the Auctioned Assets and to carry on the business of the Auctioned Assets as currently conducted.

Organization; Qualification. Seller is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New York Jersey and has all requisite corporate power and authority to own, lease and operate the Auctioned Assets its properties and to carry on its business as it is now being conducted. Seller is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction in which its business of as now being conducted requires it to be so qualified, except to the Auctioned Assets as currently conductedextent that the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect.

Organization; Qualification. Seller is a corporation duly incorporated, validly existing and in good standing under the laws of the State Commonwealth of New York Virginia and the District of Columbia and has all requisite corporate power and authority to own, lease and operate the Auctioned Assets and to carry on the business of the Auctioned Assets as currently conducted.

Organization; Qualification. Seller is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of New York Illinois and has all requisite corporate power and authority to own, lease lease, and operate the Auctioned Assets its properties and to carry on the its business as is now being conducted. Seller has heretofore delivered to Buyer complete and correct copies of the Auctioned Assets its Articles of Incorporation and Bylaws as currently conductedin effect.

Organization; Qualification. The Seller is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to own, lease lease, and operate the Auctioned Assets its properties and to carry on its business as is now being conducted. The Seller has heretofore delivered to the business Buyer complete and correct copies of the Auctioned Assets its Certificate of Incorporation and Bylaws as currently conductedin effect.

Organization; Qualification. Seller is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New York Jersey and has all requisite corporate power and authority to own, lease and operate the Auctioned Assets its properties and to carry on its business as it is now being conducted. Seller is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction in which its business of as now being conducted requires it to be so qualified, except to the Auctioned Assets as currently conductedextent that the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect.

Organization; Qualification. Such Seller is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to own, lease and operate the Auctioned Assets and to carry on the business of the Auctioned Assets as currently conducted.

Organization; Qualification. The Seller is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to own, lease lease, and operate the Auctioned Assets its properties and to carry on its business as is now being conducted. The Seller has heretofore delivered to the business Buyer complete and correct copies of the Auctioned Assets its Certificate of Incorporation and By-Laws as currently conductedin effect.

Organization; Qualification. Seller is a corporation duly incorporated, validly existing and in good standing under the laws Laws of the State of New York Jersey and has all requisite corporate power and authority to own, lease and operate the Auctioned Assets its assets and properties and to carry on the its business of the Auctioned Assets as currently it is now being conducted.

Organization; Qualification. Seller is a corporation duly incorporatedorganized, validly existing and in good standing under the its applicable laws of the State of New York and has all requisite corporate power and authority to own, lease own its assets and operate the Auctioned Assets and to carry on the its business of the Auctioned Assets as currently it is presently being conducted. Seller is duly qualified and in good standing to do business in each jurisdiction in which its business makes such qualification.

Organization; Qualification. The Seller is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to own, lease lease, and operate the Auctioned Assets its properties and to carry on its business as is now being conducted. Seller is duly qualified to do business as a foreign corporation and is in good standing under the business laws of each jurisdiction in which it operates the Auctioned Purchased Assets and such jurisdiction requires it to be so qualified. The Seller has heretofore delivered to the Buyer complete and correct copies of its Certificate of Incorporation and By-Laws as currently conductedin effect.