Common use of Organization; Requisite Authority Clause in Contracts

Organization; Requisite Authority. The Noteholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Noteholder possesses all requisite power and authority necessary to consummate the Exchange and the transactions contemplated by this Agreement and to transfer the Existing Notes to the Company.

Organization; Requisite Authority. The Noteholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Noteholder possesses all requisite power and authority necessary to consummate the Exchange and the transactions Transactions contemplated by this Agreement and Agreement, to transfer the Existing Notes to the CompanyCompany and to pay the purchase price for the Initial Notes Purchase and, if applicable, the Delayed Draw Purchase.

Organization; Requisite Authority. The Noteholder is Noteholders are duly organized, validly existing and in good standing under the laws of the jurisdiction of its their organization. The Noteholder possesses Noteholders possess all requisite power and authority necessary to consummate the Exchange and the transactions contemplated by this Agreement and to transfer the Existing First Lien Notes to the Company, free and clear of any lien or encumbrance.

Organization; Requisite Authority. The Each Noteholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Each Noteholder possesses all requisite power and authority necessary to consummate the Exchange and the transactions contemplated by this Agreement and to transfer the Existing First Lien Notes to the Company, free and clear of any lien or encumbrance.

Organization; Requisite Authority. The Each Noteholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Each Noteholder possesses all requisite power and authority necessary to consummate the Exchange and the transactions contemplated by this Agreement and to transfer the Existing Notes to the CompanyCompany as contemplated by Section 1.1.

Organization; Requisite Authority. The Each Noteholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Each Noteholder possesses all requisite power and authority necessary to enter into this Agreement and the Subordination Agreement and consummate the Exchange and the transactions contemplated by this Agreement and the Subordination Agreement and to transfer the Existing Notes to the CompanyCompany as contemplated by Section 1.1.

Organization; Requisite Authority. The Each Noteholder is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Each Noteholder possesses all requisite power and authority necessary to consummate the Exchange and the transactions contemplated by this Agreement and to transfer the Existing Notes to the Company, free and clear of any lien or encumbrance.