Common use of Organization, Standing and Authority of Seller Clause in Contracts

Organization, Standing and Authority of Seller. Seller is a corporation duly organized as a capital stock life and health insurance company, validly existing and in good standing under the Laws of the State of Minnesota. Seller has all corporate power and authority necessary or required by Law to engage in the conduct of the Annuity Business as currently conducted by it.

Organization, Standing and Authority of Seller. Seller is a corporation duly organized as a capital stock life and health insurance company, validly existing and in good standing under the Laws of the State of Minnesota. Seller JANY is a corporation duly organized, validly existing and in good standing in the State of New York. JANY has all corporate power and authority necessary or required by Law to engage in the conduct of the Annuity Insurance Business as currently conducted by it. Seller has furnished Purchaser with true and correct copies of the Articles of Incorporation and By-laws of JANY, along with all amendments thereto.

Organization, Standing and Authority of Seller. Seller is a corporation duly organized as a capital stock life and health insurance companyorganized, validly existing existing, and in good standing under the Laws laws of the State of Minnesota. Seller is qualified to transact business as a foreign corporation in the State of Iowa and is in good standing under the laws of the State of Iowa. Seller has all corporate requisite power (i) to own, operate, lease, and authority necessary or required by Law use the Transferred Assets, (ii) to engage in conduct the conduct business of operating the Annuity Business Exchange as currently conducted by itpresently conducted, and (iii) to execute, deliver, and perform its obligations under this Agreement and the documents contemplated hereby according to its respective terms.

Organization, Standing and Authority of Seller. Seller is a corporation duly organized as a capital stock life and health insurance company, validly existing and in good standing under the Laws of the State of Minnesota. Seller JANY is a corporation duly organized, validly existing and in good standing in the State of New York. JANY has all corporate power and authority necessary or required by Law to engage in the conduct of the Annuity Business as currently conducted by it.Insurance Business