Common use of Organization, Standing and Limited Liability Company Power Clause in Contracts

Organization, Standing and Limited Liability Company Power. Buyer is a limited liability company, is duly organized, validly existing and in good standing under the Laws of Delaware. Buyer has all requisite limited liability company power and authority necessary to own or lease all of its properties and assets and to carry on its business as it is now being conducted. Buyer is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Buyer Material Adverse Effect.

Organization, Standing and Limited Liability Company Power. Buyer is a limited liability company, is duly organized, validly existing and in good standing under the Laws of Delaware. Buyer has all requisite limited liability company power and authority necessary to own or lease all of its properties and assets and to carry on its business as it is now being conducted. Buyer is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Buyer Material Adverse Effect.. Section 4.2

Organization, Standing and Limited Liability Company Power. Buyer is a limited liability company, is duly organized, validly existing and in good standing under the Laws of Delaware. Buyer has all requisite limited liability company power and authority necessary to own or lease all of its properties and assets and to carry on its business as it is now being conducted. Buyer is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such qualification necessary, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Buyer Material Adverse Effect.