Common use of Organization, Standing and Power to Conduct Business Clause in Contracts

Organization, Standing and Power to Conduct Business. Each Acquired Company (i) has been duly organized, and is validly existing and in good standing (or equivalent status) (for jurisdictions which recognize such concept) under the laws of the jurisdiction of its formation; (ii) has the requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted; and (iii) is duly qualified and in good standing to do business (for jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary, except where any such failures to be so qualified, individually or in the aggregate, have not had and would not reasonably be expected to have or result in a Material Adverse Effect. Section 2.1(a) of the Disclosure Schedule accurately sets forth, as of the Agreement Date, each jurisdiction where each Acquired Company is qualified, licensed or admitted to do business.

Organization, Standing and Power to Conduct Business. Each Acquired Company Company: (i) has been duly organized, and is validly existing and in good standing (or equivalent status) (for jurisdictions which recognize status to the extent such concept) concept applies in the applicable jurisdiction), under the laws of the jurisdiction of its formation; (ii) has the requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted; and (iii) is duly qualified qualified, licensed and admitted to do business, and is in good standing to do business (for jurisdictions which recognize such concept) standing, in each jurisdiction in which the nature of its business such qualification, license or the ownership or leasing of its properties makes such qualification admission is necessary, except where any such failures to be so qualified, licensed, admitted or in good standing, individually or in the aggregate, have not had and would not reasonably be expected to have or result in a Material Adverse Effect. Section Part 2.1(a) of the Disclosure Schedule accurately sets forth, as of the Agreement Date, forth each jurisdiction where each Acquired Company is qualified, licensed or admitted to do business.

Organization, Standing and Power to Conduct Business. Each Acquired Company Company: (i) has been duly organized, and is validly existing and in good standing (or equivalent status) (for jurisdictions which recognize such concept) ), under the laws Legal Requirements of the jurisdiction of its formationorganization; (ii) has the requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted and as currently planned by such Acquired Company to be conducted; and (iii) is duly qualified qualified, licensed and admitted to do business, and is in good standing to do business (for jurisdictions which recognize such concept) or equivalent status), in each jurisdiction in which such qualification, license or admission is necessary (except in the nature case of its business or the ownership or leasing of its properties makes clause “(iii)” where such qualification necessary, except where any such failures failure to be so qualified, individually licensed or in the aggregate, have not had and registered would not have or be reasonably be expected to have or result in a Material Adverse EffectEffect on any Acquired Company). Section 2.1(aPart 3.1(a) of the Disclosure Schedule accurately sets forth, as of the Agreement Date, forth each jurisdiction where each Acquired Company is qualified, licensed or admitted to do business.