Common use of Organization, Standing and Qualification Clause in Contracts

Organization, Standing and Qualification. (a) The Company is duly organized, validly existing and in good standing under the Laws of the Cayman Islands and has all requisite power and authority to perform its obligations under this Agreement.

Organization, Standing and Qualification. (a) The Company is has been duly organized, is validly existing and in good standing under under, and by virtue of, the Laws laws of the Cayman Islands and has all requisite power and authority to own its properties and assets and to carry on its business as now conducted, and to perform each of its obligations under this Agreementthe Transaction Agreements to which it is a party. The Company is qualified to do business as a foreign corporation and is in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification.