Common use of Organization, Standing, Power and Subsidiaries Clause in Contracts

Organization, Standing, Power and Subsidiaries. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. The Company has the corporate power to own, operate and lease its properties and to conduct its Business and is duly qualified to do business and is in good standing in each jurisdiction where the failure to be so qualified or in good standing, individually or in the aggregate with any such other failures, would reasonably be expected to have a Material Adverse Effect on the Company and its Subsidiaries taken as a whole. The Company has and, since its inception has had, no Subsidiaries or any equity or ownership interest, whether direct or indirect, in, or any loans to, any corporation, partnership, limited liability company, joint venture or other business entity.

Organization, Standing, Power and Subsidiaries. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. The Company has the corporate power to own, operate operate, use, distribute and lease its properties and to conduct its the Business and is duly licensed or qualified to do business and is in good standing in each jurisdiction where the failure to be so qualified or in good standing, individually or in the aggregate with any such other failures, would reasonably be expected to have a Material Adverse Effect on with respect to the Company and its Subsidiaries taken as a wholeCompany. The Company has and, since its inception has had, no Subsidiaries or any equity or ownership interestEquity Interest, whether direct or indirect, in, or any loans to, any corporation, partnership, limited liability company, joint venture or other business entity.

Organization, Standing, Power and Subsidiaries. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. The Company has the corporate power to own, operate operate, use, distribute and lease its properties and to conduct its Business and the Business. The Company is duly licensed or qualified to do business and is in good standing in each jurisdiction where the failure to be so qualified or in good standing, individually or in the aggregate with any such other failures, would reasonably be expected to have a Material Adverse Effect on with respect to the Company and its Subsidiaries taken as a wholeCompany. The Company has and, since its inception has had, no Subsidiaries subsidiaries or any equity or ownership interestEquity Interest, whether direct or indirect, in, or any loans to, any corporation, partnership, limited liability company, joint venture or other business entity. There are no outstanding and currently effective powers of attorneys executed by or on behalf of the Company.

Organization, Standing, Power and Subsidiaries. (a) The Company is a corporation limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction the state of organizationFlorida. The Company has the corporate power to own, operate operate, use, distribute and lease its properties and to conduct its the Business and is duly licensed or qualified to do business and is in good standing in each jurisdiction where the failure to be so qualified or in good standing, individually or in the aggregate with any such other failures, would reasonably be expected to have a Material Adverse Effect on with respect to the Company and its Subsidiaries taken as a wholeCompany. The Company has and, since its inception has had, no Subsidiaries or any equity or ownership interestEquity Interest, whether direct or indirect, in, or any loans to, any corporation, partnership, limited liability company, joint venture or other business entity.