Common use of Ownership, Organization and Qualification Clause in Contracts

Ownership, Organization and Qualification. The Seller is a corporation duly incorporated and validly existing and in good standing under the laws of the State of Delaware, has not filed articles of dissolution and has a perpetual period of existence. The Seller has all requisite corporate power and authority to own, operate and lease its properties and to conduct its business as now being conducted.

Ownership, Organization and Qualification. The Seller is a corporation duly incorporated and validly existing and in good standing under the laws of the State of Delaware, has filed with the appropriate state agency the most recent annual report required to be filed by it, has not filed articles of dissolution and has a perpetual period of existence. The Seller has all requisite corporate power and authority is qualified to own, operate and lease its properties and to conduct its transact business as now being conductedforeign corporation in the jurisdictions set forth on the Schedule 4.1, and the Seller is not otherwise required to be so qualified in any other jurisdiction.