Common use of Seller Representations and Covenants Clause in Contracts

Seller Representations and Covenants. (a) Seller is a corporation duly organized and validly existing under the laws of the State of Colorado, and is in good standing under such laws. The Seller has all requisite corporate power and authority to own, lease and operate its properties and assets, and to carry on its business as presently conducted. The Seller is qualified to do business as a foreign corporation in each jurisdiction in which the ownership of its property or the nature of its business requires such qualification, except where failure to so qualify would not have a material adverse effect on the Seller.

Seller Representations and Covenants. (a) Seller is a corporation duly organized and validly existing under the laws of the State of Colorado, and is in good standing under such laws. laws- The Seller has all requisite corporate power and authority to own, lease and operate its properties and assets, and to carry on its business as presently conducted. The Seller is qualified to do business as a foreign corporation in each jurisdiction in which the ownership of its property or the nature of its business requires such qualification, except where failure to so qualify would not have a material adverse effect on the Seller.