Common use of Status and Authority Clause in Contracts

Status and Authority. Sellers are corporations or limited liability companies duly formed, validly existing and in good standing under the laws of its state of formation, and have all requisite power and authority under the laws of such state and their charter documents to enter into and perform their obligations under this Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Sellers are corporations or limited liability companies Seller is a corporation duly formed, validly existing and in good standing under the laws of its state of formation, and have has all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and the OTAs OTA and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Sellers are corporations or Seller is a limited liability companies company duly formed, validly existing and in good standing under the laws of its state of formation, and have all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Sellers are corporations or Seller is a limited liability companies company duly formed, validly existing and in good standing under the laws of its state of formation, and have has all requisite power and authority under the laws of such state and their charter documents to enter into and perform their obligations under this Agreement and the OTAs OTA and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Sellers are corporations or Seller is a limited liability companies company duly formed, validly existing and in good standing under the laws of its state of formation, and have has all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Sellers are corporations or Seller is a limited liability companies company duly formedorganized, validly existing and in good standing under the laws of the jurisdiction of its state of formation, formation and have has all requisite power and authority under the laws of such state to own its properties, to conduct its business as conducted at present and their charter documents to enter into execute, deliver and perform their obligations under this Agreement and the OTAs and to consummate the transactions contemplated hereby and therebyAgreement.