Common use of Status and Authority Clause in Contracts

Status and Authority. Seller is duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and its charter documents to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby.

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

Status and Authority. Each Seller is a duly formed, validly existing and entity in good standing under the laws of its state of formation, and has have all requisite power and authority under the laws of such state and its charter documents to enter into and perform its their obligations under this its Agreement and the OTAs and to consummate the transactions contemplated herebyhereby and thereby.

Status and Authority. Seller is duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and its charter documents to enter into and perform its obligations under this Agreement and the OTAs and to consummate the transactions contemplated herebyhereby and thereby.