Common use of Status, Power and Authority Clause in Contracts

Status, Power and Authority. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and authority to own and lease its properties, to conduct its business as currently conducted, to acquire the Acquired Assets and to perform its obligations under this Agreement including, without limitation, the corporate power and authority to assume and perform the Assumed Obligations. Buyer is qualified to do business in the state of Texas.

Status, Power and Authority. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and authority to own and lease its properties, properties and to conduct its business as currently conducted, conducted and to acquire the Acquired Assets and to perform its obligations under this Agreement including, without limitation, the corporate power and authority to assume and perform the Assumed Obligations. Buyer is qualified to do business in the state of Texasbe Acquired.

Status, Power and Authority. Buyer is a Delaware corporation duly organized, validly existing and in good standing under the laws of the State its jurisdiction of Delaware organization and has the requisite corporate power and authority to own and lease its properties, properties and to conduct its business as currently conducted, conducted and to acquire the Acquired Assets and to perform its obligations under this Agreement including, without limitation, the corporate power and authority to assume and perform the Assumed Obligations. Buyer is qualified to do business in the state of Texasbe Acquired.

Status, Power and Authority. Buyer is a corporation duly organized, --------------------------- validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and authority to own and lease its properties, properties and to conduct its business as currently conducted, conducted and to acquire the Acquired Assets and to perform its obligations under this Agreement including, without limitation, the corporate power and authority to assume and perform the Assumed Obligations. Buyer is qualified to do business in the state of Texasbe Acquired.

Status, Power and Authority. The Buyer is a Delaware corporation duly organized, validly existing and in good standing under the laws of the State its jurisdiction of Delaware organization and has the requisite corporate power and authority to own and lease its properties, properties and to conduct its business as currently conducted, conducted and to acquire the Acquired Assets and to perform its obligations under this Agreement including, without limitation, the corporate power and authority to assume and perform the Assumed Obligations. Buyer is qualified to do business in the state of TexasCompany Shares.