Common use of Valid Existence; Good Standing; Joint Venture Relationships Clause in Contracts

Valid Existence; Good Standing; Joint Venture Relationships. Developer and any of the entities which are constituents of such Developer, if applicable, are duly organized and validly existing entities under the laws of the states of their incorporation. Developer has all requisite power and authority to own its property and conduct its business as presently conducted. Developer has made all legally required filings and is in good standing in the jurisdiction of the State of California.

Valid Existence; Good Standing; Joint Venture Relationships. Each of Lead Developer and Affordable Developer and any of the entities which are constituents of such Developer, if applicable,, are duly organized and validly existing entities under the laws of the states of their incorporation. Each of Lead Developer and Affordable Developer has all requisite power and authority to own its property and conduct its business as presently conducted. Each of Lead Developer and Affordable Developer has made all legally required filings and is in good standing in the jurisdiction of the State of California.

Valid Existence; Good Standing; Joint Venture Relationships. Developer and any of its entities and affiliates involved in the entities which are constituents of such DeveloperProject, if applicable, are duly organized and validly existing entities under the laws of the states of their incorporation. Developer has all requisite power and authority to own its property and conduct its business as presently conducted. Developer has made all legally required filings and is in good standing in the jurisdiction of the State of California.