Common use of Valid Existence; Good Standing Clause in Contracts

Valid Existence; Good Standing. Tenant is a limited liability company duly organized and validly existing under the laws of the State of California. Tenant has the requisite power and authority to own its property and conduct its business as presently conducted. Tenant is in good standing in the State of California.

Appears in 3 contracts

Samples: Interim Lease (Five Point Holdings, LLC), Marina Lease, Lease Agreement

AutoNDA by SimpleDocs

Valid Existence; Good Standing. Tenant is a limited liability company duly organized and validly existing under the laws of the State of California, and duly registered and authorized to conduct business in the State of California. Tenant has the requisite power and authority to own its property and conduct its business as presently conducted. Tenant is in good standing in the State of California.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

AutoNDA by SimpleDocs

Valid Existence; Good Standing. Tenant is a limited liability company corporation duly organized formed and validly existing under the laws of the State of California. Tenant has the requisite power and authority to own its property and conduct its business as presently conducted. Tenant is in good standing in the State of California.

Appears in 1 contract

Samples: Lease Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!