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), Island Marina Lease, Sailing Center Lease
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, Lease
