Common use of Valid Existence Clause in Contracts

Valid Existence. Buyer is a limited liability company duly organized, validly existing and on active status under the laws of its jurisdiction of organization, with all requisite limited liability company power and authority to and all authorizations, licenses and permits necessary to own and operate its properties and to carry on its business as now conducted.

Valid Existence. Buyer is a limited liability company duly organized, validly existing and on active status in good standing under the laws of its the jurisdiction of organization, with all its organization and has the requisite limited liability company power and authority to and all authorizationsnecessary governmental approvals to own, licenses and permits necessary to own lease and operate its properties and to carry on its business as it is now being conducted.