Common use of Due Organization and Power Clause in Contracts

Due Organization and Power. Each Obligor is duly formed or incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, has all requisite power to carry on its business as now being conducted and to enter into and perform its obligations under the Loan Documents to which it is a party, and has complied in all material respects with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each each Obligor is duly established or formed or incorporated, and is validly existing and in good standing under the laws of its jurisdiction of formation to the extent such concept is recognized under the laws of its jurisdiction of formation, has all requisite full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement and the other Loan Documents to which it is a party, and has complied in all material respects with all statutory, regulatory and other requirements relative to such business and such agreementsDocuments;