Existence and Powers Clause Samples
The "Existence and Powers" clause defines the legal status and authority of an entity, such as a corporation or partnership, under the agreement. It typically affirms that the entity is duly formed, validly existing, and has the legal power to enter into and perform its obligations under the contract. For example, it may specify that a company is incorporated in a particular jurisdiction and is authorized to conduct business as described. This clause ensures that the parties involved have the necessary legal standing and capacity, thereby reducing the risk of disputes over authority or enforceability of the agreement.
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Existence and Powers. The Parties are duly organized and validly existing under the laws of the 111 State of California, with full legal right, power, and authority to enter into and perform their 112 obligations under this Agreement.
Existence and Powers. Contractor is a corporation duly organized, validly existing, and in good standing under 683 the laws of the State of California and is qualified to transact business in the State and has full legal right, 684 power, and authority to enter into and perform its obligations under this Agreement.
Existence and Powers. The Company is a limited liability company duly created and validly existing and in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business and to execute and perform the Transaction Documents. The Company has obtained all material licenses and permits necessary to conduct its business in the manner presently conducted.
Existence and Powers. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the authority to do business in this State, with the full legal right, power and authority to enter into and perform its obligations under this Agreement.
Existence and Powers. The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State, and fully authorized to do business in the State, with the full legal right, power and authority to enter into and perform its obligations under this Agreement;
Existence and Powers. The Franchisee is duly organized and validly existing as a corporation under the laws of the State of California, with full legal right, power and authority to enter into and perform its obligations under this Franchise.
Existence and Powers. The Guarantor is duly organized and validly existing as a limited liability company under the laws of Delaware, with full legal right, power and authority to enter into and perform its obligations under this Guaranty.
Existence and Powers. CCCSWA is a Joint Powers Authority duly organized and validly existing 985 under the laws of the State of California, with full legal right, power, and authority to enter into 986 and perform its obligations under this Agreement.
Existence and Powers. The Guarantor is duly organized and validly existing as a corporation under the laws of the State of New York, with full legal right, power and authority to enter into and perform its obligations under this Guaranty.
Existence and Powers. The Contractor is duly organized and validly existing as a corporation under the laws of the State of California with full legal right and power to enter into and perform its obligations under this Agreement.