Common use of Organization and Standing of Third Enterprise Clause in Contracts

Organization and Standing of Third Enterprise. Third Enterprise is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida, and has the corporate power to carry on its business as now conducted and to own its assets and it not required to qualify to transact business as a foreign corporation in any state or other jurisdiction. The copies of the Articles of Incorporation and Bylaws of Third Enterprise, delivered to Competitive Companies, are true and complete copies of those documents as now in effect. Third Enterprise does not own any capital stock in any other corporation, business trust or similar entity, and is not engaged in a partnership, joint venture or similar arrangement with any person or entity. The minute books of Third Enterprise contain accurate records of all meetings of its incorporator, shareholders and Board of Directors since its date of incorporation.