Organization Form Sample Clauses

The Organization Form clause defines the legal structure and status of a party entering into an agreement, such as whether it is a corporation, partnership, limited liability company, or another entity type. This clause typically requires each party to specify its exact organizational form and jurisdiction of formation, ensuring that all parties are properly identified and authorized to enter into the contract. By clarifying the legal identity and capacity of each party, the clause helps prevent disputes over authority and ensures that the agreement is enforceable against the correct entities.
Organization Form. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted and described in the SEC Reports (as defined below).
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Organization Form. Each of the Company and Nortek is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted.
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Organization Form. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted.
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Organization Form. 6.2.1 The Organization shall, with due deliberation, proceed to incorporate as a public nonprofit corporation pursuant to Chapter 24.06 RCW and as a tax-exempt organization pursuant to Section 501(c)(3) of the Interlocal Revenue Code of 1986, as amended. Provided, however, until incorporation under state law pursuant to this Section, the Organization may continue to act consistent with this Agreement and RCW 39.34.030. 6.2.2 The Organization may reorganize in such manner as may be permitted by law by amendment to this Agreement in accordance with Section 12.10.
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Organization Form. The Promoter is in the process of forming a corporation to be duly organized in good standing under the laws of the State of Florida and will have all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted.
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Related to Organization Form

  • Organization, etc Financial Security is a stock insurance company duly organized, validly existing and authorized to transact financial guaranty insurance business under the laws of the State of New York.

  • Organization, Standing, Etc Such Borrower is a corporation or trust duly organized, validly existing, and in good standing under applicable state laws and has all requisite corporate or trust power and authority to carry on its respective businesses as now conducted and proposed to be conducted, to enter into this Agreement and all other documents to be executed by it in connection with the transactions contemplated hereby, to issue and borrow under the Note and to carry out the terms hereof and thereof;

  • Organization of Company The Company, a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and the Company is legally qualified to transact business in Illinois. The Company has full power and authority to own or lease and to operate and use its assets and to carry on its business at the Project. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency, or rehabilitation of the Company.

  • Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity (a) Amend, modify or change its Organization Documents in a manner adverse to the Lenders. (b) Change its fiscal year. (c) Without providing ten (10) days prior written notice to the Administrative Agent, change its name, state of formation or form of organization.

  • Organization, Good Standing, Etc Each Loan Party (i) is a corporation, limited liability company or limited partnership duly organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and authority to conduct its business as now conducted and as presently contemplated and, in the case of the Borrowers, to make the borrowings hereunder, and to execute and deliver each Loan Document to which it is a party, and to consummate the transactions contemplated thereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except (solely for the purposes of this subclause (iii)) where the failure to be so qualified and in good standing could reasonably be expected to have a Material Adverse Effect.