Common use of Organization Powers Qualification Good Standing Business and Subsidiaries Clause in Contracts

Organization Powers Qualification Good Standing Business and Subsidiaries. A. Organization and Powers. Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Company has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

Organization Powers Qualification Good Standing Business and Subsidiaries. A. Organization and Powers. Company is a corporation limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Company has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and Documents, to carry out the transactions contemplated therebythereby and to issue and pay the Notes.