Common use of Status and Authority Clause in Contracts

Status and Authority. Seller is a limited liability company duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and their charter documents to enter into and perform their obligations under this Agreement and the OTA and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Seller is a Sellers are corporations or limited liability company companies duly formed, validly existing and in good standing under the laws of its state of formation, and has have all requisite power and authority under the laws of such state and their charter documents to enter into and perform their obligations under this Agreement and the OTA OTAs and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Seller is a limited liability company duly formed, validly existing and in good standing under the laws of its state of formation, and has have all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and the OTA and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Seller is a limited liability company duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and the OTA and to consummate the transactions contemplated hereby and thereby.