Common use of Structure and Standing Clause in Contracts

Structure and Standing. Each party represents and warrants that it is duly organized as a series of a business trust, validly existing and in good standing under the laws of the Commonwealth of Massachusetts, and has the power to own all of its properties and assets and conduct its business.

Structure and Standing. Each party represents and warrants that it is duly organized as a series of a business trust, validly existing and in good standing under the laws of the Commonwealth of Massachusettsjurisdiction in which it is organized, and has the power to own all of its properties and assets and conduct its business.