Common use of Valid Organization Clause in Contracts

Valid Organization. (a) BPNA is a corporation duly formed, validly existing and in good standing under the Laws of the State of Maryland, and is duly qualified or licensed to do business as a foreign entity in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed in States other than Maryland would not reasonably be expected to cause a Material Adverse Effect. 3.1 (b) BP Offshore is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware, and is duly qualified or licensed to do business as a foreign entity in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed in States other than Delaware would not reasonably be expected to cause a Material Adverse Effect.

Valid Organization. (a) BPNA is a corporation duly formed, validly existing and in good standing under the Laws of the State of Maryland, and is duly qualified or licensed to do business as a foreign entity in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed in States other than Maryland would not reasonably be expected to cause a Material Adverse Effect. 3.1 (b) BP Offshore is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware, and is duly qualified or licensed to do business as a foreign entity in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Purchase Agreement, except where the failure to be so qualified or licensed in States other than Delaware would not reasonably be expected to cause a Material Adverse Effect.