Common use of Valid Organization Clause in Contracts

Valid Organization. Seller is as of the date of this Purchase Agreement, and will be on the Closing Date, duly organized, validly existing and in good standing under the laws of the State of its incorporation or formation, 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 would not reasonably be expected to cause a Material Adverse Effect.

Valid Organization. Seller is as of the date of this Purchase Agreement, and will be on the Closing Date, a corporation duly organized, validly existing and in good standing under the laws of the State of its incorporation or formationMaine, and is duly qualified or licensed to do business as a foreign entity in all States 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 would not reasonably be expected to cause a Material Adverse Effect.