Common use of Valid Organization Clause in Contracts

Valid Organization. (a) Seller is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Colorado. (b) The Company is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Texas.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Adams Resources & Energy, Inc.)

Valid Organization. (a) Seller is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Colorado.. 10 (b) The Company is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Texas.

Appears in 1 contract

Sources: Purchase and Sale Agreement