Common use of Corporate Existence and Qualifications Clause in Contracts

Corporate Existence and Qualifications. Each is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which incorporated or chartered, with full corporate power to own its properties and to carry on its business as now owned and operated by each.

Corporate Existence and Qualifications. Each Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which incorporated or charteredits respective jurisdiction, with full corporate power to own its properties and to carry on its business as now owned and operated by eachoperated.