Common use of Corporate Clause in Contracts

Corporate. (1) The Seller is a corporation duly organized, validly existing and in good standing under and by virtue of the laws of the State of New Jersey. The Seller is qualified to do business as a foreign corporation in such other states in which the ownership of its assets or the nature and conduct of its businesses requires such qualification and which are set forth in Schedule "2(a)" previously delivered to Buyer.

Corporate. (1a) The Seller is a corporation duly organized, validly existing and in good standing under and by virtue of the laws of the State of New JerseyConnecticut. The Seller is qualified has all necessary corporate power and authority to do own its properties and assets and to conduct its business as a foreign corporation in such other states in which the ownership of its assets or the nature and conduct of its businesses requires such qualification and which are set forth in Schedule "2(a)" previously delivered to Buyernow conducted.