Common use of Due Organization and Power Clause in Contracts

Due Organization and Power. Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Credit Facility Agreement, the Note and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note Note, the Guaranty and the Security Documents to which it is a partyDocuments, and has complied with all statutory, regulatory and other requirements relative applicable to such business and such agreements;

Due Organization and Power. Each Security Party is duly formed incorporated and is validly existing in good standing under the laws of its jurisdiction of incorporation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Transaction Documents to which it is a party, and has complied is in compliance with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each of the Security Party Parties is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security those Financing Documents to which it is or is to be a partyparty pursuant to this Agreement, and has complied with all (i) statutory, regulatory and other requirements relative to such business business; and (ii) such agreements;agreements which if not

Due Organization and Power. Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a partyLoan Documents, and has complied with all statutory, regulatory and other requirements relative applicable to such business and such agreements;

Due Organization and Power. Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a party, and has complied is in compliance with all statutory, regulatory and other requirements relative to such business and such SK 01029 0083 6034590 v l3 agreements;

Due Organization and Power. Each each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Loan Agreement, the Note and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a party, and has complied is in compliance with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, and each Security Party has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents Documents, to which it is a party, and has or will have complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Transaction Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each Security Party is duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of incorporation formation or formationincorporation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Transaction Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

Due Organization and Power. Each each Security Party is duly established or formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation to the extent such concept is recognized under the laws of its jurisdiction of formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note Agreement and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreementsLoan Documents;

Due Organization and Power. Each each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;