165 Duly Organized / Good Standing Clause Examples for Any Agreement
The 'Duly Organized / Good Standing' clause serves to confirm that a party to the agreement is a legally established entity and is currently authorized to conduct business in its jurisdiction. This typically involves a representation that the company has been properly formed under the relevant laws and maintains its legal status by fulfilling necessary requirements, such as filing annual reports or paying fees. The core function of this clause is to assure the other party that the entity is legitimate and capable of entering into binding agreements, thereby reducing the risk of unenforceable contracts due to issues with legal status.
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Duly Organized / Good Standing. It is duly organized, validly existing, and in good standing as a limited liability company under the laws of the State of Delaware, and is qualified to do business in each jurisdiction in which failure to be so qualified would reasonably be expected to have a material adverse effect upon it.
Duly Organized / Good Standing. It is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its organization, and is qualified to do business in each jurisdiction in which failure to be so qualified would reasonably be expected to have a material adverse effect upon it.
Duly Organized / Good Standing. The Adviser is duly-organized, validly-existing, and in good standing as a limited liability company under the laws of the State of Delaware, and is qualified to do business in each jurisdiction in which failure to be so qualified would reasonably be expected to have a material adverse effect upon it.
Duly Organized / Good Standing. The Company has been duly organized and is validly existing as a corporation and is in good standing under the laws of its formation as of the date hereof, and is duly qualified to do business and is in good standing in each other jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification, except where the failure to qualify, singularly or in the aggregate, would not have or reasonably be expected to result in a Material Adverse Change.
Duly Organized / Good Standing. It is duly organized, validly existing and in good standing as a limited partnership under the laws of the State of Wisconsin, and is qualified to do business in each jurisdiction in which failure to be so qualified would reasonably be expected to have a material adverse effect upon it.
Duly Organized / Good Standing. It is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its organization, and has such licenses, registrations or approvals as is required to perform the services contemplated by this Agreement, and that it shall maintain such licenses, registrations or approvals for the duration of this Agreement and manage its operations in compliance with all applicable laws.
Duly Organized / Good Standing. It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has the power and authority and the legal right to own and operate its property, to lease the property it operates and to conduct the business in which it is currently engaged.