Formation/Status Sample Clauses
Formation/Status. Such party is a limited liability company (in the case of Sublandlord) or a limited partnership (in the case of Subtenant) duly formed and validly existing under the laws of the State of Delaware.
Formation/Status. Landlord is a limited liability company duly formed and validly existing under the laws of the State of Colorado. Landlord has all requisite power and authority to own and lease the Property.