Common use of Legal Existence and Power Clause in Contracts

Legal Existence and Power. The Company is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Legal Existence and Power. The Company is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conductedconducted except where the failure to have such power or possess such licenses, authorizations, consents and approvals would not have a Material Adverse Effect.