Common use of Organization and Corporate Authority Clause in Contracts

Organization and Corporate Authority. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to issue and sell the Shares.

Organization and Corporate Authority. The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to issue enter into this Agreement and sell to consummate the Shares.transactions contemplated hereby. This Agreement and the other Transaction Documents to be executed and delivered by the Company have been (or upon execution and delivery by the Company will have been) duly executed and delivered by the Company, have been effectively