Common use of Organization and Qualification of Buyer Clause in Contracts

Organization and Qualification of Buyer. Buyer is a limited partnership duly organized, validly existing and in good standing under the laws of Delaware. Buyer has all requisite power and authority to own and operate its business as presently conducted. Buyer is duly qualified as a foreign limited partnership and is in good standing in each jurisdiction where the character of its properties owned or held under lease or the nature of its activities makes such qualification necessary, except for such failures to be so qualified as would not reasonably be expected to have a material adverse effect on Buyer.

Organization and Qualification of Buyer. Buyer is a limited partnership duly organized, validly existing and in good standing under the laws of Delaware. Buyer has all requisite limited partnership power and authority to own and operate its business as presently conducted. Buyer is duly qualified as a foreign limited partnership and is in good standing in each jurisdiction where the character of its properties owned or held under lease or the nature of its activities makes such qualification necessary, except for such failures to be so qualified as would not reasonably be expected to have a material adverse effect on Buyer.

Organization and Qualification of Buyer. Such Buyer is a limited liability company, limited partnership or corporation duly organized, validly existing and in good standing under the laws Laws of the State of Delaware. Each Buyer has all requisite power and authority to own and operate is not in default under or in violation of any provisions of its business as presently conductedOrganizational Documents. Each Buyer is duly licensed or qualified as a foreign limited partnership to do business and is in good standing in each jurisdiction where the character of its properties owned in which it has assets or held under lease or the nature of its conducts activities makes such qualification necessary, except for such failures that would require it to be so qualified as would not reasonably be expected to have a material adverse effect on Buyeror in good standing.