Common use of Organization and Standing; Articles and Bylaws Clause in Contracts

Organization and Standing; Articles and Bylaws. The Company is a --------------------------------------------------- corporation duly organized and existing under, and by virtue of, the laws of the State of California and is in good standing under such laws. The Company has requisite corporate power and authority to own and operate its properties and assets, and to carry on its business as presently conducted and as proposed to be conducted. The Company is not presently qualified to do business as a foreign corporation in any jurisdiction, and the failure to be so qualified will not have a material adverse effect on the Company's business as now conducted. The Company has furnished each Purchaser with copies of the Restated Articles and of its Bylaws, which are true, correct and complete and contain all amendments through the Closing Date.

Organization and Standing; Articles and Bylaws. The Company is a --------------------------------------------------- ---------------------------------------------- corporation duly organized and existing under, and by virtue of, the laws of the State of California and is in good standing under such laws. The Company has requisite corporate power and authority to own and operate its properties and assets, and to carry on its business as presently conducted and as proposed to be conducted. The Company is not presently qualified to do business as a foreign corporation in any jurisdiction, and in which the failure to be so qualified will not would have a material adverse effect affect on the Company's business as now conductedoperations or conditions, financial or otherwise. The Company has furnished each Purchaser the Purchasers with copies of the Restated Articles and of its Bylaws, which are true, correct and complete copies of its Articles and contain all amendments through Bylaws (the Closing Date"BYLAWS"), as presently in effect.

Organization and Standing; Articles and Bylaws. The Company is a --------------------------------------------------- ---------------------------------------------- corporation duly organized and existing under, and by virtue of, the laws of the State of California and is in good standing under such laws. The Company has requisite corporate power and authority to own and operate its properties and assets, and to carry on its business as presently conducted and as proposed to be conducted. The Company is not presently qualified to do business as a foreign corporation in any jurisdiction, and in which the failure to be so qualified will not would have a material adverse effect on the Company's business as now conductedoperations or conditions, financial or otherwise. The Company has furnished each the Purchaser with copies of the Restated Articles and of its Bylaws, which are true, correct and complete copies of its Articles and contain all amendments through Bylaws (the Closing Date"Bylaws"), as presently in effect.