Common use of Organization, Corporate Powers, Etc Clause in Contracts

Organization, Corporate Powers, Etc. The Company (i) is a ------------ ------------------------------------ corporation duly organized, validly existing and in good standing under the laws of the State of Florida, (ii) has all requisite power and authority, corporate and otherwise to own its properties and assets and to carry on its business as now conducted and proposed to be conducted, (iii) is duly qualified to do business and is in good standing in every jurisdiction in which the character of its properties or assets owned or the nature of their activities conducted makes such qualification necessary including the State of Florida, and (iv) has the corporate power and authority to execute and deliver, and to perform its obligations under this Agreement, the Note, and the other Loan Documents.

Organization, Corporate Powers, Etc. The Company (i) is a ------------ ------------------------------------ corporation duly organized, validly existing and in good standing under the laws of the State of Florida, (ii) has all requisite power and authority, corporate and otherwise to own its properties and assets and to carry on its business as now conducted and proposed to be conducted, (iii) is duly qualified to do business and is in good standing in every jurisdiction in which the character of its properties or assets owned or the nature of their activities conducted makes such qualification necessary including the State of Florida, and (iv) has the corporate power and authority to execute and deliver, and to perform its obligations under this Agreement, the Note, and the other Loan Documents.

Organization, Corporate Powers, Etc. (a) The Company Borrower (i) is a ------------ ------------------------------------ corporation duly organized, validly existing and in good standing under the laws of the State of Florida, Florida (ii) has all requisite power and authority, corporate and otherwise otherwise, to own its properties and assets and to carry on its business as now conducted and proposed to be conducted, (iii) is duly qualified to do business and is in good standing in every jurisdiction in which the character of its properties or assets owned or the nature of their its activities conducted makes such qualification necessary including the State of Florida, and (iv) has the corporate power and authority to execute and deliver, and to perform its obligations under this Agreement, the Note, and the other Loan Documents.

Organization, Corporate Powers, Etc. The Company Borrower (ia) is a ------------ ------------------------------------ corporation duly organized, validly existing and in good standing under the laws of the State of Florida, (iib) has all requisite power and authority, corporate and otherwise otherwise, to own its properties and assets and to carry on its business as now conducted and proposed to be conducted, (iiic) is duly qualified to do business and is in good standing in every jurisdiction in which the character of its properties or assets owned or the nature of their its activities conducted makes such qualification necessary including the State of Florida, and (ivd) has the corporate power and authority to execute and deliver, and to perform its obligations under this Agreement, the Note, Note and the other Loan Documents.

Organization, Corporate Powers, Etc. The Company Each Borrower (i) is a ------------ ------------------------------------ corporation duly organized, validly existing and in good standing under the laws of the State of Florida, (ii) has all requisite power and authority, corporate and otherwise otherwise, to own its respective properties and assets and to carry on its respective business as now conducted and proposed to be conducted, (iii) is duly qualified to do business and is in good standing in every jurisdiction in which the character of its properties or assets owned or the nature of their its activities conducted makes such qualification necessary including the State of Florida, and (iv) has the corporate power and authority to execute and deliver, and to perform its obligations under this Agreement, the Note, the Security Documents and the other Loan Documents.

Organization, Corporate Powers, Etc. The Company Borrower (i) is a ------------ ------------------------------------ corporation duly ----------------------------------- organized, validly existing and in good standing under the laws of the State state of Floridaits organization, (ii) has all requisite power and authority, corporate and otherwise authority to own its respective properties and assets and to carry on its respective business as now conducted and proposed to be conducted, (iii) is duly qualified to do business and is in good standing in every jurisdiction in which the character of its properties or assets owned or the nature of their its activities conducted makes such qualification necessary including the State of Florida, and (iv) has the corporate power and authority to execute and deliver, and to perform its obligations under this Agreement, the Note, Note and the other Loan Documents.