Common use of Status and Authority Clause in Contracts

Status and Authority. Each Seller is a duly formed, validly existing entity in good standing under the laws of its state of formation, and have all requisite power and authority under the laws of such state and its charter documents to enter into and perform their obligations under its Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Each Seller is a duly formed, validly existing entity and in good standing under the laws of its state of formation, and have has all requisite power and authority under the laws of such state and its charter documents to enter into and perform their its obligations under its this Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Status and Authority. Each Seller is a duly formed, validly existing entity and in good standing under the laws of its state of formation, and have has all requisite power and authority under the laws of such state and its charter documents to enter into and perform their its obligations under its this Agreement and the OTAs and to consummate the transactions contemplated hereby and therebyhereby.

Status and Authority. Each Seller is a Sellers are corporations or limited liability companies duly formed, validly existing entity and in good standing under the laws of its state of formation, and have all requisite power and authority under the laws of such state and its their charter documents to enter into and perform their obligations under its this Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.