Good Standing definition
Examples of Good Standing in a sentence
Section 4.2. Organization and Good Standing; Title to Other Property 5861 Section 4.3. Perfection of Security Interest 5862 Section 4.4. No Violations 5962 Section 4.5. Power and Authority 5962 Section 4.6. Validity of Agreements 5962 Section 4.7. Litigation 5962 Section 4.8. Compliance 5963 Section 4.9. Accuracy of Information; Full Disclosure 6063 Section 4.10.
The Company is an entity duly incorporated or otherwise organized, validly existing and in Good Standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted.
SECTION 4.01 Organization, Powers, Capitalization, Good Standing, Business.