Common use of Organization, Authority and Qualification Clause in Contracts

Organization, Authority and Qualification. (a) Each of St. Xxxx and the St. Xxxx Pre-Closing Subsidiaries is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and in good standing in all jurisdictions in which the failure to qualify or be in good standing could materially adversely affect the consummation or the validity of the transactions provided for in this Agreement or any of the Ancillary Agreements.

Organization, Authority and Qualification. (a) Each of St. Xxxx and each of the St. Xxxx Pre-Closing Subsidiaries is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and in good standing in all jurisdictions in which the failure to qualify or be in good standing could materially adversely affect the consummation or the validity of the transactions provided for in this Agreement or any of the Ancillary Agreements.