Common use of Organization; Good Standing Clause in Contracts

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

Organization; Good Standing. The Company has been duly incorporated or organized, is validly existing as a corporation duly organized, validly existing or other applicable business entity and is in good standing under the laws of the State of DelawareDelaware and has the requisite power to carry on its business as now conducted.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has full corporate power and authority to own its properties and to conduct the business in which it is now engaged.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted, and is qualified to do business as a foreign corporation in good standing in all other jurisdictions in which the conduct of its business requires such qualification.

Organization; Good Standing. The Company is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Organization; Good Standing. The Company is a corporation duly ------------------------------ organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has full corporate power and authority to own its properties and to conduct the business in which it is now engaged.

Organization; Good Standing. The Company is a corporation duly organized, organized and validly existing and in good standing under the laws of the State of Delaware.

Organization; Good Standing. The Company is a corporation an entity duly organized, validly existing and in good standing (with respect to jurisdictions that recognize such concept or equivalent) under the laws Laws of the State of Delaware.

Organization; Good Standing. The Company Corporation is a corporation duly organized, validly existing and in good standing under with the laws of the State of Delaware.

Organization; Good Standing. The Company is a corporation has been duly incorporated or organized, validly existing exists as a corporation or other applicable business entity and is in good standing under the laws of the State of DelawareDelaware and has the requisite power to carry on its business as now conducted.

Organization; Good Standing. (a) The Company is a corporation duly organized, validly existing and in good standing under Delaware Law, and has the laws requisite corporate power and authority to conduct its business as it is presently being conducted and to own, lease or operate its properties and assets. The Company is not in violation of the State its certificate of Delawareincorporation or its bylaws.

Organization; Good Standing. The Company company is a corporation duly organized, validly existing formed and in good standing under the laws of the State of DelawareDelaware and has all requisite power and authority to own and lease its properties and assets and to carry on its business as currently conducted.

Organization; Good Standing. The Company has been duly organized and is validly existing as a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has corporate power and authority to enter into and perform its obligations under this Agreement.

Organization; Good Standing. The Company is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the State of DelawareDelaware and has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as it is presently being conducted and as proposed to be conducted.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has corporate power and authority to own, lease and operate its properties and assets and to carry on its business as presently conducted.

Organization; Good Standing. The Company is a corporation duly organizedincorporated, validly existing existing, and in good standing under the laws of the State of DelawareDelaware and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Organization; Good Standing. The Company is a corporation duly ----------------------------- organized, validly existing and in good standing under the laws of the State of Delaware, with all requisite corporate power and authority to own, operate and lease its properties, to carry on its business as now being conducted, and to enter into this Agree-ment and perform its obligations hereunder.

Organization; Good Standing. The Company is a corporation duly organized, validly existing existing, and in good standing under the laws of the State of Delaware. The Company has all requisite corporate power and authority (a) to carry on its business as now conducted and as presently proposed to be conducted, (b) to execute and deliver this Agreement, and (c) to issue and sell the Shares.

Organization; Good Standing. The Company is a corporation duly ----------------------------- organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has full corporate power and authority to own its properties and to conduct the business in which it is now engaged.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has full corporate power and authority to own, lease and operate its properties and to conduct the business presently being conducted by it, and is duly qualified to transact business as a foreign corporation and is in good standing in all states in which the failure to qualify and be in good standing would have a material adverse effect upon the business conducted by the Company.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite corporate power and authority to own and operate its properties and assets, to execute and deliver this Agreement, to issue the Notes, to carry out the provisions of this Agreement, and to carry on its business as presently conducted and as presently proposed to be conducted.

Organization; Good Standing. The Company is a corporation corporation, --------------------------- duly organized, validly existing and in good standing under the laws of the State of Delaware, and is duly authorized to transact business and is in good standing in each jurisdiction where the failure to so qualify would have a material adverse effect on the performance by the Company of its obligations hereunder.

Organization; Good Standing. The Company is Travxxxxxxx.xxx xx a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

Organization; Good Standing. The Company is a corporation duly organized, validly existing existing, and in good standing under the laws of the State of Delaware, and has all requisite power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute, deliver and carry out the provisions of this Agreement and to issue the Company Stock.

Organization; Good Standing. The Company is a corporation duly --------------------------- organized, validly existing existing, and in good standing under the laws of the State of Delaware, and has all requisite power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute, deliver and carry out the provisions of this Agreement and to issue the Company Stock.

Organization; Good Standing. The Company is a corporation Delaware corporation, and is duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has all requisite corporate power and authority to own, lease and operate its assets, properties and business and to carry on its business as now being conducted. The Company does not have any Subsidiaries.

Organization; Good Standing. The Company is a corporation Delaware limited liability company, and is duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has all requisite corporate power and authority to own, lease and operate its assets, properties and business and to carry on its business as now being conducted.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of the Company.

Organization; Good Standing. The Company is a corporation corporation, duly organizedformed, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Organization; Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite corporate power and authority to execute, deliver, and perform its obligations under this Agreement.