Common use of Organization of the Company Clause in Contracts

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 8 contracts

Samples: Equity Purchase Agreement (NGFC Equities, Inc.), Equity Purchase Agreement (Music of Your Life Inc), Equity Purchase Agreement (Music of Your Life Inc)

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Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse EffectFlorida.

Appears in 5 contracts

Samples: Subscription Agreement (Buckeye Oil & Gas, Inc.), Subscription Agreement (Buckeye Oil & Gas, Inc.), Subscription Agreement (Buckeye Oil & Gas, Inc.)

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida Florida, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign domestic corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Equity Credit Agreement (Imaging Diagnostic Systems Inc /Fl/), Private Equity Credit Agreement (Imaging Diagnostic Systems Inc /Fl/), Sixth Private Equity Credit Agreement (Imaging Diagnostic Systems Inc /Fl/)

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conducted. Except as set forth in the SEC Documents, the Company does not have any subsidiaries. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure to so to qualify would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Private Equity Line of Credit Agreement (Borough Corp), Credit Agreement (Hand Brand Distribution Inc)

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida Florida, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Elderwatch Inc, Energtek

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida Florida, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Private Equity Credit Agreement (Markland Technologies Inc), Private Equity Credit Agreement (Markland Technologies Inc)

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.. Section 4.2

Appears in 1 contract

Samples: Equity Purchase Agreement

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Equity Purchase Agreement (Cirque Energy, Inc.)

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Organization of the Company. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse EffectFlorida.

Appears in 1 contract

Samples: Stock Subscription Agreement (Medical Technology Systems Inc /De/)

Organization of the Company. The Company is a corporation duly organized incorporated and validly existing and in good standing under the laws of the State of Florida and has all requisite power and corporate authority to own, lease and operate own its properties and to carry on its business as now being conductedconducted except as described in the Company Documents. The Company is duly qualified to do business as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Registration Rights Agreement (View Systems Inc)

Organization of the Company. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than t. an those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Equity Purchase Agreement (Oxford City Football Club, Inc.)

Organization of the Company. The Company is a corporation duly organized and organized, validly existing existing, and in good standing under the laws of the State of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conductedFlorida. The Company is duly qualified as a foreign corporation also authorized to do business transact business, and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by all other jurisdictions where it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effectconducts business.

Appears in 1 contract

Samples: Intellectual Property Purchase Agreement (Enternet Inc)

Organization of the Company. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State state of Florida and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Private Equity Line Agreement (Cyber Care Inc)

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