Common use of Corporate Existence and Authority Clause in Contracts

Corporate Existence and Authority. (a) The Corporation (i) is a corporation duly organized, validly existing, and in good standing under the laws of Colorado; (ii) has all requisite corporate power and authority to own its assets and carry on its business as now conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect. The Corporation has the corporate power and authority to execute, deliver, and perform its obligations under this Agreement and all Other Agreements to which it is, or in connection with the transactions contemplated hereby, may become, a party.

Appears in 6 contracts

Samples: Series C Preferred Stock and Warrant Purchase Agreement (Valuestar Corp), Series Cc Preferred Stock and Warrant Purchase Agreement (Valuestar Corp), Bridge Loan and Common Stock Purchase Agreement (Valuestar Corp)

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Corporate Existence and Authority. (aA) The Corporation (i) is a corporation duly organized, validly existing, and in good standing under the laws of Colorado; (ii) has all requisite corporate power and authority to own its assets and carry on its business as now conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect. The Corporation has the corporate power and authority to execute, deliver, and perform its obligations under this Agreement and all Other Agreements to which it is, or in connection with the transactions contemplated hereby, may become, a party.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hull James Mitchell), Securities Purchase Agreement (Hull James Mitchell)

Corporate Existence and Authority. (a) The Corporation Company (i) is a corporation duly organized, validly existing, and in good standing under the laws of Colorado; (ii) has all requisite corporate power and authority to own its assets and carry on its business as now conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect. The Corporation Company has the corporate power and authority to execute, deliver, and perform its obligations under this Agreement and all Other Agreements to which it is, or in connection with the transactions contemplated hereby, may become, a party. The Company's Articles of Incorporation are as filed with the Colorado Secretary of State.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Ameralia Inc)

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Corporate Existence and Authority. (a) The Corporation Company (i) is a corporation duly organized, validly existing, and in good standing under the laws of ColoradoCalifornia; (ii) has all requisite corporate power and authority to own its assets and carry on its business as now conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect. The Corporation Company has the corporate power and authority to execute, deliver, and perform its obligations under this Agreement and all Other Agreements to which it is, or in connection with the transactions contemplated hereby, may become, a party.

Appears in 1 contract

Samples: Note Purchase Agreement (Valuestar Corp)

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