Common use of Corporate Existence and Qualification Clause in Contracts

Corporate Existence and Qualification. The Company is a corporation duly incorporated, validly existing, and in good standing under the laws of the State of Delaware; it is duly qualified and in good standing in each foreign jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or licensing necessary. The Company has the corporate power and authority to own and use its properties and to transact the business in which it is engaged.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Applied Digital Solutions Inc), Stock Purchase Agreement (Applied Digital Solutions Inc), Stock Purchase Agreement (Applied Digital Solutions Inc)

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Corporate Existence and Qualification. The Company is a corporation duly incorporated, validly existing, and in good standing under the laws of the State of Delaware; it is duly qualified and in good standing in each foreign jurisdiction in which the conduct of where its business or its ownership or leasing of property makes failure to so qualify would materially adversely effect such qualification or licensing necessaryentity. The Company has the corporate power and authority to own and use its properties and to transact the business in which it is engaged.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Atec Group Inc), Stock Purchase Agreement (Syscomm International Corp), Stock Purchase Agreement (Applied Digital Solutions Inc)

Corporate Existence and Qualification. The Company is a corporation duly incorporatedorganized, validly existing, existing and in good standing under the laws of the State of Delaware; it is duly qualified Delaware and in good standing in each foreign jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or licensing necessary. The Company has the corporate power powers and authority all material governmental licenses, authorities, permits, consents and approvals required to own own, manage, lease and use hold its properties Properties and to transact the carry on its business in which it as and where such Properties are presently located and such business is engagedpresently conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vocus, Inc.)

Corporate Existence and Qualification. The Company (i) is a corporation duly incorporatedorganized, validly existing, existing and in good standing under the laws of the State of Delaware; it , and (ii) is duly qualified and in good standing in each foreign jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or licensing necessary. The Company has the corporate power and authority to own and use its properties and to transact the business every state in which it is engageddoing business or in which the failure to be so qualified would or could have a material adverse effect on its business or properties. The Company's subsidiaries are corporations duly organized, validly existing and in good standing under the laws of the relevant jurisdiction of incorporation.

Appears in 1 contract

Samples: Agreement (Terrace Holdings Inc)

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Corporate Existence and Qualification. The Company is a corporation duly incorporated, validly existing, and in good standing under the laws of the State of Delaware; it is duly qualified and in good standing in each foreign jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or licensing necessary. Schedule 2.7 sets forth a list of each jurisdiction in which the Company is so qualified. The Company has the corporate power and authority to own and use its properties and to transact the business in which it is engaged.

Appears in 1 contract

Samples: Stock Purchase Agreement (Syscomm International Corp)

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