Common use of Corporate Status and Good Standing Clause in Contracts

Corporate Status and Good Standing. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with full corporate power and authority under its respective certificate or articles of incorporation and by-laws to conduct its business as the same exists on the date hereof and on the Closing Date.

Appears in 4 contracts

Samples: Agreement of Merger and Plan of Reorganization (Clearworks Net Inc), Agreement of Merger and Plan of Reorganization (Clearworks Net Inc), Agreement of Merger and Plan of Reorganization (Clearworks Net Inc)

AutoNDA by SimpleDocs

Corporate Status and Good Standing. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with full corporate power and authority under its respective certificate or articles of incorporation and by-laws to own and lease its properties and to conduct its business as the same exists on at the date hereof and on the Closing Datehereof.

Appears in 2 contracts

Samples: Agreement (Market Central Inc), Asset Purchase Agreement (Market Central Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.