Common use of Corporate Clause in Contracts

Corporate. Each Sentech Company is a corporation duly organized, validly existing and in good standing under the Laws under which it was incorporated. Each Sentech Company is qualified to do business as a foreign corporation in any jurisdiction where it is required to be so qualified, except where the failure to so qualify would not have a Material Adverse Effect. The Charter Documents and bylaws of each Sentech Company (all of which have been delivered or made available to Sensec and Ensec) have been duly adopted and are current, correct and complete. Each Sentech Company has all necessary corporate power and authority to own, lease and operate its part of the Sentech Assets and to carry on its part of the Sentech Business as it is now being conducted.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Sentech Eas Corp /Fl), Agreement and Plan of Merger (Ensec International Inc), Agreement and Plan of Merger (Global Security Technologies Inc)

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