Common use of CORPORATION IN GOOD STANDING Clause in Contracts

CORPORATION IN GOOD STANDING. Corporation is in good standing. All taxes currently due, including income and franchise taxes, have been paid. There are no pending actions or proceedings to limit or impair Corporation's power to engage in business or to dissolve Corporation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Manakoa Services Corp)

CORPORATION IN GOOD STANDING. Corporation is in good standing. All taxes currently due, including income and franchise taxes, taxes have been paid. There are no pending actions or proceedings to limit or impair Corporation's power to engage in business or to dissolve Corporation.

Appears in 1 contract

Sources: Stock Purchase Agreement (Majestic Companies LTD)