Common use of Due Formation Clause in Contracts

Due Formation. The Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 106 contracts

Sources: Securities Purchase Agreement (Canaan Inc.), Convertible Note Purchase Agreement (Lotus Technology Inc.), Convertible Note Purchase Agreement (Lotus Technology Inc.)

Due Formation. The Purchaser is duly formedorganized, validly existing and in good standing (or the foreign equivalent to the extent the concept is applicable in such jurisdiction) in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 12 contracts

Sources: Letter Agreement (WeRide Inc.), Convertible Note Purchase Agreement (New Ruipeng Pet Group Inc.), Subscription Agreement (WeRide Inc.)

Due Formation. The Such Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Such Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 11 contracts

Sources: Subscription Agreement (Metalpha Technology Holding LTD), Subscription Agreement (Metalpha Technology Holding LTD), Share Subscription and Warrant Purchase Agreement (The9 LTD)

Due Formation. The relevant Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The relevant Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 4 contracts

Sources: Subscription Agreement, Subscription Agreement (Bitauto Holdings LTD), Subscription Agreement (Tencent Holdings LTD)

Due Formation. The Such Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser organization and has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 4 contracts

Sources: Share Subscription Agreement, Series a Preference Shares Subscription Agreement (JD.com, Inc.), Share Subscription Agreement (Bitauto Holdings LTD)

Due Formation. The Purchaser is duly formedincorporated, validly existing and in good standing in under the Laws of the jurisdiction of its organizationincorporation. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 2 contracts

Sources: Share Purchase Agreement (Qudian Inc.), Share Purchase Agreement (Secoo Holding LTD)

Due Formation. The Purchaser is duly formed, validly existing existing, and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 2 contracts

Sources: Share and Warrant Purchase Agreement (LakeShore Biopharma Co., Ltd.), Share and Warrant Purchase Agreement (Crystal Peak Investment Inc.)

Due Formation. The relevant Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 2 contracts

Sources: Subscription Agreement (Bitauto Holdings LTD), Subscription Agreement (JD.com, Inc.)

Due Formation. The Purchaser Such Purchaser, if not an individual, is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Such Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Dragon Victory International LTD), Securities Subscription and Warrant Purchase Agreement (Dragon Victory International LTD)

Due Formation. The Such Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Such Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.. ​

Appears in 1 contract

Sources: Purchase Agreement (Futu Holdings LTD)

Due Formation. The Purchaser Purchaser, if not an individual, is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 1 contract

Sources: Securities Subscription and Warrant Purchase Agreement (Metalpha Technology Holding LTD)

Due Formation. The Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 1 contract

Sources: Subscription Agreement (MOGU Inc.)

Due Formation. The Such Purchaser is duly formed, validly existing and in good standing (or the foreign equivalent to the extent the concept is applicable in such jurisdiction) in the jurisdiction of its organization. The Such Purchaser has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 1 contract

Sources: Subscription Agreement (Yuanbao Inc.)

Due Formation. The Purchaser is duly formed, validly existing and in good standing in the jurisdiction of its organization. The Purchaser organization and has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 1 contract

Sources: Series C Preference Shares Subscription Agreement (Bitauto Holdings LTD)