Due Incorporation and Corporate Power Clause Samples
The Due Incorporation and Corporate Power clause affirms that a company is legally formed and possesses the authority to conduct business as specified in the agreement. This clause typically requires the company to confirm its valid existence under applicable laws and that it has obtained all necessary approvals to enter into and perform its contractual obligations. By including this provision, parties ensure that the company is properly established and empowered, thereby reducing the risk of unenforceable agreements due to lack of legal capacity.
Due Incorporation and Corporate Power. The Purchaser is a corporation incorporated and existing under the laws of British Columbia and has the corporate power and authority to enter into and perform its obligations under this Agreement and each of the Ancillary Agreements to which it is a party.
Due Incorporation and Corporate Power. Holdco is a corporation duly incorporated and validly existing under the laws of Ontario and has all necessary corporate power, authority and capacity to enter into and perform its obligations under this Agreement and each of the Ancillary Agreements to which it is a party;
Due Incorporation and Corporate Power. Purchaser Parent is a corporation incorporated and existing under the laws of the jurisdiction of its formation and has the corporate power to own and operate its property, carry on its business and enter into and perform its obligations under this Agreement and each of the Ancillary Agreements to which it is a party.
Due Incorporation and Corporate Power. Komo is a corporation incorporated and existing under the laws of British Columbia and has the corporate power and authority to enter into and perform its obligations under this Agreement and each of the Ancillary Agreements to which it is a party.
Due Incorporation and Corporate Power. Each of SupportSoft and Sub is a corporation duly incorporated, validly existing and in good standing under the laws of Delaware and New Brunswick, respectively, and each has all requisite corporate power and authority to enter into and perform its obligations under this Agreement and each Related Agreement to which it is a party.