Common use of Due Incorporation and Qualification Clause in Contracts

Due Incorporation and Qualification. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware with corporate power and authority to own, lease and operate its properties and conduct its business as described in the Prospectus; and the Company is duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction in which its ownership or lease of substantial properties or the conduct of its business requires such qualification and in which the failure to so qualify and be in good standing would materially adversely affect the business or financial condition of the Company and its subsidiaries considered as one enterprise.

Appears in 10 contracts

Samples: Underwriting Agreement (Comdisco Inc), Underwriting Agreement (Comdisco Inc), Terms Agreement (Comdisco Inc)

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Due Incorporation and Qualification. The Company has been duly ----------------------------------- incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware with corporate power and authority to own, lease and operate its properties and conduct its business as described in the Prospectus; and the Company is duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction in which its ownership or lease of substantial properties or the conduct of its business requires such qualification and in which the failure to so qualify and be in good standing would materially adversely affect the business or financial condition of the Company and its subsidiaries considered as one enterprise.

Appears in 5 contracts

Samples: Comdisco (Comdisco Inc), Terms Agreement (Comdisco Inc), Distribution Agreement (Comdisco Inc)

Due Incorporation and Qualification. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware with Delaware, has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus; and the Company is duly qualified as a foreign corporation to transact do business and is in good standing in each jurisdiction in which its ownership or lease of substantial properties or the conduct of its business requires such qualification and in which is required, except where the failure to so qualify and be in good standing would materially adversely affect not have a material adverse effect on the condition, financial or otherwise, or the earnings, business affairs or financial condition business prospects of the Company and its subsidiaries considered as one enterprise.

Appears in 4 contracts

Samples: Underwriting Agreement (Federal Express Corp), Underwriting Agreement (Federal Express Corp), Underwriting Agreement (Federal Express Corp)

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Due Incorporation and Qualification. The Company has been ----------------------------------- duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware with corporate power and authority to own, lease and operate its properties and conduct its business as described in the Prospectus; and the Company is duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction in which its ownership or lease of substantial properties or the conduct of its business requires such qualification and in which the failure to so qualify and be in good standing would materially adversely affect the business or financial condition of the Company and its subsidiaries considered as one enterprise.

Appears in 1 contract

Samples: Terms Agreement (Comdisco Inc)

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