Common use of Due Incorporation Clause in Contracts

Due Incorporation. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 71 contracts

Samples: Subscription Agreement (American Technologies Group Inc), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Mooney Aerospace Group LTD)

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Due Incorporation. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or financial condition (financial or otherwise) of the Company.

Appears in 61 contracts

Samples: Securities Purchase Agreement (Tauriga Sciences, Inc.), Subscription Agreement (Kaire Holdings Inc), Subscription Agreement (Family Room Entertainment Corp)

Due Incorporation. The Company and each of its subsidiaries is a ----------------- corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 5 contracts

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Due Incorporation. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions state of their its incorporation and have has the requisite corporate power to own their its properties and to carry on their its business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 4 contracts

Samples: Subscription Agreement (Bikers Dream Inc), Subscription Agreement (Bcam International Inc), First Put Subscription Agreement (Bikers Dream Inc)

Due Incorporation. The Company and each of its wholly-owned subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions state of their its incorporation and have has the requisite corporate power to own their its properties and to carry on their its business as now being conducted. The Company and each of its wholly-owned subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 4 contracts

Samples: Form of Subscription Agreement (Recovery Network Inc), Subscription Agreement (Frederick Brewing Co), Subscription Agreement (Frederick Brewing Co)

Due Incorporation. The Company and each of its subsidiaries ----------------- is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 4 contracts

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Due Incorporation. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions jurisdictionss of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 3 contracts

Samples: Subscription Agreement (China Peregrine Food Corp), Subscription Agreement (Kaleidoscope Media Group Inc), Subscription Agreement (Antra Holdings Group Inc)

Due Incorporation. The Company and each of its ------------------ subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or financial condition (financial or otherwise) of the Company.

Appears in 2 contracts

Samples: Subscription Agreement (Amnis Systems Inc), Subscription Agreement (Family Room Entertainment Corp)

Due Incorporation. The Each of the Company and each of its ----------------- subsidiaries is a corporation duly organized, and validly existing and in good standing under the laws of the respective jurisdictions state of their its incorporation and have has the requisite corporate power to own their its properties and to carry on their its business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Due Incorporation. The Company and each of its subsidiaries is a ------------------ corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or financial condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Imaging Technologies Corp/Ca)

Due Incorporation. The Company and each of its subsidiaries ------------------ is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Endovasc LTD Inc)

Due Incorporation. The Company and each of its subsidiaries is ----------------- a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (E Videotv Inc/De)

Due Incorporation. The Company [and each of its subsidiaries subsidiaries] is a corporation an entity duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation organization, and have the requisite corporate power to own their properties and to carry on their business as now being conducted. [The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or financial condition (financial or otherwise) of the Company.]

Appears in 1 contract

Samples: Subscription Agreement (Telecom Communications Inc)

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Due Incorporation. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or financial condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Eternal Technologies Group Inc)

Due Incorporation. The Company and each of its subsidiaries Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries Subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (South Texas Oil Co)

Due Incorporation. The Company and each of its subsidiaries is a ------------------ corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Go Online Networks Corp)

Due Incorporation. The Each of the Company and each of its subsidiaries is a corporation duly organized, and validly existing and in good standing under the laws of the respective jurisdictions state of their its incorporation and have has the requisite corporate power to own their its properties and to carry on their its business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Endovasc LTD Inc)

Due Incorporation. The Company and each of its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions jurisdictionss of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company. For the purposes of this Section 2, the term "subsidiaries" shall not include the entities listed in the Disclosure Schedule which are either inactive or administratively dissolved.

Appears in 1 contract

Samples: Subscription Agreement (Wealthhound Com Inc)

Due Incorporation. The Company and each of ----------------- its subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or financial condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Goldspring)

Due Incorporation. The Company and each of its ------------------ subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation and have the requisite corporate power to own their properties and to carry on their business as now being conducted. The Company and each of its subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or prospects or condition (financial or otherwise) of the Company.

Appears in 1 contract

Samples: Subscription Agreement (Global Telemedia International Inc)

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