Common use of Due Organization; Good Standing; Power Clause in Contracts

Due Organization; Good Standing; Power. Purchaser is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of Delaware. Purchaser has full right, power and authority to enter into this Agreement and to perform its obligations hereunder. Purchaser is not in breach or violation of, and the execution, delivery and performance of this Agreement will not result in a breach or violation of, any of the provisions of Seller's articles of organization or operating agreement (the "Governing Documents").

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (Ameriking Inc), Real Estate Purchase Agreement (Ameriking Inc)

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Due Organization; Good Standing; Power. Purchaser is a limited liability company corporation duly organizedincorporated, validly existing, and in good standing under the laws of the State of Delaware. The Purchaser has full right, power and authority to enter into this Agreement and to perform its obligations hereunder. Purchaser is not in breach or violation of, hereunder and the execution, delivery and performance of this Agreement will not result in a breach or violation of, any of the provisions of Seller's articles of organization or operating agreement (the "Governing Documents")thereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Platina Energy Group Inc.), Asset Purchase Agreement (Platina Energy Group Inc.)

Due Organization; Good Standing; Power. Purchaser is a limited liability company corporation duly organizedincorporated, validly existing, and in good standing under the laws of the State of Delaware. Purchaser has full right, power and authority to enter into this Agreement and the Noncompetition Agreement and to perform its obligations hereunderhereunder and thereunder. Purchaser is not in breach or violation of, and the execution, delivery and performance of this Agreement will not result in a breach or violation of, any of the provisions of Seller's articles certificate of organization or operating agreement incorporation (the "Governing DocumentsCertificate")) or By-laws.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ameriking Inc), Asset Purchase Agreement (Ameriking Inc)

Due Organization; Good Standing; Power. Purchaser is a limited liability company corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware. Purchaser has full right, all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder. Purchaser is not in breach or violation of, and the execution, delivery and performance of this Agreement will not result in a breach or violation of, any of the provisions of Seller's articles of organization or operating agreement (the "Governing Documents").

Appears in 1 contract

Samples: Stock Acquisition Agreement (Usa Biomass Corp)

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Due Organization; Good Standing; Power. Purchaser is a limited liability company corporation duly organizedincorporated, validly existing, and in good standing under the laws of the State of Delaware. Purchaser has full right, power and authority to enter into this Agreement and the Noncompetition Agreement and to perform its obligations hereunderhereunder and thereunder. Purchaser is not in breach or violation of, of and the execution, delivery and performance of this Agreement will not result in a breach or violation of, of any of the provisions of SellerPurchaser's articles Certificate of organization Incorporation or operating agreement (the "Governing Documents")Bylaws.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ameriking Inc)

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