Common use of Existence and Qualification Clause in Contracts

Existence and Qualification. Purchaser is a limited liability company duly formed validly existing and in good standing under the Laws of the state of its formation (as set forth in the introductory paragraph) and is (or at Closing will be) duly qualified and in good standing to carry on its business in states where the Assets are located and those other states where it is required to be so qualified.

Existence and Qualification. Purchaser is a limited liability company duly formed formed, validly existing and in good standing under the Laws of the state of its formation (as set forth in the introductory paragraph) and is (or at Closing will be) duly qualified and in good standing to carry on its business in states where the Assets are located and those other states where it is required to be so qualified.

Existence and Qualification. Purchaser is a limited liability company duly formed organized, validly existing and in good standing under the Laws of the state of its formation organization (as set forth in the introductory paragraph) and and, is (or at Closing will be) duly qualified and in good standing all material respects to carry on its business in states where the Assets are located and those other states where it is required to be so qualifieddo so.

Existence and Qualification. Purchaser is a limited liability company duly formed organized, validly existing and in good standing under the Laws of the state of its formation formed (as set forth in the introductory paragraph) and is (or at Closing will be) duly qualified and in good standing to carry on its business in states where the Assets are located and those other states where it is required to be so qualified.

Existence and Qualification. Purchaser is a limited liability company duly formed organized, validly existing and in good standing under the Laws laws of the state of its formation (as set forth in the introductory paragraph) formation; and Purchaser is (or at Closing will be) duly qualified and to do business as a foreign entity in good standing to carry on its business every jurisdiction in states where the Assets are located and those other states where which it is required to qualify in order to conduct its business except where the failure to so qualify would not have a material adverse effect on Purchaser or its properties; and Purchaser is duly qualified to do business as a foreign corporation in the respective jurisdictions where the Assets to be so qualifiedtransferred to it are located.

Existence and Qualification. Purchaser is a limited liability company duly formed organized, validly existing and in good standing under the Laws of the state laws of its formation jurisdiction of formation. Purchaser is duly licensed or qualified to do business as a foreign limited liability company in all jurisdictions in which (as set forth in a) the introductory paragraph) and is (or at Closing will be) duly qualified and in good standing to carry on its business in states where the Purchased Assets are located and those other states where (b) it carries on business or owns assets and such qualification is required by Law except in the case of this clause (b) where the failure to be so qualifiedqualified would not be material.