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 Delaware and has the requisite limited liability company power to own, lease and otherwise hold and operate its properties and other assets and to carry on its business as it is now being conducted. Purchaser is duly qualified to do business, and is in good standing, in each jurisdiction in which the assets owned or leased by it makes such qualification necessary.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp), Purchase and Sale Agreement (PostRock Energy Corp)

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Existence and Qualification. Purchaser is a limited liability company duly formedorganized, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power to own, lease and otherwise hold and operate its properties and other assets and to carry on its business as it is now being conducted. Purchaser is duly qualified to do business, and is in good standing, in each jurisdiction in which the assets owned or leased by it makes such qualification necessaryDelaware.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Creek Road Miners, Inc.), Purchase and Sale Agreement (Creek Road Miners, Inc.)

Existence and Qualification. Purchaser Buyer is a limited liability company duly formedorganized, validly existing existing, and in good standing under the laws of the State state of Delaware and Delaware; has the requisite limited liability company power to own, lease manage, lease, and otherwise hold and operate its properties and other assets and to carry on its business as it and where such properties are presently located and such business is now being presently conducted. Purchaser ; and is duly qualified to do business, business and is in good standing, standing as a foreign entity in each jurisdiction in which of the assets owned jurisdictions where the character of its properties or leased by the nature of its business requires it makes such qualification necessaryto be so qualified.

Appears in 1 contract

Samples: Asset Purchase Agreement (Smith & Wesson Holding Corp)

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Existence and Qualification. The Purchaser is a limited liability company duly formedorganized, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power to own, lease and otherwise hold and operate its properties and other assets and to carry on its business as it is now being conductedDelaware. The Purchaser is duly qualified to do business, business and is in good standing, standing as a foreign limited liability company in each jurisdiction where it is required to so qualify or be in which the assets owned or leased by it makes such qualification necessarygood standing as a foreign limited liability company.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Numatics Inc)

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