Common use of Existence; Compliance with Laws Clause in Contracts

Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Armada Water Assets Inc, Armada Water Assets Inc, Armada Water Assets Inc

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Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the state State of its jurisdiction of organization Delaware and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Note (Eurosite Power Inc.), Tecogen Inc., Tecogen Inc.

Existence; Compliance with Laws. The Borrower is (ai) a corporation duly incorporated, validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (bii) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Pioneer Power Solutions, Inc.), PLC Systems Inc

Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not reasonably be expected to have a Material Adverse Effectconducted.

Appears in 2 contracts

Samples: Bellicum Pharmaceuticals, Inc, Bellicum Pharmaceuticals, Inc

Existence; Compliance with Laws. The Each Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the state of its related jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease lease, and operate its related properties and assets and to conduct its related business as it is now being conducted conducted, and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not reasonably be expected to have a Material Adverse EffectOrders.

Appears in 2 contracts

Samples: Pioneer Financial Services Inc, Pioneer Financial Services Inc

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Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporated, validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Advanced Cannabis Solutions, Inc.

Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporatedformed, and validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) in compliance with all Laws and Orders except to the extent that the failure to comply therewith would not reasonably be expected to have a Material Adverse Effectconducted.

Appears in 1 contract

Samples: Settlement Agreement (Cannabis Global, Inc.)

Existence; Compliance with Laws. The Borrower is (a) a corporation duly incorporatedformed, validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted and (b) conducted. Borrower is in compliance with all Laws and Orders except to the extent that the failure to comply therewith would could not reasonably be expected to have a Material Adverse Effectmaterial adverse effect on Borrower’s financial condition or the ability of Borrower to perform its obligations under each of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Blackboxstocks Inc.)

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