Common use of Existence; Good Standing; Corporate Authority Clause in Contracts

Existence; Good Standing; Corporate Authority. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or financial condition or prospects of the Company and its Subsidiaries taken as a whole (a "Company Material Adverse Effect"). The Company has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the Company's Significant Subsidiaries (as defined in Section 8.14) is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate or partnership power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such failure to be so qualified or to be in good standing would not individually or in the aggregate, have a Company Material Adverse Effect. 3.2

Appears in 4 contracts

Samples: Agreement and Plan of Merger Agreement and Plan of Merger (Allmerica Financial Corp), Agreement and Plan of Merger Agreement and Plan of Merger (Allmerica Financial Corp), Agreement and Plan of Merger Agreement and Plan of Merger (Allmerica Financial Corp)

AutoNDA by SimpleDocs

Existence; Good Standing; Corporate Authority. The Company CRA is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company CRA is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or operations, financial condition or prospects of the Company CRA and its Subsidiaries taken as a whole (a "Company CRA Material Adverse Effect"). The Company CRA has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the CompanyCRA's Significant Subsidiaries (as defined in Section 8.1410.14 hereof) is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate or partnership power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such failure to be so qualified or to be in good standing would not individually or in the aggregate, have a Company CRA Material Adverse Effect. 3.2The copies of CRA's Articles of Organization and Bylaws previously made available to OSI are true and correct.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Cra Managed Care Inc), Agreement and Plan of Reorganization (Occusystems Inc)

Existence; Good Standing; Corporate Authority. The Company OSI is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company OSI is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or operations, financial condition or prospects of the Company OSI and its Subsidiaries taken as a whole (a an "Company OSI Material Adverse Effect"). The Company OSI has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the CompanyOSI's Significant Subsidiaries (as defined in Section 8.1410.14 hereof) is a corporation corporation, partnership or partnership limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate corporate, partnership or partnership other similar power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such failure to be so qualified or to be in good standing would not individually or in the aggregate, have a Company an OSI Material Adverse Effect. 3.2The copies of OSI's Certificate of Incorporation and Bylaws previously made available to CRA are true and correct.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Cra Managed Care Inc), Agreement and Plan of Reorganization (Occusystems Inc)

Existence; Good Standing; Corporate Authority. The Company Purchaser is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company Purchaser is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or financial condition or prospects of the Company Purchaser and its Subsidiaries taken as a whole (a "Company Purchaser Material Adverse Effect"). The Company Purchaser has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the CompanyPurchaser's Significant Subsidiaries (as defined in Section 8.14) is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate or partnership power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such failure to be so qualified or to be in good standing would not individually or in the aggregate, have a Company Purchaser Material Adverse Effect. 3.2The copies of the Purchaser's Certificate of Incorporation and Bylaws previously made available to the Company are true and correct. 6.2.

Appears in 1 contract

Samples: Amended and Restated Agreement and Plan of Reorganization (Disney Walt Co)

Existence; Good Standing; Corporate Authority. The Company is a --------------------------------------------- corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or financial condition or prospects of the Company and its Subsidiaries taken as a whole (a "Company Material Adverse Effect"). The Company has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the Company's Significant Subsidiaries (as defined in Section 8.14) is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate or partnership power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such failure to be so qualified or to be in good standing would not individually or in the aggregate, have a Company Material Adverse Effect. 3.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Allmerica Financial Corp)

AutoNDA by SimpleDocs

Existence; Good Standing; Corporate Authority. The Company is --------------------------------------------- a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or financial condition or prospects of the Company and its Subsidiaries taken as a whole (a "Company Material Adverse Effect"). The Company has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the Company's Significant Subsidiaries (as defined in Section 8.14) is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate or partnership power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such where the failure to be so qualified or to be in good standing standing, when taken with all other such failures, would not individually or in the aggregate, have a Company Material Adverse EffectEffect (as defined below). 3.2The copies of the Company's Articles of Incorporation (the "Articles of Incorporation") and by-laws previously delivered to Sub are complete and correct and in full force and effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MTL Inc)

Existence; Good Standing; Corporate Authority. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. The Company is duly licensed or qualified to do business as a foreign corporation and is in good standing under the laws of any other state of the United States in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or financial condition or prospects of the Company and its Subsidiaries taken as a whole (a "Company Material Adverse Effect"). The Company has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted. Each of the Company's Significant Subsidiaries (as defined in Section 8.14) is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, has the corporate or partnership power and authority to own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such where the failure to be so qualified or to be in good standing standing, when taken with all other such failures, would not individually or in the aggregate, have a Company Material Adverse EffectEffect (as defined below). 3.2The copies of the Company's Articles of Incorporation (the "Articles of Incorporation") and by-laws previously delivered to Sub are complete and correct and in full force and effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MTL Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.