Formation, Power and Authority Sample Clauses

Formation, Power and Authority. Service Provider is duly formed and validly existing under the laws of its jurisdiction of formation and has all requisite power and authority, in each jurisdiction in which Services will be performed, to own and operate its business and properties and to carry on its business as such business is now being conducted and to execute and deliver this Agreement and to perform its obligations hereunder.
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Formation, Power and Authority. (1) It 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 power and authority to own, lease and operate its properties and to carry on its business as now being conducted and proposed to be conducted.
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Formation, Power and Authority. (1) It is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation.
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Formation, Power and Authority. (a) The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority and all authorizations, licenses, permits and certifications necessary to carry on its business as now being conducted and presently proposed to be conducted and to own, lease and operate its assets. The Company is duly qualified as a foreign limited liability company to do business in every jurisdiction in which the nature of its business or its ownership of property requires it to be so qualified, except for those jurisdictions in which the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect (as defined below). Section 3.1 of the Disclosure Schedule sets forth a true and complete list of all jurisdictions in which the Company is qualified and in good standing. “
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Formation, Power and Authority. The Seller is a duly formed and validly existing limited partnership, in good standing, under the laws of the State of California with the power under the California Revised Limited Partnership Act and its partnership agreement to own, lease and operate its properties, to carry on its business as now conducted, to enter into this Agreement and to transfer, convey and sell to the Buyer at the Closing the Assets. The Seller is duly qualified or registered to transact business in each jurisdiction in which it conducts its businesses, except where the failure, individually or in the aggregate, to be so qualified or registered could not reasonably be expected to have a material adverse effect on the assets, business operations, earnings, properties or condition of the Seller. The Seller has made available to the Buyer true, correct and complete copies of all organizational or constituent documents of the Seller and each of the Consolidated Forecast Entities. 2.1.4.
Sample 1
Formation, Power and Authority. The Securities Partnership is a duly formed and validly existing limited partnership, in good standing, under the Laws of the State of California with the power under the California Revised Limited Partnership Act and its partnership agreement to own, lease and operate its properties and to carry on its business as now conducted and is duly qualified to do business in the jurisdictions listed on the Seller's Disclosure Schedule, except where the failure to so qualify will not have a material adverse effect. Forecast Homes has been duly incorporated and is validly existing in good standing under the Laws of the State of California and has corporate power and authority to enter into this Agreement and to consent to the transfer of the Securities to the Buyer. Forecast PP2 has been duly formed and is validly existing in good standing as a limited liability company under the Laws of the State of Delaware, with the power under the limited liability company statute of the State of Delaware and its limited liability company agreement to enter into this Agreement, perform its obligations hereunder and to transfer, convey and sell to the Buyer at the Closing the Securities to be sold to the Buyer by such Seller. The Sellers are duly qualified or registered to transact business in each jurisdiction in which they conduct businesses, except where the failure, individually or in the aggregate, to be so qualified or registered could not reasonably be expected to have a material adverse effect on the assets, businesses operations, earnings, properties or condition of the Seller. The Sellers have made available to the Buyer true, correct and complete copies of all organizational or constituent documents of each of the Sellers and the Consolidated Forecast Entities. 2.1.4
Sample 1
Formation, Power and Authority. (1) It is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of formation and has the requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of them has furnished or will furnish before closing to the Company a true and correct copy of its Certificate of Incorporation and its Bylaws, as in effect on the date hereof and as of the Closing Date.
Sample 1
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Related to Formation, Power and Authority

  • Organization; Power and Authority The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof and thereof.

  • Incorporation; Power and Authority Buyer is a corporation duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, with all necessary power and authority to execute, deliver and perform this Agreement.

  • Power and Authority The Servicer has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement have been duly authorized by the Servicer by all necessary corporate action.

  • Due Incorporation; Power and Authority The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of Delaware with full corporate power and authority to own or lease, as the case may be, and to operate its properties and conduct its business as described in the Statutory Prospectus and the Prospectus.

  • Company Power and Authority Each Credit Party has the Company power and authority to execute, deliver and carry out the terms and provisions of the Documents to which it is a party and has taken all necessary Company action to authorize the execution, delivery and performance of the Documents to which it is a party. Each Credit Party has duly executed and delivered each Document to which it is a party and each such Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws generally affecting creditors' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

  • Corporate Power and Authority Each Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "AMENDED AGREEMENT").

  • Existence, Power and Authority If not a natural person, the Borrower is duly organized, validly existing and in good standing under the laws of the State of its incorporation or organization and has the power and authority to own and operate its assets and to conduct its business as now or proposed to be carried on, and is duly qualified, licensed and in good standing to do business in all jurisdictions where its ownership of property or the nature of its business requires such qualification or licensing. The Borrower is duly authorized to execute and deliver the Loan Documents, all necessary action to authorize the execution and delivery of the Loan Documents has been properly taken, and the Borrower is and will continue to be duly authorized to borrow under this Agreement and to perform all of the other terms and provisions of the Loan Documents.

  • Full Power and Authority Buyer represents that it has full power and authority to enter into this Agreement.

  • Capacity, Power and Authority (i) It is duly amalgamated and is validly subsisting under the laws of its jurisdiction of amalgamation and has all the requisite corporate capacity, power and authority to carry on its business as presently conducted and to own its property; and

  • Legal Power and Authority It has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. It is an entity duly organized, validly existing and in good standing under the laws its jurisdiction of organization.

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