Common use of Incorporation; Power and Authority Clause in Contracts

Incorporation; Power and Authority. (a) The Seller has been duly incorporated, and is validly existing and in good standing, under the laws of the jurisdiction of its incorporation. The Seller has full power and authority: (i) to execute, deliver and perform this Agreement and the other Transactional Agreements; (ii) conduct the Business as of the date hereof in the manner in which it is currently being conducted; and (iii) to own and use the Transferred Assets in the manner in which such assets are currently owned and used.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Clone Algo Inc.), Asset Purchase Agreement (Va Software Corp)

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Incorporation; Power and Authority. (a) The Seller has been duly incorporated, organized and is validly existing and in good standing, under the laws of the jurisdiction of its incorporationorganization. The Seller has full power and authority: (i) to execute, deliver and perform this Agreement and the other Transactional Agreements; (ii) conduct the Business as of the date hereof in the manner in which it is currently being conducted; and (iii) to own and use the Transferred Assets in the manner in which such assets are currently owned and used.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chanticleer Holdings, Inc.)

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Incorporation; Power and Authority. (a) The Seller has been duly incorporated, and is validly existing and in good standing, under the laws of the jurisdiction of its incorporation. The Seller has full power and authority: (i) to execute, deliver and perform this Agreement and the other Transactional Agreements; (ii) conduct the Business as of the date hereof in the manner in which it is currently being conductedAgreement; and (iiiii) to own and use the Transferred Assets in the manner in which such assets are currently owned and used.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clone Algo Inc.)

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