Legal Status of Company Sample Clauses

Legal Status of Company. The Company shall maintain the legal status of the Company and shall not permit same to be liquidated, wound down or dissolved until all the Company’s obligations under this Agreement have been fully and finally performed and satisfied. The Directors of the Company will be personally liable, on a joint and several basis, should the Company breach the terms of this provision.
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Legal Status of Company. Section 1.01. The Company is a Corporation duly organized, validly existing and in good standing under the laws of the State of California, with corporate power to own property and carry on its business as it is now being conducted. Company has its principal officer and place of business at 2015 Univxxxxxx Xxxxx, Xxxxxx Xxxxxxxxx, Xxxxxxxxxx 00000. Legal Status of Distributor
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Legal Status of Company. The Members do not intend that the Company be a co-partnership, limited partnership or corporation, except for purposes of federal and state tax law, and none of the Members or Managers (as defined below) of the Company is a partner of any other Member or Manager as a result of becoming a Member or Manager of the Company, and this Agreement shall not be construed as providing otherwise. Section 1.05
Sample 1
Legal Status of Company. The purpose of this AGREEMENT is for the COMPANY to become and remain eligible to participate in the PROGRAM and to ensure adherence to the policies, rules and regulations of the PROGRAM. The COMPANY is an independent entity entirely separate and distinct from PG&E, the FOUNDATION, and/or the PROGRAM. This AGREEMENT is not intended to and shall not be construed to create the relationship of contractor, subcontractor, employer, employee, partnership, agent, servant, or joint venture between the FOUNDATION or PG&E and the COMPANY, or any persons employed by the COMPANY including subcontractors or employees thereof. COMPANY shall control the manner and means of accomplishing the performance pursuant to the policies, rules and regulations of the PROGRAM as set forth in the AGREEMENT. Any contractual arrangements between COMPANY and CLIENTS are strictly matters between COMPANY and CLIENTS only; neither PROGRAM nor the FOUNDATION, nor PG&E are or shall be a party thereto, nor have any responsibility therefor. COMPANY shall be solely responsible for any and all compensation of individuals providing services pursuant to this AGREEMENT, including but not limited to, Federal and State withholding taxes, Workers Compensation, and other fringe benefits required by law or contract.
Sample 1

Related to Legal Status of Company

  • Legal Status Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

  • Status of Parties The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.

  • Opinion of Company Counsel On each Closing Date, there shall have been furnished to you, as Representatives of the several Underwriters, the opinion of Xxxxxxx Xxxxx LLP, counsel for the Company, dated such Closing Date and addressed to you in substantially the form attached hereto as Exhibit B.

  • Professional Status The Superintendent affirms that he is not under contract with any other board of education covering any part or all of the term provided in this contract. Throughout the contract term, he will hold a valid and appropriate certificate to act as a superintendent of schools in the State of Nebraska which he will register and maintain on file in the school district’s central administrative office. This contract shall not be valid and the Board will not compensate the Superintendent for any service performed prior to the date that he registers his certificate.

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