Common use of Organization and Authority of Purchaser Clause in Contracts

Organization and Authority of Purchaser. (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hostopia.com Inc.), Asset Purchase Agreement (Hostopia.com Inc.)

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Organization and Authority of Purchaser. (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has the requisite power and authority to own its property and to carry on its business as now being conducted by it.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chad Therapeutics Inc)

Organization and Authority of Purchaser. (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is duly qualified as a foreign entity in such jurisdictions as the conduct of its business or the ownership of its properties requires such qualification unless such failure to so qualify reasonably could not be anticipated to have a Material Adverse Effect. Purchaser has all necessary power and authority to execute and deliver the Transaction Documents to which Purchaser is or will be a party and to consummate the Transactions.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Candlewood Hotel Co Inc)

Organization and Authority of Purchaser. (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware and has all necessary corporate power and authority to enter into this Agreement and the Ancillary Agreements and to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Non Competition Agreement (Arts Way Manufacturing Co Inc)

Organization and Authority of Purchaser. (a) Purchaser is a corporation limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser has all necessary power and authority to own, lease and operate its properties and conduct its business as it is currently being conducted.

Appears in 1 contract

Samples: Purchase and Assignment Agreement (Vornado Operating Co)

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Organization and Authority of Purchaser. (a) Purchaser is a --------------------------------------- corporation duly organized, validly existing and in good standing under the laws of the State of DelawareDelaware with full power and authority, corporate and otherwise, to enter into and to perform its obligations under this Agreement and each of the Ancillary Agreements to which it is a party and to consummate the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alliant Techsystems Inc)

Organization and Authority of Purchaser. (a) Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. 37 Purchaser has all requisite corporate power and authority to own its assets, to carry on its business as presently conducted by it and to enter into this Agreement and each other agreement and instrument to be executed and delivered by it pursuant hereto and consummate the transactions contemplated hereunder and thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Usec Inc)

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