Common use of Organization and Corporate Power Clause in Contracts

Organization and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 13 contracts

Samples: Constellation Alpha Capital Corp., Azteca Acquisition Corp, BGS Acquisition Corp.

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Organization and Corporate Power. The Company is a corporation business company duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 7 contracts

Samples: Electrum Special Acquisition Corp, Brilliant Acquisition Corp, Kismet Acquisition One Corp

Organization and Corporate Power. The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the as a British Virgin Islands business company and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

Appears in 7 contracts

Samples: Private Placement Warrants Purchase Agreement (Electrum Special Acquisition Corp), Placement Warrants Purchase Agreement (Electrum Special Acquisition Corp), Private Placement Warrants Purchase Agreement (National Energy Services Reunited Corp.)

Organization and Corporate Power. The Company is a corporation company duly incorporatedorganized, validly existing and in good standing under the laws of the British Virgin Republic of the Xxxxxxxx Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

Appears in 5 contracts

Samples: Sponsor Warrants Purchase Agreement (Hunter Maritime Acquisition Corp.), Sponsor Warrants Purchase Agreement (Stellar Acquisition III Inc.), Sponsor Warrants Purchase Agreement (Stellar Acquisition III Inc.)

Organization and Corporate Power. The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Infinity China 2 Acquisition Corp, Infinity China 1 Acquisition Corp, Blue Wolf Mongolia Holdings Corp.

Organization and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands business company and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Bull Horn Holdings Corp., Longevity Acquisition Corp, Greenland Acquisition Corp.

Organization and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands company and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Forest Acquisition Corp., Giant Oak Acquisition Corp

Organization and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands business company incorporated with limited liability and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: FlatWorld Acquisition Corp., S.E. Asia Emerging Market Company., LTD

Organization and Corporate Power. The Company is a corporation duly incorporated, validly existing and company incorporated in good standing under the laws of the British Virgin Islands as a BVI business company and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Atlantic Alliance Partnership Corp.

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Organization and Corporate Power. The Company is a corporation business company duly incorporated, formed and validly existing and in good standing under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses has all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreementon its business as presently conducted and as proposed to be conducted.

Appears in 1 contract

Samples: Forward Share Purchase Agreement (8i Acquisition 2 Corp.)

Organization and Corporate Power. The Company is a corporation duly incorporatedorganized, validly existing and in good standing as a corporation under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses has all requisite corporate power and authority necessary to carry out on its business as presently conducted and as proposed to be conducted (including following the transactions contemplated by this AgreementBusiness Combination). The Company has no subsidiaries.

Appears in 1 contract

Samples: Forward Purchase Agreement (National Energy Services Reunited Corp.)

Organization and Corporate Power. The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of the British Virgin Republic of the Xxxxxxxx Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Nautilus Marine Acquisition Corp

Organization and Corporate Power. The Company is a corporation business company duly incorporated, incorporated validly existing and in good standing under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, condition operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Brilliant Acquisition Corp

Organization and Corporate Power. The Company is a Republic of Xxxxxxxx Islands corporation duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stellar Acquisition III Inc.

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