Common use of Organization and Good Standing; Qualification Clause in Contracts

Organization and Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of its state of organization, with all requisite corporate power and authority to carry on the business in which it is engaged, to own the properties it owns, to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The Company is not duly qualified and licensed to do business in any other jurisdiction. The Company does not have any assets, employees or offices in any state other than the state of its organization.

Appears in 8 contracts

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)

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Organization and Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of its state of organizationincorporation, with all requisite corporate power and authority to carry on the business in which it is engaged, to own the properties it owns, to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The Company is not duly qualified and licensed to do business and is in any other jurisdiction. The Company does not have any assets, employees or offices good standing in any state other than all jurisdictions where the state nature of its organizationbusiness makes such qualification necessary.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vermont Witch Hazel Co), Stock Purchase Agreement (Million Dollar Saloon Inc)

Organization and Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of its state of organizationthe State, with all requisite corporate power and authority to carry on the business in which it is engaged, to own the properties it owns, to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The Company is not duly qualified and licensed to do business in any other jurisdiction. The Company does not have any assets, employees or offices in any state other than the state of its organization.own

Appears in 1 contract

Samples: Asset Purchase Agreement (Vision Twenty One Inc)

Organization and Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of its state jurisdiction of organization, with all requisite corporate power and authority to carry on the business in which it is engaged, to own the properties it owns, and to execute and deliver this Agreement the Transaction Documents and to consummate the transactions contemplated herebyTransactions. The Company is not duly qualified and licensed to do business and is in any other jurisdiction. The Company does good standing in all jurisdictions where the nature of its business makes such qualification necessary, except where the failure to be qualified or licensed would not have any assets, employees or offices in any state other than a Material Adverse Effect on the state of its organizationCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Geos Communications, Inc.)

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Organization and Good Standing; Qualification. The Company Corporation is a corporation duly organized, validly existing and in good standing under the laws of its state of organizationincorporation, with all requisite corporate power and authority to carry on the business in which it is engaged, to own the properties it owns, to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The Company Corporation is not duly qualified and licensed to do business and is in any other jurisdiction. The Company does not have any assets, employees or offices good standing in any state other than all jurisdictions where the state nature of its organizationbusiness makes such qualification necessary.

Appears in 1 contract

Samples: Stock Exchange Agreement (Palweb Corp)

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