Organization and Qualification; Subsidiaries. (a) MAMP is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect. (b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements. (c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect. (d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary. (e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 19 contracts
Sources: Merger Agreement (MedAmerica Properties Inc.), Merger Agreement (MedAmerica Properties Inc.), Merger Agreement (MedAmerica Properties Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation limited liability company duly incorporatedformed, validly existing and in good standing under the Laws of the State its jurisdiction of Delaware formation and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, organization and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(d3.1(c) sets forth a true and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Company Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP the Company in each MAMP Company Subsidiary.
(ed) Neither MAMP the Company nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securitiesCompany Subsidiaries).
Appears in 17 contracts
Sources: Merger Agreement (MedAmerica Properties Inc.), Merger Agreement (MedAmerica Properties Inc.), Merger Agreement (MedAmerica Properties Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have have, a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have, a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP Parent Subsidiary (other than Merger Sub) is duly incorporated or organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except, with respect only to each Parent Subsidiary that would not constitute a Significant Subsidiary, for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have, a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have have, a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(dSection 5.1(d) of the Parent Disclosure Letter sets forth a true and complete list of the MAMP SubsidiariesParent Subsidiaries and each other corporate or non-corporate legal entity in which Parent owns any direct or indirect voting, capital, profits or other beneficial interest (“Other Parent Subsidiary”), including a list of each Parent Subsidiary or Other Parent Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Parent Subsidiary and each Other Parent Subsidiary, (ii) the type of and percentage of voting, equity, profits, capital and other beneficial, as well as any debt (whether as a creditor or borrower), interest heldheld (including capital account balances for any entity treated as a partnership for U.S. federal income Tax purposes), directly or indirectly, by MAMP Parent in and to each Parent Subsidiary and each Other Parent Subsidiary, (iii) the names of and the type of and percentage of voting, equity, profits, capital and other beneficial, as well as any debt (whether as a creditor or borrower), interest held (including capital account balances for any entity treated as a partnership for U.S. federal income Tax purposes) by any Person other than Parent or a Parent Subsidiary in each MAMP Parent Subsidiary and, to the knowledge of Parent, each Other Parent Subsidiary, and (iv) the classification for U.S. federal income Tax purposes of each Parent Subsidiary and, to the knowledge of Parent, each Other Parent Subsidiary.
(e) Neither MAMP Except as set forth in Section 5.1(e) of the Parent Disclosure Letter, neither Parent nor any MAMP Subsidiary Parent Subsidiary, directly or indirectly indirectly, owns any interest or investment (whether equity or debt) in any Person (other than equity interests in the MAMP Parent Subsidiaries or Other Parent Subsidiaries, loans to any Taxable REIT Subsidiary of Parent and investments in short-term investment securitiesbank time deposits and money market accounts).
Appears in 4 contracts
Sources: Merger Agreement (Signature Office Reit Inc), Merger Agreement (Signature Office Reit Inc), Merger Agreement (Griffin Capital Essential Asset REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Except as set forth in Section 4.1(a) of the Parent Disclosure Letter, each of the Parent, Merger Sub, and each other subsidiary of the Parent other than dormant subsidiaries that are immaterial to the business and operations of the Parent (collectively, the "PARENT SUBSIDIARIES") has been duly organized and is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature laws of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. Each of the Parent, Merger Sub and each other Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing that, individually or in the aggregate, would have not resulted and could not reasonably be expected to have result in a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list Effect on the Parent. For purposes of this Agreement, "MATERIAL ADVERSE EFFECT ON THE PARENT" means any change in or effect on the business, assets, properties, results of operations or financial condition of the MAMP Parent or any Parent Subsidiaries that is or could reasonably be expected to be materially adverse to the Parent and the Parent Subsidiaries, together with (i) taken as a whole, or that could reasonably be expected to materially impair the respective jurisdiction ability of incorporation the Parent or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly Merger Sub to perform its obligations under this Agreement or indirectly, by MAMP in each MAMP Subsidiaryto consummate transactions contemplated hereby.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 4 contracts
Sources: Merger Agreement (Metromedia International Group Inc), Merger Agreement (Metromedia International Group Inc), Merger Agreement (PLD Telekom Inc)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP Parent Subsidiary (other than Merger Sub) is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(dSection 5.1(d) of the Parent Disclosure Letter sets forth a true and complete list of the MAMP SubsidiariesParent Subsidiaries and each other corporate or non-corporate subsidiary in which Parent owns any direct or indirect voting, capital, profits or other beneficial interest (“Other Parent Subsidiary”), including a list of each Parent Subsidiary or Other Parent Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Parent Subsidiary and each Other Parent Subsidiary, (ii) the type of and percentage of voting, equity, profits, capital and other beneficial, as well as any debt (whether as a creditor or borrower), interest heldheld (including capital account balances for any entity treated as a partnership for U.S. federal income tax purposes), directly or indirectly, by MAMP Parent in and to each Parent Subsidiary and each Other Parent Subsidiary, (iii) the names of and the type of and percentage of voting, equity, profits, capital and other beneficial, as well as any debt (whether as a creditor or borrower), interest held (including capital account balances for any entity treated as a partnership for U.S. federal income tax purposes) by any Person other than Parent or a Parent Subsidiary in each MAMP Parent Subsidiary and, to the knowledge of Parent, each Other Parent Subsidiary, and (iv) the classification for U.S. federal income tax purposes of each Parent Subsidiary and, to the knowledge of Parent, each Other Parent Subsidiary.
(e) Neither MAMP Except as set forth in Section 5.1(e) of the Parent Disclosure Letter, neither Parent nor any MAMP Subsidiary Parent Subsidiary, directly or indirectly indirectly, owns any interest or investment (whether equity or debt) in any Person (other than equity interests in the MAMP Parent Subsidiaries or Other Parent Subsidiaries, loans to any Taxable REIT Subsidiary of Parent and investments in short-term investment securitiesbank time deposits and money market accounts).
Appears in 4 contracts
Sources: Merger Agreement (American Realty Capital Properties, Inc.), Merger Agreement (Cole Real Estate Investments, Inc.), Merger Agreement (American Realty Capital Trust III, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsDelaware.
(cb) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and The Company has the all requisite organizational corporate power and corporate authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it is now being conducted. The Company is duly qualified to do business in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except for such failures where the failure to be so qualified, licensed qualified or in good standing thatstanding, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect. Each Subsidiary of the Company (each, a “Company Subsidiary”) is a corporation or other legal entity duly organized, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization and has all requisite corporate or organizational, as the case may be, power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified to do business in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified or in good standing, individually or in the aggregate, would not reasonably be expected to have a Company Material Adverse Effect.
(c) The Company has made available to Parent and Merger Sub accurate and complete copies of the currently effective amended and restated certificate of incorporation of the Company (the “Company Certificate”) and amended and restated bylaws of the Company (the “Company Bylaws”), and the certificate of incorporation and bylaws, or equivalent organizational or governing documents, of each Company Subsidiary, and each of these organizational and governing documents is in full force and effect on the date hereof. The Company is not in violation of the Company Certificate or Company Bylaws, and the Company Subsidiaries are not in material violation of their respective organizational or governing documents.
(d) Section 4.1(d) of the Company Disclosure Schedule 2.1(d) sets forth a true an accurate and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation organization or organizationincorporation, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Company Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 4 contracts
Sources: Merger Agreement, Merger Agreement (Reckitt Benckiser Group PLC), Merger Agreement (Schiff Nutrition International, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and law. The Company has all the requisite organizational corporate power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may beauthority, and has the requisite organizational power is in possession of all franchises, grants, authorizations, licenses, permits, easements, consents, waivers, qualifications, certificates, Orders (as defined herein) and authority and any approvals (collectively, "Approvals") necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, except for such failures where the failure to be so qualified, licensed or existing and in good standing thator to have such power, authority and Approvals could not, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect. The Company is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except where the failure to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(b) Section 2.1(b) of the Company Disclosure Schedule sets forth, as of the date hereof, a true and complete list of all of the Company's directly and indirectly owned Subsidiaries, together with the jurisdiction of incorporation or organization of each Subsidiary. The Company owns one hundred percent (100%) of the outstanding capital stock of each of its Subsidiaries.
(c) Each Subsidiary of the Company is a legal entity, duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of incorporation or organization and has all the requisite power and authority, and is in possession of all Approvals necessary to own, lease and operate its properties and to carry on its business as it is now being conducted, except where the failure to possess such Approvals could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Subsidiary is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except where the failure to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(d) Schedule Section 2.1(d) of the Company Disclosure Schedule sets forth a true and complete list of each equity investment or similar investment interest made by the MAMP Subsidiaries, together with (i) the respective jurisdiction Company or any of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) its Subsidiaries in any Person (other than the Company's Subsidiaries ("Other Interests"). Except as described in Section 2.1(d) of the MAMP Subsidiaries Company Disclosure Schedule, the Other Interests are owned by the Company, by one or more of the Company's Subsidiaries, or by the Company and investments one or more of its Subsidiaries, in short-term investment securities)each case free and clear of all Liens.
Appears in 4 contracts
Sources: Merger Agreement (Webmethods Inc), Merger Agreement (Active Software Inc), Merger Agreement (Webmethods Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company and each Company Subsidiary is a corporation or other legal entity duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified incorporated or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, except, in the case of the Company Subsidiaries, as would not reasonably be expected to have a Company Material Adverse Effect. The Company and each Company Subsidiary has requisite corporate or other legal entity, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to assets and carry on its business as it is now being conducted, except for where the failure to have such failures power and authority would not have a Company Material Adverse Effect. The Company and each Company Subsidiary is duly qualified to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified, licensed qualified or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(db) Schedule 2.1(dThe Company has made available to Parent true and complete copies of (i) the Amended and Restated Certificate of Incorporation of the Company (as amended, restated, supplemented or otherwise modified, the “Company Charter”) and (ii) the Amended and Restated Bylaws of the Company (as amended, restated, supplemented or otherwise modified, the “Company Bylaws”), in each case, as in effect on the date hereof. Each of the Company Charter and the Company Bylaws is in full force and effect.
(c) Section 3.01 of the Company Disclosure Letter sets forth a true and complete list as of the MAMP Subsidiariesdate hereof of each Company Subsidiary, together with (i) the respective its jurisdiction of incorporation or organization, as the case may be, of each MAMP .
(d) The Company or another Company Subsidiary and (ii) the type of and percentage of interest heldowns, directly or indirectly, by MAMP all of the issued and outstanding shares of capital stock or other equity securities of each of the Company Subsidiaries, free and clear of any Lien, other than restrictions on transfer under applicable federal and state securities Laws or applicable foreign Laws, and all of such outstanding shares of capital stock or other equity securities have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights. Except for equity interests in each MAMP Subsidiary.
(e) Neither MAMP the Company Subsidiaries, neither the Company nor any MAMP Company Subsidiary owns, directly or indirectly owns indirectly, any interest shares of capital stock or investment (whether other equity or debt) interests in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)person, or has any obligation to acquire any such shares of capital stock or equity interests.
Appears in 4 contracts
Sources: Merger Agreement (Pc Tel Inc), Merger Agreement (Pc Tel Inc), Merger Agreement (Pc Tel Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have have, a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Company Subsidiary is duly incorporated or organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except, with respect only to each Company Subsidiary that would not constitute a Significant Subsidiary, for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have, a Company Material Adverse Effect. Each Company Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have have, a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Company Disclosure Letter sets forth a true and complete list of the MAMP Company Subsidiaries, including a list of each Company Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (“Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (“Taxable REIT Subsidiary”), together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Company Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP the Company in and to each MAMP Company Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the Company Disclosure Letter, neither the Company nor any MAMP Subsidiary Company Subsidiary, directly or indirectly indirectly, owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities).
(e) Except as set forth in Section 4.1(e) of the Company Disclosure Letter, the Company has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the Company Charter, which exemption or Excepted Holder Limit is currently in effect.
(f) There are no partners of the Company Operating Partnership other than the Company and Signature Office Income Holdings, LLC, a Delaware limited liability company.
Appears in 4 contracts
Sources: Merger Agreement (Signature Office Reit Inc), Merger Agreement (Signature Office Reit Inc), Merger Agreement (Griffin Capital Essential Asset REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP CMOF is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP CMOF is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such conceptthe extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMOF Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP CMOF Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each CMOF Subsidiary is duly qualified or licensed to do business, and is in good standing (to the extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMOF Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the CMOF Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the CMOF Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which CMOF and (ii) the type of CMOF Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP CMOF in each MAMP CMOF Subsidiary.
(ed) Neither MAMP CMOF nor any MAMP CMOF Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CMOF Subsidiaries and investments in short-term investment securities).
(e) CMOF has made available to the CCI Parties complete and correct copies of the CMOF Governing Documents, which are in full force and effect as of the date of this Agreement. Each of the CMOF Parties is in compliance with the terms of its applicable CMOF Governing Documents in all material respects. If and to the extent requested by the CCI Parties, true and complete copies of CMOF’s minute books, since January 1, 2019, have been made available by CMOF to CCI upon the written request of CCI.
(f) CMOF has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CMOF Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 3 contracts
Sources: Merger Agreement (Cottonwood Multifamily Opportunity Fund, Inc.), Merger Agreement (Cottonwood Communities, Inc.), Merger Agreement (Cottonwood Communities, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Each of the Company and each operating subsidiary of the Company with total assets in excess of $50,000 on its balance sheet at September 30, 2000 (collectively, the "Company Subsidiaries") is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State jurisdiction of Delaware its incorporation and has the all requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conductedconducted except where the failure to be so organized, existing or in good standing or to have such power, authority, and governmental approvals would not prevent or materially delay consummation of the Merger or otherwise prevent or materially delay the Company from performing its obligations under this Agreement and would not, individually or in the aggregate, have a Material Adverse Effect (as defined in Section 9.04). MAMP The Company and each of the Company Subsidiaries is duly qualified or licensed as a foreign corporation or organization to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business makes such qualification, qualification or licensing or good standing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing thatthat would not prevent or materially delay consummation of the Merger or otherwise prevent or materially delay the Company from performing its obligations under this Agreement and would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws Section 3.01(b) of the State disclosure schedule prepared by the Company and delivered by the Company to Parent prior to the execution of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is forming a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations part of any nature other than as set forth in this Agreement and (the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d"Company Disclosure Schedule") sets forth a true and complete list of all the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Company Subsidiary and (ii) the type of and percentage of interest heldthe outstanding capital stock of each Company Subsidiary owned by the Company and each Company Subsidiary, directly or indirectlyand separately identifies all subsidiaries of the Company that are not Company Subsidiaries (collectively, by MAMP the "Insignificant Subsidiaries"). Except as set forth in each MAMP Subsidiary.
(eSection 3.01(b) Neither MAMP of the Company Disclosure Schedule, neither the Company nor any MAMP Company Subsidiary directly or indirectly owns owns, or has outstanding contractual obligations to acquire, any equity or similar interest in, or any interest convertible into or investment exchangeable or exercisable for any equity or similar interest in, any corporation, partnership, joint venture or other business association or entity.
(c) None of the Insignificant Subsidiaries has any liabilities or obligation of any nature whatsoever (whether equity absolute, accrued, contingent or debt) in any Person (other than otherwise and whether due or to become due), except for such liabilities and obligations as would not prevent or materially delay consummation of the Merger or otherwise prevent or materially delay the Company from performing its obligations under this Agreement and would not, individually or in the MAMP Subsidiaries and investments in short-term investment securities)aggregate, have a Material Adverse Effect on the Company or any Company Subsidiary.
Appears in 3 contracts
Sources: Merger Agreement (Hub International LTD), Merger Agreement (Kaye Group Inc), Merger Agreement (Hub International LTD)
Organization and Qualification; Subsidiaries. (a) MAMP Frankfort First is a corporation duly incorporatedorganized, validly existing and in active status under the Laws of the State of Delaware, and is a registered savings and loan holding company under HOLA. The Bank is a federally chartered capital stock savings and loan association duly organized, validly existing and in good standing under the Laws federal Laws. The deposits of the State Bank are insured by the SAIF of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business FDIC as it is now being conducted. MAMP is duly qualified or licensed to do businesspermitted by federal Law, and the Bank has paid all premiums and assessments required thereunder. The Bank is a member in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or FHLB of Cincinnati. Each of the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership other Frankfort First Subsidiaries is duly organized, validly existing and in good standing under the Laws laws of the State state of Delaware its incorporation. Each of Frankfort First and the Frankfort First Subsidiaries has the requisite organizational corporate power and authority and any is in possession of all franchises, grants, authorizations, licenses, permits, easements, consents, certificates, approvals and orders ("Frankfort First Approvals") necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, including appropriate authorizations from the OTS and the FDIC, except where a failure to be so organized, existing and in good standing or to have such power, authority and Frankfort First Approvals would not, individually or in the aggregate, have a Material Adverse Effect on Frankfort First, and neither Frankfort First nor any Frankfort First Subsidiary has received any notice of proceedings relating to the revocation or modification of any Frankfort First Approvals.
(b) Each of Frankfort First and the Bank is duly qualified or licensed as a foreign corporation to conduct business, and is in good standing (or the equivalent thereof) in each jurisdiction where the character of the properties it owns, leases or operates or the nature of the activities it conducts make such qualification or licensing necessary, except for such failures to be so qualified, duly qualified and licensed or and in good standing thatthat would not, either individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse EffectEffect on Frankfort First.
(dc) Schedule 2.1(d) sets forth a A true and complete list of all Subsidiaries of Frankfort First (the MAMP "Frankfort First Subsidiaries"), together with (i) the respective jurisdiction of incorporation Frankfort First's direct or organization, as the case may be, indirect percentage ownership of each MAMP Subsidiary and Frankfort First Subsidiary; (ii) the type jurisdiction in which the Frankfort First Subsidiaries are incorporated; and (iii) a description of the principal business activities conducted by each Frankfort First Subsidiary, is set forth in the Frankfort First Disclosure Schedule. Frankfort First and/or one or more of the Frankfort First Subsidiaries owns beneficially and percentage of interest heldrecord all of the outstanding shares of capital stock of each of the Frankfort First Subsidiaries. Except for the Subsidiaries identified in the Frankfort First Disclosure Schedule, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary Frankfort First does not directly or indirectly owns own any interest or investment (whether equity or debt) in similar interests in, or any Person (interests convertible into or exchangeable or exercisable for any equity or similar interest in, any corporation, partnership, limited liability company, joint venture or other business association or entity other than in the MAMP Subsidiaries ordinary course of business, and investments in short-term investment securities)no event in excess of 10% of the outstanding equity or voting securities of such entity.
Appears in 3 contracts
Sources: Merger Agreement (Kentucky First Federal Bancorp), Merger Agreement (Frankfort First Bancorp Inc), Merger Agreement (Frankfort First Bancorp Inc)
Organization and Qualification; Subsidiaries. (a) MAMP Tritel is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware and has all the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP Tritel is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business activities makes such qualification, qualification or licensing or good standing necessary, except for such failures where the failure to be so qualified, licensed or in good standing thatqualified would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Tritel Material Adverse Effect.
(b) The Operating Partnership All of the shares of capital stock of each Subsidiary of Tritel are owned by Tritel or by a Subsidiary of Tritel (other than director's qualifying shares in the case of foreign Subsidiaries), and are validly issued, fully paid and non-assessable, and there are no outstanding subscriptions, options, calls, contracts, voting trusts, proxies or other commitments, understandings, restrictions, arrangements, rights or warrants with respect any such Subsidiaries capital stock.
(c) Each Subsidiary of Tritel is a legal entity, duly incorporated or organized, validly existing and in good standing under the Laws laws of the State its respective jurisdiction of Delaware incorporation or organization and has all the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. Each Subsidiary of Tritel is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except for such failures where the failure to be so qualified, licensed or in good standing thatqualified would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Tritel Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 3 contracts
Sources: Agreement and Plan of Reorganization and Contribution (Tritel Inc), Agreement and Plan of Reorganization and Contribution (Telecorp PCS Inc), Agreement and Plan of Reorganization and Contribution (Telecorp PCS Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware Delaware. Each Subsidiary of the Company (each, a “Company Subsidiary”) has been duly organized and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, except to the extent the failure of any such Company Subsidiary to be in good standing would not, individually or in the aggregate, be material to the business of the Company and the Company Subsidiaries taken as a whole. Section 4.1 of the Company Disclosure Schedule contains a complete list of all of the Company Subsidiaries as of the date of this Agreement, identifying the jurisdiction of incorporation or organization of each such Company Subsidiary and the percentage of the outstanding Equity Interests of each such Company Subsidiary owned by the Company, each other Company Subsidiary and any other Person, as well as, if applicable, the identity of such other Person. The Company and each Company Subsidiary has the requisite organizational corporate or similar power and authority and any all necessary governmental authorization approvals from Governmental Entities to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it is now being conducted, in all material respects. The Company and each Company Subsidiary is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties or assets owned, leased or operated by it or the nature of its business makes such qualification, licensing or good standing necessary or desirable, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, that would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true . The Company has made available to Parent complete and complete list correct copies of the MAMP Subsidiaries, together with (i) Company Certificate and Company Bylaws and the respective jurisdiction certificate of incorporation and bylaws or organization, as the case may be, similar organizational or governing documents of each MAMP Company Subsidiary and (ii) all amendments thereto and all such documents are in full force and effect. The Company has also made available to Parent complete and correct copies of the type minute books of the Company and percentage BHL, since July 1, 2008, which contain approved minutes of interest heldall meetings of their respective boards of directors, directly or indirectlycommittees thereof and stockholders and all actions by written consent taken without a meeting by their respective boards of directors, committees thereof and stockholders and accurately reflect in all material respects all actions by MAMP their respective boards of directors, committees thereof and stockholders with respect to all transactions referred to in each MAMP Subsidiary.
(e) such minutes, subject to certain agreed redactions. Neither MAMP the Company nor any MAMP Company Subsidiary directly is in violation of its organizational or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)governing documents.
Appears in 3 contracts
Sources: Merger Agreement, Merger Agreement (Quest Diagnostics Inc), Merger Agreement (Celera CORP)
Organization and Qualification; Subsidiaries. (a) MAMP is a corporation duly incorporated, validly existing and in good standing under the Laws Section 3.1 of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in Company Disclosure Schedule identifies each jurisdiction where the character subsidiary of the properties ownedCompany as of the date hereof and its respective jurisdiction of incorporation or organization, operated or leased by it or as the nature case may be. The Company and each of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership subsidiaries is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction of its incorporation or organization, organization as set forth in Section 3.1 of the case may be, Company Disclosure Schedule and has the all requisite organizational power and authority to own lease and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business businesses as it is now being conducted, except for where such failures failure to so qualify would not have a Material Adverse Effect (defined herein) on the Company. The Company has heretofore provided Parent with access to accurate and complete copies of the charter and Bylaws (or similar governing documents), as currently in effect, of the Company and its subsidiaries.
(b) Except as disclosed in Section 3.1(b) of the Company Disclosure Schedule, each of the Company and its subsidiaries is duly qualified or licensed and in good standing to do business in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary, except in such jurisdictions where the failure to be so qualified, duly qualified or licensed or and in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect on the Company. When used in connection with the Company or its subsidiaries, the term "Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with " means any change or effect (i) that is materially adverse to the respective jurisdiction business, properties, financial condition or results of incorporation operations of the Company and its subsidiaries, taken as whole, or organization, as the case may be, of each MAMP Subsidiary and (ii) that would materially impair the type ability of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiarythe Company to consummate the transactions contemplated hereby.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 3 contracts
Sources: Merger Agreement (Ion Beam Applications S A), Merger Agreement (Sterigenics International Inc), Merger Agreement (Sterigenics International Inc)
Organization and Qualification; Subsidiaries. (a) MAMP is a corporation duly incorporated, validly existing and in good standing under the Laws Each of the State of Delaware Company and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership Key Subsidiaries is an entity duly organized, validly existing and in good standing under the Laws of the State jurisdiction of Delaware its organization or incorporation and has the requisite organizational corporate or similar power and authority and any all necessary governmental authorization approvals in all material respects, to enter into this Agreement own, lease and the other Transactions operate its properties and assets and to which carry on its business as it is a partynow being conducted. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations Each of any nature the Company’s Subsidiaries (other than as its Key Subsidiaries and those set forth in this Agreement and Section 4.01(a) of the Other Merger Agreements.
(cCompany Disclosure Schedule) Each MAMP Subsidiary is an entity duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, organization and has the requisite organizational corporate or similar power and authority and any all necessary governmental authorization approvals, to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it is now being conducted, except for where the failure to have such failures to be so qualifiedpower, licensed or in good standing that, individually or in the aggregate, authority and governmental approvals would not reasonably be expected to have a MAMP Company Material Adverse Effect. The Company and each of its Subsidiaries is duly qualified or licensed as a foreign corporation or other legal entity to do business, and is in good standing, in each jurisdiction where the character of the properties or assets owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary or desirable, except where the failure to be so qualified or licensed and in good standing would not reasonably be expected to have a Company Material Adverse Effect.
(db) Schedule 2.1(d) sets forth a A true and complete list of all the MAMP SubsidiariesSubsidiaries of the Company, together with (i) identifying the respective jurisdiction of incorporation or organization, as the case may be, organization of each MAMP Subsidiary and (ii) such Subsidiary, the type of and percentage of the outstanding share capital or other equity interests of, or other interest heldin, directly each such Subsidiary owned or indirectlyheld by the Company and each of its other Subsidiaries is set forth in Section 4.01(b)(ii) of the Company Disclosure Schedule. Except as set forth in Section 4.01(b)(ii) of the Company Disclosure Schedule, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary the Company does not directly or indirectly owns own any equity interest in, or any interest convertible into or investment (whether exchangeable or exercisable for any equity interest in, or debt) in otherwise control any Person (corporation, partnership, joint venture or other than in the MAMP Subsidiaries and investments in short-term investment securities)business association or entity.
Appears in 3 contracts
Sources: Merger Agreement (Cnshangquan E-Commerce Co., Ltd.), Merger Agreement (ChinaEquity USD Fund I L.P.), Merger Agreement (Mecox Lane LTD)
Organization and Qualification; Subsidiaries. (a) MAMP REIT I is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP REIT I is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT I Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT I Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each REIT I Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT I Material Adverse Effect.
(d) Schedule 2.1(dExcept as set forth in Section 4.1(d) sets forth a true and complete list of the MAMP SubsidiariesREIT I Disclosure Letter, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP neither REIT I nor any MAMP REIT I Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT I Subsidiaries and investments in short-term investment securities).
(e) REIT I has made available to REIT II complete and correct copies of the REIT I Governing Documents. Each of REIT I and REIT I Operating Partnership is in compliance with the terms of its REIT I Governing Documents in all material respects. True and complete copies of REIT I’s and REIT I Operating Partnership’s minute books, as applicable, have been made available by REIT I to REIT II.
(f) Except as set forth in Section 4.1(f) of the REIT I Disclosure Letter, REIT I has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the REIT I Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Griffin Capital Essential Asset REIT II, Inc.), Merger Agreement (Griffin Capital Essential Asset REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Spirit is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Spirit is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Spirit Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Spirit Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Spirit Material Adverse Effect.. Each Spirit Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a Spirit Material Adverse Effect
(dc) Schedule 2.1(dSection 5.1(c) of the Spirit Disclosure Letter sets forth forth, as of the date hereof, a true and complete list of the MAMP Subsidiaries, together with (i) the Spirit Subsidiaries and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Spirit in each MAMP Spirit Subsidiary, including a list of each Spirit Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth in Section 5.1(d) of the Spirit Disclosure Letter, neither Spirit nor any MAMP Spirit Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Spirit Subsidiaries and investments in short-term money markets and bank time deposits) or otherwise made a loan as an investment securities)to any Person.
Appears in 2 contracts
Sources: Merger Agreement (Cole Credit Property Trust II Inc), Merger Agreement (Spirit Realty Capital, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each Vornado Party is duly qualified incorporated or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Vornado Party is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Vornado Material Adverse Effect. Each Vornado Party is in compliance in all material respects with the terms of its Governing Documents.
(b) Each of Newco and Newco OP is, or as of the Closing will be, duly incorporated or organized, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has, or will have as of the Closing, the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of Newco and Newco OP is, or as of the Closing will be, duly qualified or licensed to do business, and is, or as of the Closing will be, in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary. Each of Newco and Newco OP is, or as of the Closing will be, in compliance in all material respects with the terms of is Governing Documents.
(c) Each Vornado Included Entity is duly incorporated or organized, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties (including its Vornado Included Assets) and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Vornado Material Adverse Effect. Each Vornado Included Entity is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a Vornado Material Adverse Effect. Each Vornado Included Entity is in compliance in all material respects with the terms of its Governing Documents, except for such noncompliance that, individually or in the aggregate, have not had and would not reasonably be expected to have a Vornado Material Adverse Effect.
(d) Schedule 2.1(dSection 3.1(d) of the Vornado Disclosure Letter sets forth a true true, correct and complete list of Newco, Newco OP and all of the MAMP SubsidiariesVornado Included Entities, including a list of each Vornado Included Entity that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (“Qualified REIT Subsidiary”), a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (“Taxable REIT Subsidiary”) or a real estate investment trust within the meaning of Sections 856 — 860 of the Code (“REIT”), together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and Vornado Included Entity, (ii) the type of and percentage of voting, equity, profits, capital and other beneficial interest held, directly or indirectly, by MAMP Vornado OP in and to each Vornado Included Entity, (iii) the names of and the type of and percentage of voting, equity, profits, capital and other beneficial interest held by any Person other than Vornado or a Vornado Subsidiary in each MAMP SubsidiaryVornado Included Entity, and (iv) the classification for U.S. federal income tax purposes of each Vornado Included Entity. None of the Vornado Included Entities other than the Vornado REITs has elected or will elect to be treated as a REIT.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) Newco and Newco OP have been organized solely for the purpose of, and have not engaged in activities except in preparation for, the Transactions. The Vornado Included Entities have not engaged in any Person (activities except for the acquisition, construction, development, ownership, operation, management, leasing and repair of the Vornado Included Properties and the management of properties belonging to third parties, and other than in the MAMP Subsidiaries and investments in short-term investment securities)activities ancillary thereto.
Appears in 2 contracts
Sources: Master Transaction Agreement (JBG SMITH Properties), Master Transaction Agreement (Vornado Realty Lp)
Organization and Qualification; Subsidiaries. (a) MAMP Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Company is duly qualified or licensed to do businessbusiness as a foreign corporation, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.
(b) Each Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except where the failure to be so organized, validly existing or in good standing (to the extent applicable), or to have such power or authority, would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each Company Subsidiary is duly qualified or licensed to do business as a foreign corporation, company or partnership, as applicable, and is in good standing (with respect to jurisdictions that recognize such conceptthe extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that(to the extent applicable) that would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(bc) The Operating Partnership is duly organized, validly existing and in good standing under the Laws Section 4.1(c) of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) Company Disclosure Letter sets forth a true true, correct and complete list of the MAMP Company Subsidiaries, together with (i1) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Company in each MAMP Company Subsidiary and (2) the classification for U.S. federal income Tax purposes of each Company Subsidiary as a REIT, a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (a “Qualified REIT Subsidiary”), a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (a “Taxable REIT Subsidiary”), an entity that is disregarded as an entity separate from its owner under Treasury Regulations Section 301.7701-3, or a partnership.
(ed) Neither MAMP Section 4.1(d) of the Company Disclosure Letter sets forth Company’s (or the applicable Company Subsidiary’s) ownership interest in any Person (other than in the Company Subsidiaries and investments in short-term investment securities). Except as set forth in Section 4.1(d) of the Company Disclosure Letter, neither Company nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Urstadt Biddle Properties Inc), Merger Agreement (Regency Centers Lp)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation corporation, duly incorporated, validly existing and in good standing under the Laws of the State laws of Delaware and has the requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business makes such qualification, qualification or licensing or good standing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing that, that would not individually or in the aggregate, would not reasonably be expected to aggregate have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership Each Company Subsidiary is an entity, duly organizedincorporated or formed, as applicable, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction of its incorporation or organization, as formation (to the case may be, extent the applicable jurisdiction recognizes such concept) and has the requisite organizational corporate or limited liability company power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(d) sets forth a A true and complete list of all the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation or organizationformation, as the case may beapplicable, of each MAMP Company Subsidiary and (ii) the type number of shares and percentage of interest heldthe outstanding Equity Interests of each Company Subsidiary owned by the Company and each other Company Subsidiary, directly is set forth in Section 4.01(c) of the Company Disclosure Schedule, and there are no Equity Interests issued or indirectlyoutstanding in any Company Subsidiary except as set forth thereon. Except with respect to the Company Subsidiaries, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary the Company does not directly or indirectly owns own (nor is party to any agreement or arrangement to own or acquire) any Equity Interest in, or any interest convertible into or investment (whether equity exchangeable or debt) in exercisable for any Person (Equity Interest in, any corporation, partnership, joint venture or business association or other than in the MAMP Subsidiaries and investments in short-term investment securities)entity.
Appears in 2 contracts
Sources: Business Combination Agreement (Rosecliff Acquisition Corp I), Business Combination Agreement (Rosecliff Acquisition Corp I)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsCalifornia.
(cb) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and The Company has the all requisite organizational corporate power and corporate authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it is now being conducted. The Company is duly qualified to do business in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except for such failures where the failure to be so qualified, licensed qualified or in good standing thatstanding, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect. Each Subsidiary of the Company (each, a “Company Subsidiary”) is a corporation or other legal entity duly organized, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization and has all requisite corporate or organizational, as the case may be, power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified to do business in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified or in good standing, individually or in the aggregate, would not reasonably be expected to have a Company Material Adverse Effect.
(c) The Company has made available to Parent and Merger Sub accurate and complete copies of the currently effective Amended and Restated Articles of Incorporation of the Company (as amended, the “Company Articles”) and Third Amended and Restated Bylaws of the Company (as amended, the “Company Bylaws”), and the certificate of incorporation and bylaws, or equivalent organizational or governing documents, of each Company Subsidiary, and each of these organizational and governing documents is in full force and effect on the date of this Agreement. The Company is not in violation of the Company Articles or Company Bylaws, and the Company Subsidiaries are not in violation of their respective organizational or governing documents.
(d) Section 3.1(d) of the Company Disclosure Schedule 2.1(d) sets forth a true an accurate and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation organization or organizationincorporation, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Company Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (St Jude Medical Inc), Merger Agreement (Thoratec Corp)
Organization and Qualification; Subsidiaries. (a) MAMP Xtribe PLC is a corporation public limited company duly incorporatedorganized, validly existing and in good standing under the Laws of the State jurisdiction of Delaware its incorporation and has the requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its assets and properties and to carry on its business as it is now being conducted. MAMP Xtribe PLC is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business makes such qualification, qualification or licensing or good standing necessary, except for such failures where the failure to be so qualified, qualified or licensed or and in good standing that, would not individually or in the aggregate, would not aggregate be reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership subsidiaries of Xtribe PLC (other than the Excluded Subsidiary) as of the date of this Agreement are set forth on Section 4.01(b) of the Company Disclosure Schedule (each an “Xtribe Subsidiary” and, collectively, the “Xtribe Subsidiaries”). Each Xtribe Subsidiary is duly organized, organized and is validly existing and in good standing under the Laws of the State its jurisdiction of Delaware and organization. Each Xtribe Subsidiary has the requisite corporate or other organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its assets and properties and to carry on its business in all material respects as it is now being conducted. Each Xtribe Subsidiary is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures where the failure to be so qualified, qualified or licensed or and in good standing that, would not individually or in the aggregate, would not aggregate be reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Business Combination Agreement (WinVest Acquisition Corp.), Business Combination Agreement (WinVest Acquisition Corp.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP Parent Subsidiary (other than Merger Sub) is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Ventas Inc), Merger Agreement (American Realty Capital Healthcare Trust Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority to conduct its business as now being conducted. The Company is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for those jurisdictions where the failure to be so qualified or licensed or to be in good standing would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. The Company has delivered to or made available to Parent, Merger Sub and Partnership Merger Sub, prior to the execution of this Agreement, true and complete copies of any necessary governmental authorization amendments to enter into this Agreement the Company Governing Documents and the other Transactions to which it is a partyCompany Operating Partnership Agreement not filed as of the date hereof with the SEC. The Company is in compliance with the terms of the Company Governing Documents in all material respects. The Company Operating Partnership has not conducted any business and has no assets, liabilities or obligations is in compliance with the terms of any nature other than as set forth the Company Operating Partnership Agreement in this Agreement and the Other Merger Agreementsall material respects.
(cb) Section 3.1(b) of the Company Disclosure Letter sets forth as of the date hereof a true and complete list of the Subsidiaries of the Company (each, a “Company Subsidiary”), together with the jurisdiction of organization or incorporation, as the case may be, of each Company Subsidiary. Each MAMP Company Significant Subsidiary (i) is duly organized, validly existing and existing, in good standing (with respect to the extent applicablejurisdictions which recognize such concept) under the Laws of the jurisdiction of its incorporation organization and is in compliance in all material respects with the terms of its constituent organizational or organizationgoverning documents, (ii) has all requisite corporate, partnership, limited liability company or other company (as the case may be, and has the requisite organizational ) power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on conduct its business as it is now being conducted, and (iii) is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for such failures those jurisdictions where the failure to be so qualified, qualified or licensed or to be in good standing thatwould not reasonably be expected to have, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(c) Except for the capital stock of the Company’s Subsidiaries, the Company does not own, directly or indirectly, any other capital stock, debt securities or equity securities (including any securities convertible into shares or equity interests of) or other capital interests of any other Person.
(d) Schedule 2.1(dSection 3.1(d) of the Company Disclosure Letter sets forth a true and complete list of each Company Subsidiary that is a real estate investment trust within the MAMP Subsidiariesmeaning of Sections 856 through 860 of the Code (a “REIT”), together with a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (i“Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the respective jurisdiction meaning of incorporation or organization, as Section 856(l) of the case may be, of each MAMP Subsidiary and Code (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP “Taxable REIT Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities”).
Appears in 2 contracts
Sources: Merger Agreement (Griffin-American Healthcare REIT II, Inc.), Merger Agreement (Northstar Realty Finance Corp.)
Organization and Qualification; Subsidiaries. (a) MAMP Terra REIT is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of Terra REIT and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Terra REIT Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Terra REIT Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Terra REIT Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Terra REIT Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the Terra REIT Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the Terra REIT Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which Terra REIT and (ii) the Terra REIT Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP Terra REIT in each MAMP Terra REIT Subsidiary, including a list of each Terra REIT Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary and each Terra REIT Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Terra REIT nor any MAMP Terra REIT Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securitiesTerra REIT Subsidiaries).
(e) Terra REIT is in compliance with the terms of its Terra REIT Governing Documents in all material respects.
(f) Terra REIT has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the Terra REIT Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Terra Income Fund 6, Inc.), Merger Agreement (Terra Property Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it Wisconsin. The Company is a partyregistered bank holding company under the Bank Holding Company Act of 1956, as amended (the "BHCA"). The Operating Partnership has not conducted any business and has no assetsEach subsidiary of the Company (a "Company Subsidiary" or, liabilities collectively, "Company Subsidiaries") is a bank or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is a corporation duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction state of its incorporation or organization, as the case may be, United States of America. Each of the Company and has the Company Subsidiaries have the requisite organizational corporate power and authority and any are in possession of all franchises, grants, authorizations, licenses, permits, easements, consents, certificates, approvals and orders ("Company Approvals") necessary governmental authorization to own, lease and, to the extent applicable, and operate its their respective properties and to carry on its their respective business as it is now being conducted, including appropriate authorizations from the Federal Reserve Board, FDIC, the DFI or the Office of the Comptroller of the Currency (the "OCC") and neither the Company nor any Company Subsidiary has received any notice of proceedings relating to the revocation or modification of any Company Approvals, except in each case where the failure to be so organized, existing and in good standing or to have such power, authority, Company Approvals and revocations or modifications would not, individually or in the aggregate, have a Material Adverse Effect on the Company and the Company Subsidiaries, taken as a whole.
(b) The Company and each Company Subsidiary is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of its properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except for such failures to be so qualified, duly qualified or licensed or and in good standing thatthat would not, either individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse EffectEffect on the Company and the Company Subsidiaries, taken as a whole.
(dc) Schedule 2.1(d) sets forth a A true and complete list of all of the MAMP Company Subsidiaries is set forth in Exhibit 21 to the Company's Annual Report on Form 10-K for the year ended December 31, 1996 ("Exhibit 21") previously delivered to the Seller. Except as set forth in Section 3.1(c) of the Company Disclosure Schedule, the Company and/or one or more of the Company Subsidiaries owns beneficially and of record substantially all of the outstanding shares of capital stock of each of the Company Subsidiaries. Except for the Company Subsidiaries, together with (i) set forth on said Exhibit 21, the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary Company does not directly or indirectly owns own any interest or investment (whether equity or debt) in similar interests in, or any Person (interests convertible into or exchangeable or exercisable for any equity or similar interest in, any corporation, partnership, joint venture or other business, other than in the MAMP Subsidiaries ordinary course of business, and investments in short-term investment securities)no event in excess of 5% of the outstanding equity securities of such entity.
Appears in 2 contracts
Sources: Merger Agreement (Advantage Bancorp Inc), Merger Agreement (Marshall & Ilsley Corp/Wi/)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation Spanish private limited liability company (sociedad de responsabilidad limitada) duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Delaware Spain and has the requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed as a foreign corporation or other organization to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business makes such qualification, qualification or licensing or good standing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing that, individually or in the aggregate, that would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership Other than the China JV, the Company does not directly or indirectly own any equity or similar interest in, or any interest convertible into or exchangeable or exercisable for any equity or similar interest in, any other corporation, partnership, joint venture or business association or other person, other than the subsidiaries of the Company set forth on Section 4.01(b) of the Company Disclosure Schedule. Each of the Company’s subsidiaries has been duly organized and is duly organized, validly existing and in good standing under the Laws of the State its jurisdiction of Delaware incorporation and has the requisite organizational corporate or other entity power and authority to own and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and assets, to carry on own its business as presently conducted and contemplated to be conducted. Each of the Company’s subsidiaries is presently qualified to do business as a foreign corporation or other entity in each jurisdiction in which it is now being conducted, except for such failures required to be so qualified, licensed qualified and is in good standing in each such jurisdiction (except where the failure to be so qualified or in good standing that, individually or in the aggregate, has not had and would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list ). All shares or other equity securities of the MAMP SubsidiariesCompany’s subsidiaries that are issued and outstanding have been duly authorized and validly issued in compliance with applicable Laws, together with (i) the respective jurisdiction are fully paid and non-assessable, and have not been issued in violation of incorporation any purchase option, call option, right of first refusal, preemptive right, subscription right or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiaryother similar right.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Business Combination Agreement (Wallbox N.V.), Business Combination Agreement (Kensington Capital Acquisition Corp. II)
Organization and Qualification; Subsidiaries. (a) MAMP REIT II is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of REIT II and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT II Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a REIT II Material Adverse Effect. Each REIT II Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the REIT II Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the REIT II Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which REIT II and (ii) the REIT II Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP REIT II in each MAMP REIT II Subsidiary, including a list of each REIT II Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary and each REIT II Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP REIT II nor any MAMP REIT II Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT II Subsidiaries and investments in short-term investment securities).
(e) REIT II is in compliance with the terms of its REIT II Governing Documents in all material respects.
(f) REIT II has not exempted any "Person" from the "Aggregate Share Ownership Limit" or the "Common Share Ownership Limit" or established or increased an "Excepted Holder Limit," as such terms are defined in the REIT II Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (MVP REIT, Inc.), Merger Agreement (MVP REIT II, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP SOR II is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP SOR II is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SOR II Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP SOR II Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each SOR II Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SOR II Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the SOR II Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the SOR II Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which SOR II and (ii) the type of SOR II Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP SOR II in each MAMP SOR II Subsidiary, including a list of each SOR II Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and each SOR II Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth on Section 4.1(d) of the SOR II Disclosure Letter, neither SOR II nor any MAMP SOR II Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP SOR II Subsidiaries and investments in short-term investment securities).
(e) SOR II has made available to SOR complete and correct copies of the SOR II Governing Documents. Each of SOR II and the SOR II Operating Partnership is in compliance with the terms of its SOR II Governing Documents in all material respects. True and complete copies of SOR II’s and the SOR II Operating Partnership’s minute books, as applicable, have been made available by SOR II to SOR.
(f) Except as set forth on Section 4.1(f) of the SOR II Disclosure Letter, SOR II has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the SOR II Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.), Merger Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP Parent Subsidiary (other than Merger Sub) is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list None of the MAMP SubsidiariesParent, together with (i) the respective jurisdiction of incorporation Merger Sub or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Parent Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person person (other than in the MAMP Parent Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Nationwide Health Properties Inc), Merger Agreement (Ventas Inc)
Organization and Qualification; Subsidiaries. (a) MAMP AWS is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware and has all the requisite organizational corporate power and authority necessary to carry on its business as it is now being conducted. AWS is duly qualified or licensed as a foreign corporation to do business, and any is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except where the failure to be so qualified would not, individually or in the aggregate, reasonably be expected to have an AWS Material Adverse Effect.
(b) Each Subsidiary of AWS is a legal entity, duly incorporated or organized, validly existing and in good standing under the laws of its respective jurisdiction of incorporation or organization and has all the requisite power and authority necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP Each Subsidiary of AWS is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business activities makes such qualification, qualification or licensing or good standing necessary, except for such failures where the failure to be so qualified, licensed or in good standing thatqualified would not, individually or in the aggregate, would not reasonably be expected to have a MAMP an AWS Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership Merger Sub has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) engaged in any Person (activities other than in connection with the MAMP Subsidiaries and investments in short-term investment securities)fulfillment of its or AWS's obligations under this Agreement.
Appears in 2 contracts
Sources: Merger Agreement (Telecorp PCS Inc /Va/), Merger Agreement (At&t Wireless Services Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware law and has all the requisite organizational corporate power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may beauthority, and has the requisite organizational power is in possession of all franchises, grants, authorizations, licenses, permits, easements, consents, waivers, qualifications, certificates, Orders (as defined herein) and authority and any approvals (collectively, "Approvals") necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, except for such failures Approvals, the failure of the Company to be so qualified, licensed or in good standing thatpossession of could not, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect. The Company is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except where the failure to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(db) Each Subsidiary of the Company is a legal entity, duly organized, validly existing and in good standing under the laws of its respective jurisdiction of incorporation or organization and has all the requisite power and authority, and is in possession of all Approvals necessary to own, lease and operate its properties and to carry on its business as it is now being conducted. Each Subsidiary is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except where the failure to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
(c) Section 2.1(c) of the Company Disclosure Schedule 2.1(d) sets forth forth, as of the date hereof, a true and complete list of all of the MAMP Company's directly and indirectly owned Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, organization of each MAMP Subsidiary and (ii) the type of and percentage of each Subsidiary's outstanding capital stock or other equity or other interest heldowned by the Company or another Subsidiary of the Company. Except as set forth in Section 2.1(c) of the Company Disclosure Schedule, neither the Company nor any of its Subsidiaries owns any equity or similar interest in, or any interest convertible into or exchangeable or exercisable for, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in similar interest in, any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)Person.
Appears in 2 contracts
Sources: Merger Agreement (Mapquest Com Inc), Agreement and Plan of Merger (America Online Inc)
Organization and Qualification; Subsidiaries. (a) MAMP SmartStop is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority to own, lease and any necessary governmental authorization operate its properties and to carry on its business as it is now being conducted. Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of SmartStop and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SmartStop Material Adverse Effect.
(b) The Operating Partnership Each SmartStop Subsidiary (i) is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and (ii) has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each SmartStop Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SmartStop Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (SmartStop Self Storage REIT, Inc.), Merger Agreement (Strategic Storage Trust IV, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP STAR III is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP STAR III is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP STAR III Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP STAR III Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each STAR III Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP STAR III Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the STAR III Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the STAR III Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which STAR III and (ii) the STAR III Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP STAR III in each MAMP STAR III Subsidiary, including a list of each STAR III Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and each STAR III Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP STAR III nor any MAMP STAR III Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP STAR III Subsidiaries and investments in short-term investment securities).
(e) STAR III has made available to STAR complete and correct copies of the STAR III Governing Documents. Each of STAR III and the STAR III Operating Partnership is in compliance with the terms of its STAR III Governing Documents in all material respects. True and complete copies of STAR III’s and the STAR III Operating Partnership’s minute books, as applicable, have been made available by STAR III to STAR.
(f) STAR III has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the STAR III Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Steadfast Apartment REIT, Inc.), Merger Agreement (Steadfast Apartment REIT III, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP REIT II is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of REIT II and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT II Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each REIT II Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the REIT II Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the REIT II Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which REIT II and (ii) the REIT II Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP REIT II in each MAMP REIT II Subsidiary, including a list of each REIT II Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary and each REIT II Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP REIT II nor any MAMP REIT II Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT II Subsidiaries and investments in short-term investment securities).
(e) REIT II has made available to REIT III complete and correct copies of the REIT II Governing Documents. Each of REIT II and REIT II Operating Partnership is in compliance with the terms of its REIT II Governing Documents in all material respects. True and complete copies of REIT II’s minute book have been made available by REIT II to REIT III.
(f) REIT II has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the REIT II Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Resource Real Estate Opportunity REIT II, Inc.), Merger Agreement (Resource Apartment REIT III, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent OP is a limited liability company, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to have such power and authority that would not, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect. Parent Merger Sub is a limited liability company, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to have such power and authority that would not, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect. Parent OP Merger Sub is a limited liability company, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to have such power and authority that would not, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect. Parent is duly qualified or licensed to do businessbusiness as a foreign corporation, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that would not, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.
(b) Each Parent Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except where the failure to be so organized, validly existing or in good standing (to the extent applicable), or to have such power or authority, would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business as a foreign corporation, company or partnership, as applicable, and is in good standing (with respect to jurisdictions that recognize such conceptthe extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that(to the extent applicable) that would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Kimco Realty Corp), Merger Agreement (RPT Realty)
Organization and Qualification; Subsidiaries. (a) MAMP Post is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Georgia and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Post is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Post Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Post Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Post Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Post Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the Post Subsidiaries and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Post in each MAMP Post Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the Post Disclosure Letter, neither Post nor any MAMP Post Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Post Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement, Merger Agreement (Mid America Apartment Communities Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(dSection 3.1(c) of the Company Disclosure Letter sets forth a true and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and Company Subsidiary, (ii) the type of and percentage of interest held, directly or indirectly, by MAMP the Company in each MAMP Company Subsidiary, and (iii) the entity classification for U.S. Federal income Tax purposes of each Company Subsidiary.
(ed) Neither MAMP Except as set forth in Section 3.1(d) of the Company Disclosure Letter, neither the Company nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities).
(e) There are no current or pending dissolution, liquidation, forfeiture or revocation proceedings regarding the Company or any of the Company Subsidiaries.
Appears in 2 contracts
Sources: Merger Agreement (OHI Healthcare Properties Limited Partnership), Merger Agreement (MedEquities Realty Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP AMH is a corporation real estate investment trust duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP AMH is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP an AMH Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP AMH Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws Law of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP an AMH Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the AMH Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the AMH Subsidiaries and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(ed) Neither MAMP Except as set forth in Section 5.1(d) of the AMH Disclosure Letter, neither AMH nor any MAMP AMH Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP AMH Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (American Residential Properties, Inc.), Merger Agreement (American Homes 4 Rent)
Organization and Qualification; Subsidiaries. (a) MAMP CMR is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP CMR is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMR Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP CMR Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each CMR Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMR Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the CMR Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the CMR Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which CMR and (ii) the type of CMR Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP CMR in each MAMP CMR Subsidiary, including a list of each CMR Subsidiary that is (i) a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”), (ii) a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and (iii) an entity taxable as a corporation under the Code that is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the CMR Disclosure Letter, neither CMR nor any MAMP CMR Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CMR Subsidiaries and investments in short-term investment securities).
(e) CMR has made available to the CCI Parties complete and correct copies of the CMR Governing Documents, which are in full force and effect as of the date of this Agreement. Each of the CMR Parties is in compliance with the terms of its applicable CMR Governing Documents in all material respects. If and to the extent requested by the CCI Parties, true and complete copies of CMR’s minute books, since January 1, 2018, have been made available by CMR to CCI upon the written request of CCI.
(f) Except as set forth in Section 4.1(f) of the CMR Disclosure Letter, CMR has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CMR Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Cottonwood Multifamily Reit I, Inc.), Merger Agreement (Cottonwood Communities, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP CMFT is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority to own, lease and any necessary governmental authorization operate its properties and to carry on its business as it is now being conducted. Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of CMFT and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMFT Material Adverse Effect.
(b) The Operating Partnership Each CMFT Subsidiary (i) is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and (ii) has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conductedconducted and (iii) is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMFT Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(ec) Neither MAMP CMFT nor any MAMP CMFT Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CMFT Subsidiaries) and investments in short-term investment securities).
(d) Neither CMFT nor any CMFT Subsidiary directly or indirectly owns any equity interest or equity investment in any Person (other than the CMFT Subsidiaries and investments in short-term investment securities).
(e) CMFT has made available to CCIT III complete and correct copies of the CMFT Governing Documents, which are in full force and effect as of the date of this Agreement. Each of CMFT and the CMFT Operating Partnership is in compliance with the terms of its CMFT Governing Documents. True and complete copies of CMFT’s and the CMFT Operating Partnership’s minute books, as applicable, since January 1, 2017 have been made available by CMFT to CCIT III.
(f) CMFT has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CMFT Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Cole Office & Industrial REIT (CCIT III), Inc.), Merger Agreement (Cim Real Estate Finance Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Terra BDC is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Terra BDC is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Terra BDC Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Terra BDC Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Terra BDC Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Terra BDC Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Terra BDC Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the Terra BDC Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which Terra BDC and (ii) the Terra BDC Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP Terra BDC in each MAMP Terra BDC Subsidiary, including a list of each Terra BDC Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and each Terra BDC Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Terra BDC nor any MAMP Terra BDC Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securitiesTerra BDC Subsidiaries).
(e) Terra BDC is in compliance with the terms of its Terra BDC Governing Documents in all material respects.
Appears in 2 contracts
Sources: Merger Agreement (Terra Income Fund 6, Inc.), Merger Agreement (Terra Property Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP REIT II is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of REIT II and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT II Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each REIT II Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the REIT II Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the REIT II Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which REIT II and (ii) the REIT II Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP REIT II in each MAMP REIT II Subsidiary, including a list of each REIT II Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary and each REIT II Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP REIT II nor any MAMP REIT II Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT II Subsidiaries and investments in short-term investment securities).
(e) Each of REIT II and the REIT II Operating Partnership is in compliance with the terms of its REIT II Governing Documents in all material respects.
(f) REIT II has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the REIT II Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Moody National REIT I, Inc.), Agreement and Plan of Merger (Moody National REIT II, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation an exempted company duly incorporated, incorporated and validly existing and in good standing under the Laws of the State of Delaware and Bermuda. The Company has the all requisite organizational corporate or similar power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it presently conducted and is now being conducted. MAMP is duly qualified or licensed to do business, business and is in good standing (with respect to jurisdictions that recognize such where applicable as a legal concept), ) as a foreign corporation or other relevant legal entity in each jurisdiction where the character ownership, leasing or operation of the its assets or properties owned, operated or leased by it or the nature conduct of its business makes requires such qualification, licensing or good standing necessary, except for where any such failures failure to be so qualified, licensed qualified or in good standing thatwould not, individually or in the aggregate, would not reasonably be expected to have result in a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws . Each of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it Company’s Subsidiaries is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is legal entity duly organized, validly existing and in good standing (to the extent applicablewhere applicable as a legal concept) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, organization and has the all requisite organizational corporate or similar power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it presently conducted and is now being conductedqualified to do business and is in good standing (where applicable as a legal concept) as a foreign corporation or other relevant legal entity in each jurisdiction where the ownership, leasing or operation of its assets or properties or conduct of its business requires such qualification, except for such failures where any failure to be so qualifiedorganized, licensed or existing, in good standing thator qualified, or to have such power or authority would not, individually or in the aggregate, would not reasonably be expected to have result in a MAMP Company Material Adverse Effect.
(db) Schedule 2.1(dSection 3.1(b) of the Company Disclosure Letter sets forth a true and complete list of each Subsidiary of the MAMP SubsidiariesCompany as of the date hereof, together with each such Subsidiary’s jurisdiction of incorporation, organization or formation and its authorized, issued and outstanding shares or units of equity interests (including limited liability company interests), if any, that are not owned by the Company or a Subsidiary.
(c) The Company has made available to Parent accurate and complete copies of (i) the respective jurisdiction memorandum of incorporation or organizationassociation and bye-laws, as including all amendments thereof, through the case may bedate hereof, of each MAMP Subsidiary the Company and (ii) the type minutes and other records of the meetings and percentage other proceedings (including any actions taken by written consent without a meeting) of interest heldthe Shareholders of the Company, directly or indirectly, by MAMP in each MAMP Subsidiarythe Company Board of Directors and all committees.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Lexmark International Inc /Ky/), Merger Agreement (Kofax LTD)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Alberta, Canada, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a corporation duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP of Weichai Westport and each Parent Subsidiary (other than Merger Sub) is duly organized, validly existing and in good standing (to the extent applicablesuch concept is recognized) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of Weichai Westport and each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(dExcept as disclosed in Section 5.1(d) sets forth a true and complete list of the MAMP SubsidiariesParent Disclosure Letter, together with (i) the respective jurisdiction none of incorporation Parent, Merger Sub or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Parent Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Parent Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Westport Innovations Inc), Merger Agreement (Fuel Systems Solutions, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP CCI is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority to own, lease and any necessary governmental authorization operate its properties and to carry on its business as it is now being conducted. Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of CCI and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CCI Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP CCI Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each CCI Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CCI Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the CCI Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the CCI Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which CCI and (ii) the type of CCI Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP CCI in each MAMP CCI Subsidiary, including a list of each CCI Subsidiary that is (i) a Qualified REIT Subsidiary, (ii) a Taxable REIT Subsidiary and (iii) an entity taxable as a corporation under the Code that is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth in Section 5.1(d) of the CCI Disclosure Letter, neither CCI nor any MAMP CCI Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CCI Subsidiaries and investments in short-term investment securities).
(e) CCI has made available to the CMR Parties complete and correct copies of the CCI Governing Documents, which are in full force and effect as of the date of this Agreement. Each of the CCI Parties is in compliance with the terms of its applicable CCI Governing Documents in all material respects. If and to the extent requested by the CMR Parties, true and complete copies of CCI’s minute books since January 1, 2018 have been made available by CCI to CMR upon the written request of CMR.
(f) CCI has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CCI Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Cottonwood Multifamily Reit I, Inc.), Merger Agreement (Cottonwood Communities, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP Parent Subsidiary (other than Merger Sub) is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list None of the MAMP SubsidiariesParent, together with (i) the respective jurisdiction of incorporation Merger Sub or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest heldany Parent Subsidiary, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Parent Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Realty Income Corp), Merger Agreement (American Realty Capital Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Maryland and Parent LP is a partnership duly organized, validly existing and in good standing under the laws of the State of Delaware and each has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of Parent and Parent LP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Sub is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsParent Material Adverse Effect.
(c) Each MAMP Parent Subsidiary (other than Merger Sub) is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list None of the MAMP SubsidiariesParent, together with (i) the respective jurisdiction of incorporation Parent LP, Merger Sub or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Parent Subsidiary directly or indirectly owns any interest in or of, or investment (in, whether equity or debt) in , any Person (other than equity interests in the MAMP Parent Subsidiaries and investments in short-term investment securitiessecurities set forth on Section 5.1(d) of the Parent Disclosure Letter).
Appears in 2 contracts
Sources: Merger Agreement (Thomas Properties Group Inc), Merger Agreement (Parkway Properties Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation Maryland corporation, duly incorporatedorganized, validly existing and in good standing under the Laws of the State state of Delaware and Maryland, has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Target Company Material Adverse Effect.
(b) The Operating Partnership is a Delaware limited partnership, duly organized, validly existing and in good standing under the Laws of the state of Delaware, has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. The Operating Partnership is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a Target Company Material Adverse Effect.
(c) Each Seller is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation organization or organizationincorporation, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conductedconducted except, for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Target Company Material Adverse Effect. Each Seller is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Target Company Material Adverse Effect.
(d) Schedule 2.1(dEach Target Company is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization or incorporation, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted except, for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Target Company Material Adverse Effect. Each Target Company is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a Target Company Material Adverse Effect.
(e) Section 4.1(e) of the Seller Disclosure Letter sets forth a true and complete list of the MAMP SubsidiariesSubsidiaries of the Target Companies and the Asset Sellers and any corporate or non-corporate Subsidiary in which any Target Company or any Asset Seller owns any direct or indirect voting, together with capital, profits or other beneficial interest (“Target Company Subsidiary”), including a list of each Target Company that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code, or a taxable REIT subsidiary within the meaning of Section 856(l) of the Code. Section 4.1(e) of the Seller Disclosure Letter also sets forth (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Target Company and Target Company Subsidiary and each Asset Seller, (ii) the type of and percentage of interest heldheld (including capital account balances for any entity treated as a partnership for Income Tax purposes), directly or indirectly, by MAMP the Company in each MAMP Target Company and in each Asset Seller, (iii) the names of and the type of and percentage of interest held (including capital account balances for any entity treated as a partnership for Income Tax purposes) by any Person other than the Company in each Target Company and in each Asset Seller, and (iv) the classification for United States federal Income Tax purposes of each Target Company and each Asset Seller. Following the consummation of the TRS Distribution, no Asset Seller will own any Target Company Subsidiary.
(ef) Neither MAMP nor any MAMP Subsidiary Except for interests in and loans to the Target Company Subsidiaries, no Target Company or Asset Seller, directly or indirectly indirectly, owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securitiesbank time deposits and money market accounts).
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Epr Properties), Purchase and Sale Agreement (CNL Lifestyle Properties Inc)
Organization and Qualification; Subsidiaries. (a) MAMP WinVest is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational corporate power and authority and any all necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted.
(b) Merger Sub I is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware and has the requisite power and authority and all necessary governmental approvals to own, lease and operate its properties and to carry on its business as it is now being conducted.
(c) Merger Sub II is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware and has the requisite power and authority and all necessary governmental approvals to own, lease and operate its properties and to carry on its business as it is now being conducted.
(d) Each of WinVest and the Merger Subs are duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures where the failure to be so qualified, qualified or licensed or and in good standing that, would not individually or in the aggregate, would not aggregate be reasonably be expected to have a MAMP WinVest Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary Merger Sub I and Merger Sub II are the only subsidiaries of WinVest. Except for the Merger Subs, WinVest does not directly or indirectly owns own any equity or similar interest in, or any interest convertible into or investment (whether exchangeable or exercisable for any equity or debt) in similar interest in, any Person (corporation, partnership, joint venture or business association or other than in the MAMP Subsidiaries and investments in short-term investment securities)person.
Appears in 2 contracts
Sources: Business Combination Agreement (WinVest Acquisition Corp.), Business Combination Agreement (WinVest Acquisition Corp.)
Organization and Qualification; Subsidiaries. (a) MAMP CCIT III is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP CCIT III is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CCIT III Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP CCIT III Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each CCIT III Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CCIT III Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the CCIT III Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the CCIT III Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which CCIT III and (ii) the type of CCIT III Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP CCIT III in each MAMP CCIT III Subsidiary, including a list of each CCIT III Subsidiary that is (i) a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”), (ii) a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and (iii) an entity taxable as a corporation under the Code that is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP CCIT III nor any MAMP CCIT III Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CCIT III Subsidiaries and investments in short-term investment securities).
(e) CCIT III has made available to CMFT complete and correct copies of the CCIT III Governing Documents, which are in full force and effect as of the date of this Agreement. Each of CCIT III and the CCIT III Operating Partnership is in compliance with the terms of its CCIT III Governing Documents. True and complete copies of CCIT III’s and the CCIT III Operating Partnership’s minute books, as applicable, since January 1, 2017 have been made available by CCIT III to CMFT.
(f) CCIT III has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CCIT III Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Cole Office & Industrial REIT (CCIT III), Inc.), Merger Agreement (Cim Real Estate Finance Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Seller is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the all requisite organizational corporate power and authority to carry on the CATV Business as currently conducted by it and to own or lease and operate the Purchased Assets. Seller is duly qualified to do business and is in good standing as a foreign corporation (in any necessary governmental authorization jurisdiction that recognizes such concept) in each jurisdiction where the ownership or operation of the Purchased Assets or the operation or conduct of the CATV Business requires such qualification, except where the failure to enter into this Agreement and be so qualified or in good standing, individually or in the other Transactions to which it is a party. The Operating Partnership aggregate, has not conducted had and could not reasonably be expected to have a Seller Material Adverse Effect.
(b) Schedule 3.2 sets forth a list of each Subsidiary of Seller that has title to any business and has no assetsPurchased Asset or any Assumed Liability, liabilities or obligations together with its jurisdiction of any nature other than organization. Except as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary on Schedule 3.2, each entity is duly organized, validly existing and in good standing (to the extent applicablein any jurisdiction that recognizes such concept) under the Laws of the its jurisdiction of its incorporation or organization, as the case may be, organization and has the all requisite organizational corporate or similar power and authority and any necessary governmental authorization to own, lease and, to and operate the extent applicable, operate its properties Purchased Assets and to carry on its portion of the CATV Business as presently conducted and is duly qualified to do business and is in good standing as it is now being conducteda foreign corporation or other entity (in any jurisdiction that recognizes such concept) in each jurisdiction where the ownership or operation of its properties and assets or the conduct of its business requires such qualification, except for such failures to be so qualifiedduly organized, licensed validly existing, qualified or in good standing that, individually or in the aggregate, would have not had and could not reasonably be expected to have a MAMP Seller Material Adverse Effect.
(d) . The Subsidiaries listed on Schedule 2.1(d) sets forth a true and complete list 3.2 are the only Affiliates of the MAMP SubsidiariesSeller that have title to any Purchased Asset or any obligation that is an Assumed Liability, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiarycase related to the CATV Business as currently conducted.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Asset Purchase Agreement (Emcore Corp), Asset Purchase Agreement (Agere Systems Inc)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation real estate investment trust duly incorporatedformed, validly existing and in good standing under the Laws of the State of Delaware Maryland and has the requisite organizational power and authority to own and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on conduct its business as it is now being conducted. MAMP Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a partyconduct its business as now being conducted. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Parent Significant Subsidiary is duly organized, validly existing and in good standing (with respect to the extent applicablejurisdictions which recognize such concept) under the Laws of the its jurisdiction of its incorporation or organization, as the case may be, organization and has the requisite organizational power and authority to own and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on conduct its business as it is now being conducted. Parent and each Parent Subsidiary is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for such failures those jurisdictions where the failure to be so qualified, qualified or licensed or to be in good standing thatwould not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. Parent has delivered to or made available to the Company, prior to the execution of this Agreement, true and complete copies of any amendments to the Parent Governing Documents not filed prior to the date of this Agreement with the SEC. Parent is in compliance with the terms of the Parent Governing Documents, except as has not had and would not reasonably be expected to have have, individually or in the aggregate, a MAMP Parent Material Adverse Effect.
(db) Schedule 2.1(dSection 5.1(b) of the Parent Disclosure Letter sets forth a true and complete list of the MAMP SubsidiariesSubsidiaries of Parent (each a “Parent Subsidiary”), together with (i) the respective jurisdiction of incorporation organization or organizationincorporation, as the case may be, of each MAMP Parent Subsidiary. Each Parent Subsidiary and, to Parent’s knowledge, each Parent Joint Venture, is in compliance in all material respects with the terms of its constituent organizational or governing documents, except as has not had and (ii) would not reasonably be expected to have, individually or in the type of and percentage of interest heldaggregate, directly or indirectly, by MAMP in each MAMP Subsidiarya Parent Material Adverse Effect.
(ec) Neither MAMP nor any MAMP Section 5.1(c) of the Parent Disclosure Letter sets forth a true and complete list of each Parent Subsidiary directly that is a REIT, a Qualified REIT Subsidiary or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)a Taxable REIT Subsidiary.
Appears in 2 contracts
Sources: Merger Agreement (Chambers Street Properties), Merger Agreement (Gramercy Property Trust Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Colonial is a corporation real estate investment trust duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Alabama and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Colonial is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Colonial Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Colonial Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Colonial Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Colonial Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the Colonial Subsidiaries and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Colonial in each MAMP Colonial Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the Colonial Disclosure Letter, neither Colonial nor any MAMP Colonial Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Colonial Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Colonial Realty Limited Partnership), Merger Agreement (Mid America Apartment Communities Inc)
Organization and Qualification; Subsidiaries. (a) MAMP Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Company is duly qualified or licensed to do businessbusiness as a foreign corporation, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.
(b) Each Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except where the failure to be so organized, validly existing or in good standing (to the extent applicable), or to have such power or authority, would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each Company Subsidiary is duly qualified or licensed to do business as a foreign corporation, company or partnership, as applicable, and is in good standing (with respect to jurisdictions that recognize such conceptthe extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that(to the extent applicable) that would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(bc) The Operating Partnership is duly organized, validly existing and in good standing under the Laws Section 4.1(c) of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set Company Disclosure Letter sets forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth all material respects a true and complete list of the MAMP Subsidiaries, together with (i) the each Company Subsidiary and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Company in each MAMP Company Subsidiary, including a list of each Company Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (each, a “Taxable REIT Subsidiary”).
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the Company Disclosure Letter, neither Company nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities).
(e) Except as set forth in Section 4.1(e) of the Company Disclosure Letter, Company has not exempted any Person from or waived any stock ownership limit or created or increased an Excepted Holder Limit (as defined in the Company Charter) under the Company Charter, which exemption or waiver is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Kite Realty Group, L.P.), Merger Agreement (Retail Properties of America, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Each of the Company and its subsidiaries is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction of its incorporation or organization, as the case may be, organization and has the all requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, except for such failures where the failure to be so qualifiedorganized, licensed or existing and in good standing thator to have such power and authority would not, individually or in the aggregate, would not reasonably be expected to have a MAMP material adverse effect on the business, assets, liabilities, results of operations, or financial condition of the Company and its subsidiaries, taken as a whole, but specifically excluding any adverse change in the general economy in the United States, any adverse change in the diagnostic industry generally, any adverse change arising from the transactions contemplated hereby and any adverse change resulting from any change in generally accepted accounting principles required to be made as a result of the issuance of a new accounting standard or change to an existing accounting standard (a "Material Adverse Effect").
(b) Each of the Company and its subsidiaries is duly qualified or licensed and in good standing to do business in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary, except where the failure to be so duly qualified or licensed and in good standing would not, individually or in the aggregate, have a Material Adverse Effect.
(c) The Company has heretofore furnished to Parent complete and correct copies of the Company's Memorandum of Association and Articles of Association, each as amended, and the equivalent organizational documents of each of its subsidiaries, each as amended to the date hereof. Such Memorandum of Association and Articles of Association and equivalent organizational documents are in full force and effect and no other organizational documents are applicable to or binding upon the Company or its subsidiaries. The Company is not in violation of any of the provisions of its Memorandum of Association or Articles of Association and no subsidiary of the Company is in violation of any of the provisions of such subsidiary's equivalent organizational documents.
(d) Schedule 2.1(d) sets forth The Company has heretofore furnished to Parent a true complete and complete correct list of all entities in which the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest heldCompany owns, directly or indirectly, by MAMP any equity or voting interest, which list sets forth the amount of capital stock of or other equity interests in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary such entities, directly or indirectly owns any indirectly. No entity in which the Company owns, directly or indirectly, less than a 50% equity interest is, individually or investment (whether equity or debt) in any Person (when taken together with all other than in such entities, material to the MAMP Subsidiaries business of the Company and investments in short-term investment securities)its subsidiaries, taken as a whole.
Appears in 2 contracts
Sources: Acquisition Agreement (International Murex Technologies Corp), Acquisition Agreement (Abbott Laboratories)
Organization and Qualification; Subsidiaries. (a) MAMP Except as set forth in Section 4.1 of the Disclosure Letter delivered by the Company to Parent concurrently with the execution hereof (the "Disclosure Letter") each of the Company and its subsidiaries is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction of its incorporation or organization, as the case may be, and has the all requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, except for such failures where the failure to be so qualifiedorganized, licensed or existing and in good standing thator to have such power and authority would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect (as defined in Section 9.9).
(b) Each of the Company and its subsidiaries is duly qualified or licensed and in good standing to do business in each jurisdiction (including any foreign country) in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary, except where the failure to be so duly qualified or licensed and in good standing would not, individually or in the aggregate, have a Material Adverse Effect.
(c) The Company has heretofore made available to Parent complete and correct copies of the Company's Articles of Incorporation and First Amended and Restated Bylaws and the equivalent organizational documents of each of its subsidiaries, each as amended to the date of this Agreement. Such Articles of Incorporation, Bylaws and equivalent organizational documents are in full force and effect and no other organizational documents are applicable to or binding upon the Company or its subsidiaries. The Company is not in violation of any of the provisions of its Articles of Incorporation or First Amended and Restated Bylaws and no subsidiary of the Company is in violation of any of the provisions of such subsidiary's equivalent organizational documents except, in each case, for such violations that would not, individually or in the aggregate, have a Material Adverse Effect.
(d) Schedule 2.1(d) sets forth The Company has heretofore furnished to Parent a true complete and complete correct list of all entities in which the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest heldCompany owns, directly or indirectly, by MAMP any equity or voting interest which is material to the Company, which list sets forth the amount of capital stock of or other equity interests in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary such entities, directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)indirectly.
Appears in 2 contracts
Sources: Merger Agreement (Dow Chemical Co /De/), Merger Agreement (Mycogen Corp)
Organization and Qualification; Subsidiaries. Each of the Company and each subsidiary of the Company (aeach, a "Subsidiary" and collectively, the "Subsidiaries") MAMP is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that which recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, except for such failures where the failure to be so qualifiedincorporated, licensed validly existing or in good standing thator to have such power or authority would not, individually or in the aggregate, have a Company Material Adverse Effect (as defined below). Each of the Company and each Subsidiary is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions which recognize such concept), in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures to be so qualified or licensed and in good standing that would not, individually or in the aggregate, have a Company Material Adverse Effect. The term "Company Material Adverse Effect" means any change in or effect on the Company and the Subsidiaries that is or is reasonably likely to be materially adverse to the business, results of operations or financial condition of the Company and the Subsidiaries taken as a whole, or to prevent or materially delay the consummation of the Merger; provided that for all purposes of this Agreement the occurrence of any of the following shall be deemed not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list : any change, effect, event or occurrence relating to or resulting from the execution of this Agreement or the consummation of the MAMP Subsidiariestransactions contemplated hereby or the announcement thereof except as expressly provided for otherwise in this Agreement, together with (i) any diminution in the respective jurisdiction amount of incorporation insurance or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment reinsurance business written (whether equity resulting from non-renewal by the other party or debt) otherwise), any termination or amendment of existing insurance or reinsurance programs written by any Subsidiary, any adverse development in any Person (other than claims reserves or in the MAMP Subsidiaries and investments in short-term investment securities).reserves for unrecoverable
Appears in 2 contracts
Sources: Merger Agreement (Fairfax Financial Holdings LTD/ Can), Merger Agreement (Tig Holdings Inc)
Organization and Qualification; Subsidiaries. (a) MAMP Each of Parent and Merger Sub is a corporation corporation, duly incorporated, organized and validly existing and in good standing under the Laws of the State jurisdiction of Delaware its incorporation and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties assets and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing thator to have such power that would not reasonably be expected to have, individually or in the aggregate, would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
. Each of Parent’s Subsidiaries (deach, a “Parent Subsidiary”) Schedule 2.1(dis a corporation or other legal entity duly organized, validly existing and in good standing (with respect to jurisdictions that recognize such concept) sets forth a true and complete list under the Laws of the MAMP Subsidiaries, together with (i) the respective jurisdiction of its incorporation or organizationorganization and has the requisite corporate or organizational, as the case may be, power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted, in each case, except as would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. Parent and each of its “significant subsidiaries” (as defined in Regulation S-X promulgated under the Securities Act) (each, a “Significant Parent Subsidiary”) and Merger Sub is duly qualified to do business and is in good standing (with respect to jurisdictions that recognize such concept) in each MAMP Subsidiary jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect.
(b) Parent has made available or caused to be made available to the Company true, correct and complete copies of (i) any amendments to the Amended and Restated Certificate of Incorporation of Parent (the “Parent Charter”) not filed prior to the date hereof with the SEC, (ii) the type Amended and Restated By-laws of Parent and percentage any amendments thereto (the “Parent Bylaws”) not filed prior to the date hereof with the SEC and (iii) the certificates of interest heldincorporation and bylaws, or equivalent organizational or governing documents, of each Significant Parent Subsidiary. Parent is in compliance in all material respects with the provisions of the Parent Charter and the Parent Bylaws.
(c) Neither the Parent nor any Parent Subsidiary, directly or indirectly, owns any Equity Interest in any Person other than the Parent Subsidiaries. All of the outstanding shares of capital stock of, or other Equity Interests in, each Parent Subsidiary have been duly authorized and validly issued and are fully paid and nonassessable and to the extent owned, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (Parent, are owned free and clear of all Liens, other than in the MAMP Subsidiaries and investments in short-term investment securities)Permitted Liens.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (William Lyon Homes), Merger Agreement (Taylor Morrison Home Corp)
Organization and Qualification; Subsidiaries. (a) MAMP REIT II is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of REIT II and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT II Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each REIT II Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT II Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the REIT II Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the REIT II Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which REIT II and (ii) the REIT II Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP REIT II in each MAMP REIT II Subsidiary, including a list of each REIT II Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary and each REIT II Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP REIT II nor any MAMP REIT II Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT II Subsidiaries and investments in short-term investment securities).
(e) REIT II has made available to REIT I complete and correct copies of the REIT II Governing Documents. Each of REIT II and REIT II Operating Partnership is in compliance with the terms of its REIT II Governing Documents in all material respects. True and complete copies of REIT II’s and REIT II Operating Partnership’s minute books, as applicable, have been made available by REIT II to REIT I. 40
(f) REIT II has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the REIT II Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Griffin Capital Essential Asset REIT II, Inc.), Merger Agreement (Griffin Capital Essential Asset REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Each of Guarantor, Parent and Merger Sub is a corporation duly incorporated, validly existing and in good standing (to the extent the concept of good standing exists in the applicable jurisdiction) under the Laws laws of the State its jurisdiction of Delaware incorporation and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease andand operate the properties it purports to own, to the extent applicable, lease and operate its properties and to carry on its business as it is now being conducted, except where the failure to be so organized, existing and in good standing or to have such power and authority would not reasonably be expected to have a Material Adverse Effect. MAMP Each of Guarantor, Parent and Merger Sub is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the its properties owned, leased or operated or leased by it or the nature of its business makes activities make such qualification, qualification or licensing or good standing necessary, except for such failures to be so qualified, duly qualified or licensed or and in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect. Parent has heretofore made available to the Company true and complete copies of Guarantor's Memorandum of Association and Bye-Laws, as amended to date (the "Guarantor Charter Documents").
(b) The Operating Partnership Each subsidiary of Guarantor is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is an entity duly organized, validly existing and in good standing (to the extent applicablethe concept of good standing exists in the applicable jurisdiction) under the Laws laws of the its jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational corporate or other power and authority and any necessary governmental authorization to own, lease andand operate the properties it purports to own, to the extent applicable, lease and operate its properties and to carry on its business as it is now being conducted, except for such failures where the failure to be so qualifiedorganized, licensed or existing and in good standing that, individually or in the aggregate, to have such power and authority would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth . Each subsidiary of Guarantor is duly qualified to do business as a true foreign corporation and complete list is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect. All of the MAMP Subsidiaries, together with (i) the Guarantor's significant subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than are included in the MAMP Subsidiaries and investments subsidiary list contained in shortGuarantor's Annual report on Form 10-term investment securities)K for the fiscal year ended September 30, 2000.
Appears in 2 contracts
Sources: Merger Agreement (Scott Technologies Inc), Merger Agreement (Scott Technologies Inc)
Organization and Qualification; Subsidiaries. (a) MAMP CMFT is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority to own, lease and any necessary governmental authorization operate its properties and to carry on its business as it is now being conducted. Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of CMFT and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMFT Material Adverse Effect.
(b) The Operating Partnership Each CMFT Subsidiary (i) is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and (ii) has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conductedconducted and (iii) is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMFT Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(ec) Neither MAMP CMFT nor any MAMP CMFT Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CMFT Subsidiaries and investments in short-term investment securities).
(d) CMFT has made available to CCPT V complete and correct copies of the CMFT Governing Documents, which are in full force and effect as of the date of this Agreement. Each of CMFT and the CMFT Operating Partnership is in compliance with the terms of its CMFT Governing Documents. True and complete copies of CMFT’s and the CMFT Operating Partnership’s minute books, as applicable, since January 1, 2017 have been made available by CMFT to CCPT V.
(e) CMFT has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CMFT Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Cole Credit Property Trust V, Inc.), Merger Agreement (Cole Office & Industrial REIT (CCIT III), Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP REIT I is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP REIT I is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT I Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT I Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a REIT I Material Adverse Effect. Each REIT I Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT I Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the REIT I Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the REIT I Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which REIT I and (ii) the REIT I Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP REIT I in each MAMP REIT I Subsidiary, including a list of each REIT I Subsidiary that is a "qualified REIT subsidiary" within the meaning of Section 856(i)(2) of the Code (each a "Qualified REIT Subsidiary") or a "taxable REIT subsidiary" within the meaning of Section 856(1) of the Code (each a "Taxable REIT Subsidiary") and each REIT I Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP REIT I nor any MAMP REIT I Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT I Subsidiaries and investments in short-term investment securities).
(e) REIT I is in compliance with the terms of the REIT I Governing Documents in all material respects.
(f) REIT I has not exempted any "Person" from the "Aggregate Share Ownership Limit" or the "Common Share Ownership Limit" or established or increased an "Excepted Holder Limit," as such terms are defined in the REIT I Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (MVP REIT, Inc.), Merger Agreement (MVP REIT II, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Merger Partnership is a limited partnership duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational partnership power and authority and any necessary governmental authorization to enter into this Agreement own, lease and, to the extent applicable, operate its properties and the other Transactions to which carry on its business as it is now being conducted. Merger Partnership is duly qualified or licensed to do business as a party. The Operating Partnership has foreign limited partnership, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not conducted any business had and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreementswould not reasonably be expected to have a Company Material Adverse Effect.
(c) Each MAMP Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(dSection 4.1(d) of the Company Disclosure Letter sets forth a true and complete list of the MAMP Company Subsidiaries, including a list of each Company Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (“Qualified REIT Subsidiary”), or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (“Taxable REIT Subsidiary”), together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and Company Subsidiary, including each jurisdiction in which each of the Company Subsidiaries is qualified or licensed to do business, (ii) the type of and percentage of interest heldheld (including capital account balances for any entity treated as a partnership for income tax purposes), directly or indirectly, by MAMP the Company or Merger Partnership in each MAMP Company Subsidiary, (iii) the names of and the type of and percentage of interest held (including capital account balances for any entity treated as a partnership for income tax purposes) by any Person other than the Company, Merger Partnership or any other Company Subsidiary in each Company Subsidiary, (iv) the classification for U.S. federal income tax purposes of each Company Subsidiary, and (v) each assumed name under which each of the Company Subsidiaries conducts business in any jurisdiction.
(e) Neither MAMP Except as set forth in Section 4.1(e) of the Company Disclosure Letter, neither the Company nor any MAMP Subsidiary Company Subsidiary, directly or indirectly indirectly, owns any interest or investment (whether equity or debt) in any Person (other than equity interests in the MAMP Company Subsidiaries and investments in short-term investment securitiesbank time deposits and money market accounts).
Appears in 2 contracts
Sources: Merger Agreement (Extra Space Storage Inc.), Merger Agreement (SmartStop Self Storage, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware and Florida, has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Parent is duly qualified or licensed to do businessbusiness as a foreign real estate investment trust, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that would not, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.
(b) Each Parent Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except where the failure to be so organized, validly existing or in good standing (to the extent applicable), or to have such power or authority, would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business as a foreign corporation, company or partnership, as applicable, and is in good standing (with respect to jurisdictions that recognize such conceptthe extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that(to the extent applicable) that would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Urstadt Biddle Properties Inc), Merger Agreement (Regency Centers Lp)
Organization and Qualification; Subsidiaries. (a) MAMP Each of the Company and its Subsidiaries is a corporation duly incorporated, or limited liability company validly existing and in good standing under the Laws of its respective jurisdiction of incorporation or formation, as listed on Schedule 2.1. The Company and each of its Subsidiaries other than the State of Delaware Designated Subsidiaries, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicableknowledge of the Company each of the Designated Subsidiaries, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed as a foreign corporation or foreign limited liability company to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in conduct business under the Laws of each jurisdiction where the character of the properties owned, leased or operated or leased by it it, or the nature of its business activities, makes such qualification, qualification or licensing or necessary and is in good standing necessaryin each such jurisdiction, except for such failures where the failure to be so qualified, licensed or in good standing thatstanding, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) . The Operating Partnership is duly organizedjurisdictions in which the Company and each of its Subsidiaries, validly existing other than the Designated Subsidiaries, and in good standing under to the Laws knowledge of the State Company each of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement Designated Subsidiaries, are qualified are listed on Schedule 2.1. Schedule 2.1 also lists all of the Company’s Subsidiaries and the other Transactions name and position(s) of each director and officer of the Company and each of its Subsidiaries. None of the Company nor any of its Subsidiaries, and to which it the knowledge of the Company, none of the Designated Subsidiaries, is a party. The Operating Partnership has not conducted any business and has no assets, liabilities in default under or obligations in violation of any nature other than as set forth provision of its Organizational Documents, and such Organizational Documents will continue in this Agreement and effect without further amendment through the Other Merger Agreements.
(c) Closing Date. Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction Company and its Subsidiaries has provided Buyer (via its virtual data room) complete and correct copies of its incorporation or organizationOrganizational Documents, each as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization amended to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effectdate.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Rock-Tenn CO), Merger Agreement (Rock-Tenn CO)
Organization and Qualification; Subsidiaries. (a) MAMP Section 4.1(a) of the MM Disclosure Letter sets forth a list of all of MM’s subsidiaries as of the date hereof (the “existing subsidiaries”) and all of the entities that will become direct or indirect subsidiaries of MM pursuant to the MM Reorganization (the “Reorg Subsidiaries”). All references to subsidiaries in this Article IV shall be deemed to include both existing subsidiaries and the Reorg Subsidiaries. Each of MM and its subsidiaries is a corporation duly incorporatedformed and organized, validly existing and in good standing under the Laws of the State jurisdiction of Delaware its formation or incorporation and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its assets and properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, Each of MM and its subsidiaries is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character possession of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any all Approvals necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, and operate the properties it purports to the extent applicableown, operate its properties or lease and to carry on its business as it is now being conducted, except for where the failure to have such failures to be so qualified, licensed or in good standing thatApprovals would not, individually or in the aggregate, would not have or reasonably be expected to have a MAMP MM Material Adverse Effect. Each of MM and its subsidiaries, as applicable, are duly qualified or licensed as a foreign corporation to do business, and are in good standing, in each jurisdiction where the character of the properties owned, leased or operated by such entity or the nature of its activities makes such qualification or licensing necessary, except for such failures to be so duly qualified or licensed and in good standing that would not, either individually or in the aggregate, have or reasonably be expected to have a MM Material Adverse Effect.
(db) Schedule 2.1(dMM has no subsidiaries except the subsidiaries set forth on Section 4.1(a) sets forth a true and complete list of the MAMP SubsidiariesMM Disclosure Letter and owns no debt, together with (iequity or other similar interest in any other Person except in such subsidiaries. Except as otherwise set forth in Section 4.1(a) of the respective jurisdiction MM Disclosure Letter, each of incorporation the subsidiaries set forth in Section 4.1(a) of the MM Disclosure Letter is wholly owned by MM or organizationwill be wholly owned by MM upon completion of the MM Reorganization. Except as required for, as or contemplated by, the case may beMM Reorganization, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP neither MM nor any MAMP Subsidiary of its subsidiaries have agreed, are obligated to make, or are bound by, any Contract, under which it may become obligated to make, any future investment in or capital contribution to any other Person. Neither MM nor any of its subsidiaries directly or indirectly owns own any equity or similar interest in or any interest convertible, exchangeable or investment (whether exercisable for, any equity or debt) in similar interest in, any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)Person.
Appears in 2 contracts
Sources: Merger Agreement (Majesco), Agreement and Plan of Merger (Cover All Technologies Inc)
Organization and Qualification; Subsidiaries. (a) MAMP TeleCorp is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware and has all the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP TeleCorp is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business activities makes such qualification, qualification or licensing or good standing necessary, except for such failures where the failure to be so qualified, licensed or in good standing thatqualified would not, individually or in the aggregate, would not reasonably be expected to have a MAMP TeleCorp Material Adverse Effect.
(b) The Operating Partnership All of the shares of capital stock of each Subsidiary (as defined in Section 10.4 below) of TeleCorp are owned by TeleCorp or by a Subsidiary of ------------ TeleCorp (other than director's qualifying shares in the case of foreign Subsidiaries), and are validly issued, fully paid and non-assessable, and there are no outstanding subscriptions, options, calls, contracts, voting trusts, proxies or other commitments, understandings, restrictions, arrangements, rights or warrants with respect any such Subsidiaries capital stock.
(c) Each Subsidiary of TeleCorp is a legal entity, duly incorporated or organized, validly existing and in good standing under the Laws laws of the State its respective jurisdiction of Delaware incorporation or organization and has all the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. Each Subsidiary of TeleCorp is duly qualified or licensed as a foreign corporation to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except for such failures where the failure to be so qualified, licensed or in good standing thatqualified would not, individually or in the aggregate, would not reasonably be expected to have a MAMP TeleCorp Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization and Contribution (Telecorp PCS Inc), Agreement and Plan of Reorganization and Contribution (Telecorp PCS Inc)
Organization and Qualification; Subsidiaries. (a) MAMP ARPI is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP ARPI is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP an ARPI Material Adverse Effect.
(b) The Operating Partnership Each ARPI Subsidiary is duly organized, a validly existing corporation, limited partnership or limited liability company, as the case may be, and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws Law of the jurisdiction of its incorporation incorporation, formation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP an ARPI Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the ARPI Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the ARPI Subsidiaries and their respective jurisdiction of incorporation incorporation, formation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP ARPI in each MAMP SubsidiaryARPI Subsidiary and the applicable ARPI Subsidiaries through which ARPI indirectly holds such interests.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the ARPI Disclosure Letter, neither ARPI nor any MAMP ARPI Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP ARPI Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (American Residential Properties, Inc.), Merger Agreement (American Homes 4 Rent)
Organization and Qualification; Subsidiaries. (a) MAMP SOR is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of SOR and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SOR Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP SOR Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each SOR Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SOR Material Adverse Effect.
(dc) Schedule 2.1(dSection 5.1(c) of the SOR Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the SOR Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which SOR and (ii) the type of SOR Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP SOR in each MAMP SOR Subsidiary, including a list of each SOR Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary and each SOR Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth on Section 5.1(d) of the SOR Disclosure Letter, neither SOR nor any MAMP SOR Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP SOR Subsidiaries and investments in short-term investment securities).
(e) SOR has made available to SOR II complete and correct copies of the SOR Governing Documents. Each of SOR, the SOR Operating Partnership and BVI is in compliance with the terms of its SOR Governing Documents in all material respects. True and complete copies of SOR’s and the SOR Operating Partnership’s minute books, as applicable, have been made available by SOR to SOR II.
(f) Except as set forth on Section 5.1(f) of the SOR Disclosure Letter, SOR has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the SOR Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.), Merger Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP CMR is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP CMR is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMR Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP CMR Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each CMR Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP CMR Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the CMR Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the CMR Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which CMR and (ii) the type of CMR Subsidiaries are qualified or licensed to do business, and the percentage of interest held, directly or indirectly, by MAMP CMR in each MAMP CMR Subsidiary, including a list of each CMR Subsidiary that is (i) a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”), (ii) a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and (iii) an entity taxable as a corporation under the Code that is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the CMR Disclosure Letter, neither CMR nor any MAMP CMR Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP CMR Subsidiaries and investments in short-term investment securities).
(e) CMR has made available to the CCI Parties complete and correct copies of the CMR Governing Documents, which are in full force and effect as of the date of this Agreement. Each of the CMR Parties is in compliance with the terms of its applicable CMR Governing Documents in all material respects. If and to the extent requested by the CCI Parties, true and complete copies of CMR’s minute books, since January 1, 2018, have been made available by CMR to CCI upon request.
(f) Except as set forth in Section 4.1(f) of the CMR Disclosure Letter, CMR has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the CMR Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Cottonwood Multifamily Reit Ii, Inc.), Merger Agreement (Cottonwood Communities, Inc.)
Organization and Qualification; Subsidiaries. (ai) MAMP MIC is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Delaware Maryland and has all requisite corporate power and authority to own, lease and operate its properties and assets and to conduct its business as now being conducted. MIC is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for those failures to be so qualified or licensed or to be in good standing as have not had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect.
(ii) MIC has delivered or made available to MIT, prior to the execution of this Agreement, a true, correct and complete list of the MIC Subsidiaries, together with (i) the jurisdiction of organization or incorporation, as the case may be, of each MIC Subsidiary, (ii) the type of and percentage of interest held, directly or indirectly, by MIC in each MIC Subsidiary and the name of the holder of each such interest, (iii) the names of and the type of and percentage of interest held by any person other than MIC or an MIC Subsidiary in each MIC Subsidiary, and (iv) the classification for U.S. federal income tax purposes of each MIC Subsidiary. Each MIC Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the laws of the jurisdiction of its organization and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties assets and to carry on its business as it is now being conducted, except for such those failures to be so qualifiedduly organized, licensed or validly existing and in good standing thator to have such power and authority as have not had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect. Each MIC Subsidiary is duly qualified or licensed to do business and is in good standing (to the extent applicable) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for those failures to be so qualified or licensed or to be in good standing as have not had, and would not reasonably be expected to have have, individually or in the aggregate, a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true material adverse effect. MIC has made available to MIT correct and complete list copies of the MAMP Subsidiaries, together with (i) the respective jurisdiction constituent organizational or governing documents of incorporation or organizationeach MIC Subsidiary, as in effect on the case may bedate of this Agreement. Each MIC Subsidiary is in compliance in all material respects with the terms of its constituent organizational or governing documents, except for such instances of each MAMP Subsidiary and (ii) the type of and percentage of interest heldnon-compliance, directly individually or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries aggregate, as have not had, and investments in short-term investment securities)would not reasonably be expected to have, a material adverse effect.
Appears in 2 contracts
Sources: Merger Agreement (Mobile Infrastructure Corp), Merger Agreement (Mobile Infrastructure Corp)
Organization and Qualification; Subsidiaries. (a) MAMP Each of the Company and its Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State its respective jurisdiction of Delaware organization and has the all requisite organizational corporate or similar power and authority to own, lease and any necessary governmental authorization operate its properties and assets and to enter into carry on its business as presently conducted and is duly qualified to do business and, where applicable as a legal concept, is in good standing as a foreign corporation in each jurisdiction where the ownership or operation of its assets or properties or conduct of its business requires such qualification, except where the failure to be so organized, qualified or in good standing, or to have such power or authority, when taken together with all other such failures, has not had, and is not reasonably expected to have, a Company Material Adverse Effect. The Company has made available to Parent a complete and correct copy of the Company’s and its Subsidiaries’ certificate of incorporation and by-laws (or equivalent governing instruments), each as amended to the date hereof. The Company’s and its Subsidiaries’ certificate of incorporation and by-laws (or equivalent governing instruments) so delivered are in full force and effect. The Company has made available to Parent correct and complete copies of the minutes of all meetings since January 1, 2003 of the stockholders, the Board of Directors of the Company (the “Company Board”) and each committee of the Company Board and each of its Subsidiaries approved through the date of this Agreement Agreement, other than such minutes specified on Section 5.1(a) of the Company Disclosure Schedule which the parties have agreed can be subject to redaction with respect to matters of attorney-client privilege and matters relating to the transactions contemplated hereby.
(b) Section 5.1(b) of the Company Disclosure Schedule contains a complete and accurate list of (x) each of the Company’s Subsidiaries and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assetsownership interest of the Company in each such Subsidiary, liabilities or obligations as well as the ownership interest of any nature other than as set forth Person or Persons in this Agreement each such Subsidiary and (y) each jurisdiction where the Other Merger AgreementsCompany and each of its Subsidiaries is organized and qualified to do business.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicableSection 5.1(c) under the Laws of the jurisdiction Company Disclosure Schedule contains a complete and accurate list of its incorporation any and all Persons not constituting Subsidiaries of the Company of which the Company directly or organizationindirectly owns an equity or similar interest, or an interest convertible into or exchangeable or exercisable for an equity or similar interest (collectively, the “Investments”).
(d) Except as set forth on Section 5.1(d) of the Company Disclosure Schedule, the Company or a Subsidiary of the Company, as the case may be, owns all Subsidiaries and has the requisite organizational power Investments free and authority and any necessary governmental authorization to ownclear of all liens, lease andpledges, to the extent applicablesecurity interests, operate its properties and to carry on its business as it is now being conductedclaims or other encumbrances (“Liens”), except for such failures Permitted Liens, and there are no outstanding contractual obligations of the Company or any of its Subsidiaries permitting the repurchase, redemption or other acquisition of any of its interest in any Subsidiary or Investment or requiring the Company or any of its Subsidiaries to be so qualifiedprovide funds to, licensed or in good standing that, individually or make any investment (in the aggregateform of a loan, would not reasonably be expected to have a MAMP Material Adverse Effectcapital contribution or otherwise) in, provide any guarantee with respect to, or assume, endorse or otherwise become responsible for the obligations of, any Subsidiary or Investment.
(d) Schedule 2.1(d) sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Symbol Technologies Inc), Merger Agreement (Motorola Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation an exempted company limited by shares, duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Delaware and Bermuda.
(b) The Company has the all requisite organizational corporate power and corporate authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business the Business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), business in each jurisdiction where the character ownership, leasing or operation of its properties or assets or the conduct of the properties owned, operated or leased by it or the nature of its business makes Business requires such qualification, licensing or good standing necessary, except for such failures where the failure to be so qualified, licensed qualified or in good standing thatstanding, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws . Each Subsidiary of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it Company (each, a “Company Subsidiary”) is a party. The Operating Partnership has not conducted any business and has no assets, liabilities company or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is legal entity duly organized, validly existing and in good standing (or the equivalent concept to the extent applicable) under the Laws of the jurisdiction of its incorporation or organizationorganization and has all requisite corporate or organizational, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified to do business in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except for such failures where the failure to be so qualified, licensed qualified or in good standing thatstanding, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(c) The Company has made available to Parent and the Purchaser accurate and complete copies of the Memorandum of Association of the Company (the “Company Memorandum”) and Bye-laws of the Company, as amended (the “Company Bye-Laws”), and the memorandum of association and bye-laws, or equivalent organizational or governing documents, of each Company Subsidiary, and each of these organizational and governing documents is in full force and effect. The Company is not in violation of the Company Memorandum or Company Bye-Laws, and no Company Subsidiaries are in material violation of their respective organizational or governing documents.
(d) Section 3.1(d) of the Company Disclosure Schedule 2.1(d) sets forth a true an accurate and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation organization or organizationincorporation, as the case may be, of each MAMP Subsidiary Company Subsidiary. Exhibit 4.8 to the Company’s Annual Report on Form 20-F for the fiscal year ended November 30, 2012 includes each of the Company Subsidiaries that are “significant subsidiaries” as defined in Rule 102(w) of Regulation S-X of the United States Securities and Exchange Commission (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities“SEC”).
Appears in 2 contracts
Sources: Merger Agreement (Xyratex LTD), Merger Agreement (Seagate Technology PLC)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Maryland, and Parent Operating Partnership is a partnership duly organized, validly existing and in good standing under the Laws of the State of Delaware and each has the requisite organizational power and authority and any necessary governmental authorization authorization, except for such failures to be so authorized that individually or in the aggregate have not had and would not reasonably be expected to have a Parent Material Adverse Effect, to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of Parent and Parent Operating Partnership is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating REIT Merger Sub is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Maryland and has the requisite organizational power and authority to carry on its business as it is now being conducted. REIT Merger Sub was formed solely for the purpose of engaging in the transactions contemplated by this Agreement.
(c) Partnership Merger Sub is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which carry on its business as it is a partynow being conducted. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations Merger Sub was formed solely for the purpose of any nature other than as set forth engaging in the transactions contemplated by this Agreement and the Other Merger AgreementsAgreement.
(cd) Section 5.1(d) of the Parent Disclosure Letter sets forth a true and complete list of the Parent Subsidiaries, together with (i) the jurisdiction of incorporation or organization, as the case may be, of each Parent Subsidiary, (ii) the type of and percentage of interest held, directly or indirectly, by Parent in each Parent Subsidiary, and (iii) the classification for U.S. federal income tax purposes of each Parent Subsidiary, including by identifying each Parent Subsidiary that is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary. Each MAMP Parent Subsidiary (other than REIT Merger Sub and Partnership Merger Sub) is duly organizedorganized or formed, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have certain power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect. Each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(d) Schedule 2.1(d) sets forth . There are no current dissolution, revocation or forfeiture proceedings regarding any Parent Subsidiary except as would not, individually or in the aggregate, reasonably be expected to have a true and complete list Parent Material Adverse Effect and, to the Parent’s knowledge, there are no grounds that currently exist for the administrative dissolution of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation Parent or organization, as the case may be, of each MAMP any Parent Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiaryany Governmental Authority.
(e) Neither MAMP nor None of Parent, Parent Operating Partnership, REIT Merger Sub, Partnership Merger Sub or any MAMP Parent Subsidiary directly or indirectly owns any interest in or of, or investment (in, whether equity or debt) in , any Person (other than equity interests in the MAMP Parent Subsidiaries and investments in short-term investment securitiessecurities set forth on Section 5.1(e) of the Parent Disclosure Letter).
Appears in 2 contracts
Sources: Merger Agreement (Global Net Lease, Inc.), Merger Agreement (Necessity Retail REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation corporation, duly incorporated, organized and validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties assets and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing thator to have such power that would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each of the Company’s Subsidiaries (each, a “Company Subsidiary”) is a corporation or other legal entity duly organized, validly existing and in good standing (with respect to jurisdictions that recognize such concept) under the Laws of the jurisdiction of its incorporation or organization and has the requisite corporate or organizational, as the case may be, power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted, in each case, except as would not reasonably be expected to have have, individually or in the aggregate, a MAMP Company Material Adverse Effect. The Company and each of its “significant subsidiaries” (as defined in Regulation S-X promulgated under the Securities Act) (each, a “Significant Company Subsidiary”) is duly qualified to do business and is in good standing (with respect to jurisdictions that recognize such concept) in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.
(db) Schedule 2.1(dThe Company has made available or caused to be made available to Parent true, correct and complete copies of (i) any amendments to the Third Amended and Restated Certificate of Incorporation of the Company (the “Company Charter”) not filed prior to the date hereof with the SEC, (ii) any amendments to the Amended and Restated Bylaws of the Company (the “Company Bylaws”) not filed prior to the date hereof with the SEC and (iii) the certificates of incorporation and bylaws, or equivalent organizational or governing documents, of each Significant Company Subsidiary. The Company is in compliance in all material respects with the provisions of the Company Charter and the Company Bylaws.
(c) Section 3.1(c) of the Company Disclosure Letter sets forth as of the date hereof a true true, correct and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation organization or organizationincorporation, as the case may be, of each MAMP Company Subsidiary. Neither the Company nor any Company Subsidiary, directly or indirectly, owns any Equity Interest in any Person other than the Company Subsidiaries. All of the outstanding shares of capital stock of, or other Equity Interests in, each Company Subsidiary have been duly authorized and (iivalidly issued and are fully paid and nonassessable. Except as set forth in Section 3.1(c) of the type Company Disclosure Letter, all of and percentage the outstanding shares of interest heldcapital stock of, or other Equity Interests in, each Company Subsidiary are owned, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (the Company free and clear of all Liens, other than in the MAMP Subsidiaries and investments in short-term investment securities)Permitted Liens.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (William Lyon Homes), Merger Agreement (Taylor Morrison Home Corp)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Parent is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(b) The Operating Partnership Merger Sub I is a limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Merger Sub I is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
(c) Merger Sub II is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Merger Sub II is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect.
(d) Schedule 2.1(d) sets forth The Partnership is a true limited partnership duly organized, validly existing and complete list in good standing under the laws of the MAMP SubsidiariesState of Delaware and has the requisite partnership power and authority and any necessary governmental authorization to own, together with (i) lease and, to the respective jurisdiction of incorporation extent applicable, operate its properties and to carry on its business as it is now being conducted. The Partnership is duly qualified or organizationlicensed to do business, as the case may beand is in good standing, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly jurisdiction where the character of the properties owned, operated or indirectly owns any interest leased by it or investment (whether equity the nature of its business makes such qualification, licensing or debt) good standing necessary, except for such failures to be so qualified, licensed or in any Person (other than good standing that, individually or in the MAMP Subsidiaries aggregate, have not had and investments in short-term investment securities)would not reasonably be expected to have a Parent Material Adverse Effect.
Appears in 2 contracts
Sources: Merger Agreement (Extra Space Storage Inc.), Merger Agreement (SmartStop Self Storage, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation real estate investment trust duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Partnership is a limited partnership, validly existing and in good standing under the laws of the State of Delaware and has the requisite limited partnership power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to have such power and authority that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. The Company is duly qualified or licensed to do businessbusiness as a foreign entity, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.
(b) Each Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except where the failure to be so organized, validly existing or in good standing (to the extent applicable), or to have such power or authority, would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each Company Subsidiary is duly qualified or licensed to do business as a foreign corporation, company or partnership, as applicable, and is in good standing (with respect to jurisdictions that recognize such conceptthe extent applicable), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that(to the extent applicable) that would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(bc) The Operating Partnership is duly organized, validly existing and in good standing under the Laws Section 4.1(c) of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(d) Schedule 2.1(d) Company Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, each Company Subsidiary together with (i) the percentage interest held, directly or indirectly, by the Company, and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the Company Disclosure Letter, neither the Company nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Kimco Realty Corp), Merger Agreement (RPT Realty)
Organization and Qualification; Subsidiaries. (a) MAMP Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland. Operating Partnership is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware. Each of Company and Operating Partnership has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Each of Company and Operating Partnership is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing (with respect to jurisdictions that recognize such concept) necessary, except for such failures to be so qualified, licensed or in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Company Subsidiary is duly organized, validly existing and in good standing (with respect to the extent applicablejurisdictions that recognize such concept) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing (with respect to jurisdictions that recognize such concept) necessary, except for such failures to be so qualified, licensed or in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Company Disclosure Letter sets forth a true and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and Company Subsidiary, (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Company in each MAMP Company Subsidiary, (iii) the names and percentage of interest held by any Person other than Company or a Company Subsidiary in each Company Subsidiary, and (iv) the classification for U.S. federal income Tax purposes of each Company Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the Company Disclosure Letter, neither Company, Operating Partnership nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities). With respect to each Person set forth on Section 4.1(d) of the Company Disclosure Letter, Section 4.1(d) of the Company Disclosure Letter sets forth the U.S. federal income tax status of such Person.
Appears in 2 contracts
Sources: Merger Agreement (Plymouth Industrial REIT, Inc.), Merger Agreement (Plymouth Industrial REIT, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and assets and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, business and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not have, and would not reasonably be expected to have have, a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws Each Subsidiary of the State of Delaware Company, including the Operating Partnership, and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and assets and to carry on its business as it is now being conducted. Each Subsidiary of the Company is duly qualified or licensed to do business and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not have, and would not reasonably be expected to have have, a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Company Disclosure Letter sets forth a true and complete list of the MAMP SubsidiariesSubsidiaries of the Company, together with (i) the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇, their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, the jurisdictions in which the Company and each Subsidiary of each MAMP Subsidiary and (ii) the Company are qualified or licensed to do business, the type of and percentage of interest held, directly or indirectly, by MAMP the Company or its Subsidiaries in each MAMP SubsidiarySubsidiary of the Company, and the classification for U.S. federal income tax purposes (including classification as a “qualified REIT subsidiary” within the meaning of 856(i)(2) of the Code, a “taxable REIT subsidiary” within the meaning of 856(l) of the Code, or a REIT under the applicable provisions of Section 856 of the Code, as applicable) of each Subsidiary of the Company.
(ed) Neither MAMP nor any MAMP Subsidiary Except as set forth in Section 4.1(d) of the Company Disclosure Letter, none of the Acquired Companies, directly or indirectly indirectly, owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries of the Company and investments in short-term investment securities).
(e) The Company has made available to Parent true, complete and correct copies of the Company Governing Documents, the Operating Partnership Governing Documents, the Governing Documents of ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ JV and the Governing Documents of the Company’s Subsidiaries, in each case as in effect as of the date of this Agreement and together with all amendments thereto. The Company is in compliance with the terms of its Company Governing Documents in all material respects. The Operating Partnership and the Company are each in compliance with the terms of the Operating Partnership Governing Documents in all material respects. The Company Governing Documents and Operating Partnership Governing Documents were duly adopted and are in full force and effect.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Rithm Capital Corp.), Merger Agreement (Paramount Group, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP ▇▇▇▇ is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP ▇▇▇▇ is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP ▇▇▇▇ Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP ▇▇▇▇ Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP ▇▇▇▇ Material Adverse Effect. Each ▇▇▇▇ Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a ▇▇▇▇ Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the ▇▇▇▇ Disclosure Letter sets forth forth, as of the date hereof, a true and complete list of the MAMP Subsidiaries, together with (i) the ▇▇▇▇ Subsidiaries and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP ▇▇▇▇ in each MAMP ▇▇▇▇ Subsidiary, including a list of each ▇▇▇▇ Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (“Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (“Taxable REIT Subsidiary”).
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the ▇▇▇▇ Disclosure Letter, neither ▇▇▇▇ nor any MAMP ▇▇▇▇ Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP ▇▇▇▇ Subsidiaries and investments in short-term money markets and bank time deposits) or otherwise made a loan as an investment securities)to any Person.
Appears in 2 contracts
Sources: Merger Agreement (Cole Credit Property Trust II Inc), Merger Agreement (Spirit Realty Capital, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Each of the Company and its Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent as applicable) under the Laws laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its assets and properties and to carry on its business as it is now being conducted, except for such failures where the failure to be do so qualified, licensed or in good standing thatwould not, individually or in the aggregate, would not reasonably be expected have a Company Material Adverse Effect. Neither the Company nor any of its Subsidiaries (i) has been dissolved, and there is no action or request pending to accomplish such dissolution, (ii) is involved in preparations for a merger as described in Section 2:309 of the DCC or its foreign equivalent (including a merger under the Israeli Companies Law, 1999), or (iii) has been declared bankrupt and no action or request is pending to declare the Company or any of its Subsidiaries bankrupt or obtain an official moratorium under Dutch or other applicable law. Each of the Company and its Subsidiaries is in possession of all Approvals necessary to own, lease and operate the assets and properties it purports to own, operate or lease and to carry on its business as it is now being conducted, except where the failure to have such Approvals would not, individually or in the aggregate, have a MAMP Company Material Adverse Effect. The Company and each of its Subsidiaries is and has been in compliance with the terms of the Approvals, except where the failure to be or have been in such compliance would not, individually or in the aggregate, result in a Company Material Adverse Effect.
(db) Schedule 2.1(dThe Company and each of its Subsidiaries is duly qualified or licensed to do business as a foreign corporation, and is in good standing, under the laws of all jurisdictions where the nature of their business requires such qualification, except where the failure to be so qualified or in good standing would not, individually or in the aggregate, have a Company Material Adverse Effect.
(c) Section 3.1(c) of the Company Disclosure Letter sets forth a true and complete list of the MAMP Subsidiariesname, together with (i) the respective jurisdiction of incorporation and authorized and outstanding capital of each of the Company's Subsidiaries and the jurisdictions in which each such Subsidiary is qualified to do business. All the outstanding capital stock of each of the Company's Subsidiaries is owned directly or organizationindirectly by the Company free and clear of all Encumbrances and all material claims or charges of any kind, and is validly issued, fully paid and nonassessable. Neither the Company nor any of its Subsidiaries has agreed nor is obligated to make nor is bound by any Contract, as of the case date hereof or as may behereafter be in effect under which it may become obligated to make, of each MAMP Subsidiary and (ii) any future investment in or capital contribution to any other entity. Other than the type of and percentage of interest heldCompany's interests in its Subsidiaries, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP neither the Company nor any MAMP Subsidiary of its Subsidiaries directly or indirectly owns any interest or investment (whether equity or debtsimilar interest in or any interest convertible, exchangeable or exercisable for, any equity or similar interest in, any corporation, partnership, joint venture or other business, association or entity.
(d) in All branches of the Company or any Person (other than of its Subsidiaries are properly registered with all relevant Governmental Entities, including tax authorities, and have complied with, and do comply with all applicable laws, rules and regulations, except where the failure to do so would not, individually or in the MAMP Subsidiaries and investments in short-term investment securities)aggregate, have a Company Material Adverse Effect.
Appears in 2 contracts
Sources: Offer Agreement (Hewlett Packard Co), Offer Agreement (Hewlett Packard Co)
Organization and Qualification; Subsidiaries. (a) MAMP is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership Cyberonics is duly organized, validly existing and in good standing under the Laws of the State its jurisdiction of Delaware organization and has the all requisite organizational corporate power and authority to carry on its business as presently conducted and any necessary governmental authorization is duly qualified or licensed to enter into this Agreement do business and is in good standing (where such concept is recognized under applicable Law) in each jurisdiction where the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, other Transactions than where the failure to which it is a party. The Operating Partnership be so qualified, licensed or in good standing has not conducted any business had and has no assetswould not reasonably be expected to have, liabilities individually or obligations in the aggregate, a Cyberonics Material Adverse Effect. Each of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary Cyberonics Subsidiaries is duly organized, validly existing and in good standing (to the extent applicablewhere such concept is recognized under applicable Law) under the Laws of the its jurisdiction of its incorporation or organization, as the case may be, organization and has the all requisite organizational corporate or similar power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it presently conducted and each of the Cyberonics Subsidiaries is now being conductedduly qualified or licensed to do business and is in good standing (where such concept is recognized under applicable Law) in each jurisdiction where the nature of its business or the ownership, except for leasing or operation of its properties makes such failures qualification or licensing necessary, other than where the failure to be so qualified, licensed or in good standing thathas not had and would not reasonably be expected to have, individually or in the aggregate, would not reasonably be expected to have a MAMP Cyberonics Material Adverse Effect.
(db) Schedule 2.1(d) sets forth a Cyberonics has made available to Sorin true and complete list copies of the MAMP SubsidiariesAmended and Restated Certificate of Incorporation, together with as amended, of Cyberonics (ithe “Cyberonics Charter”), the Amended and Restated Bylaws of Cyberonics (the “Cyberonics Bylaws”) and the respective jurisdiction certificates of incorporation and bylaws, or organization, as the case may beequivalent organizational documents, of each MAMP Subsidiary and (ii) the type of and percentage of interest heldCyberonics Significant Subsidiary, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP case as amended through, and in full force and effect, as of the date hereof, and neither Cyberonics nor any MAMP such Cyberonics Significant Subsidiary directly or indirectly owns is in violation of any interest or investment (whether equity or debt) in any Person (other than in of the MAMP Subsidiaries and investments in short-term investment securities)provisions of such documents.
Appears in 2 contracts
Sources: Transaction Agreement (Cyberonics Inc), Letter of Intent (Cyberonics Inc)
Organization and Qualification; Subsidiaries. (a) MAMP REIT III is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP REIT III is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT III Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP REIT III Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each REIT III Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP REIT III Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the REIT III Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the REIT III Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which REIT III and (ii) the REIT III Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP REIT III in each MAMP REIT III Subsidiary, including a list of each REIT III Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (each, a “Taxable REIT Subsidiary”) and each REIT III Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP REIT III nor any MAMP REIT III Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP REIT III Subsidiaries and investments in short-term investment securities).
(e) REIT III has made available to REIT II complete and correct copies of the REIT III Governing Documents. Each of REIT III and REIT III Operating Partnership is in compliance with the terms of its REIT III Governing Documents in all material respects. True and complete copies of REIT III’s minute book have been made available by REIT III to REIT II.
(f) REIT III has not exempted any “Person” from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the REIT III Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 2 contracts
Sources: Merger Agreement (Resource Real Estate Opportunity REIT II, Inc.), Merger Agreement (Resource Apartment REIT III, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP Parent is a corporation duly incorporated, incorporated and validly existing and in good standing under the Laws laws of the State of Delaware Delaware, and Merger Sub is a limited liability company duly organized and validly existing in good standing under the laws of the State of Delaware. Each of Parent and Merger Sub has the requisite organizational corporate power and authority and any necessary governmental authorization to own, own or lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP conducted and is duly licensed or qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), business in each jurisdiction where in which the nature of the business conducted by it or the character of the properties owned, operated owned or leased by it or the nature of its business makes such qualification, licensing or good standing qualification necessary, except for such failures where the failure to be so qualified, licensed or in good standing thatqualified would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
Effect on Parent (bas defined below). Each subsidiary of Parent (i) The Operating Partnership is duly organized, organized and validly existing and in good standing under the Laws laws of the State its jurisdiction of Delaware and organization, (ii) has the requisite organizational corporate or other business entity power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities own or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conductedconducted and (iii) is duly licensed or qualified to do business in each jurisdiction in which the nature of the business conducted by it or the character of the properties owned or leased by it makes such licensing or qualification necessary, in each case, except for such failures to be so qualified, licensed or in good standing thatas would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
. When used in connection with Parent or any of its subsidiaries, the term “Parent Material Adverse Effect” means a material adverse effect on the business, properties, financial condition or results of operations of Parent and its subsidiaries taken as a whole or on the ability of Parent and Merger Sub to consummate the transactions contemplated by this Agreement, except, in each case, for any such effect attributable to (di) Schedule 2.1(dgeneral economic, capital market, regulatory or political conditions, any outbreak of hostilities or war (including acts of terrorism), natural disasters or other force majeure events, in each case in the United States or elsewhere, provided, however, that any such condition or event which disproportionately impacts Parent or its subsidiaries taken as a whole, relative to other industry participants, may be considered to the extent of such disproportionate impact, (ii) sets forth changes in or events or conditions generally affecting the oil and gas exploration and development industry or exploration and production companies of a similar size to Parent (including changes in commodity prices and general market prices), (iii) changes in laws, regulations or GAAP or interpretations thereof, (iv) the announcement or pendency of this Agreement, any actions taken in compliance with this Agreement or the consummation of the Merger, (v) any failure by Parent to meet estimates of revenues or earnings for any period ending after the date of this Agreement, provided that this clause (v) does not prevent a determination that any underlying causes of such failure resulted in or contributed to a Parent Material Adverse Effect, (vi) fluctuations in currency exchange rates, (vii) the downgrade in rating of any debt securities of Parent by Standard & Poor’s Rating Group, ▇▇▇▇▇’▇ Investor Services, Inc. or Fitch Ratings, provided that this clause (vii) does not prevent a determination that any underlying causes of such downgrade resulted in or contributed to a Parent Material Adverse Effect or (viii) changes in the price or trading volume of Parent’s stock, provided that this clause (viii) does not prevent a determination that any underlying causes of such changes resulted in or contributed to a Parent Material Adverse Effect. A true and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).all Parent’s
Appears in 2 contracts
Sources: Merger Agreement (Pogo Producing Co), Merger Agreement (Plains Exploration & Production Co)
Organization and Qualification; Subsidiaries. (a) MAMP Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Company is duly qualified or licensed to do businessbusiness as a foreign corporation, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Company Subsidiary is duly qualified or licensed to do business as a foreign corporation, company or partnership, as applicable, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Company Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the Company Subsidiaries and their respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP Company in each MAMP Company Subsidiary, including a list of each Company Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (each, a “Taxable REIT Subsidiary”) and each Company Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Company nor any MAMP Company Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Company Subsidiaries and investments in short-term investment securities).
Appears in 2 contracts
Sources: Merger Agreement (Inland Diversified Real Estate Trust, Inc.), Merger Agreement (Kite Realty Group Trust)
Organization and Qualification; Subsidiaries. (a) MAMP SIR is a corporation duly incorporated, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP SIR is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SIR Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP SIR Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each SIR Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SIR Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the SIR Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the SIR Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which SIR and (ii) the SIR Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP SIR in each MAMP SIR Subsidiary, including a list of each SIR Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(1) of the Code (each a “Taxable REIT Subsidiary”) and each SIR Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP SIR nor any MAMP SIR Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP SIR Subsidiaries and investments in short-term investment securities).
(e) SIR has made available to STAR complete and correct copies of the SIR Governing Documents. Each of SIR and the SIR Operating Partnership is in compliance with the terms of its SIR Governing Documents in all material respects. True and complete copies of SIR’s and the SIR Operating Partnership’s minute books, as applicable, have been made available by SIR to STAR.
(f) SIR has not exempted any “Person” from the “Aggregate Share Ownership Limit” or the “Common Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the SIR Charter, which exemption or Excepted Holder Limit is currently in effect.
Appears in 1 contract
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation limited liability company duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware United Arab Emirates and has the requisite organizational limited liability company power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed as a foreign company or other organization to do business, and is in good standing (with respect to jurisdictions that recognize such concept), business in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business makes such qualification, qualification or licensing or good standing necessary, necessary (except for such failures to be so qualified, qualified or licensed or and in good standing that, individually or in the aggregate, that would not reasonably be expected to have a MAMP Company Material Adverse Effect) and is in good standing in each such jurisdiction.
(b) The Operating Partnership is Company does not own or control, directly or indirectly, any interest or other equity security in any corporation, partnership, limited liability company, association or other business entity, other than the interests in the subsidiaries of the Company set forth on Section 3.01(b)(i) of the Company Disclosure Schedule. Each of the Company’s subsidiaries has been duly incorporated, formed or organized, as applicable, and is validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the its jurisdiction of its incorporation incorporation, formation or organization, as the case may beapplicable, and has the requisite organizational corporate, limited liability company or other applicable business entity, as applicable, power and authority to own and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and assets and to carry on own its business as presently conducted. Each of the Company’s subsidiaries is duly qualified or licensed as a foreign corporation or other organization to do to do business do business in each jurisdiction where the character of the properties owned, leased or operated by it is now being conducted, or the nature of its business makes such qualification or licensing necessary (except for such failures to be so qualified, qualified or licensed or and in good standing that, individually or in the aggregate, that would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(dand is in good standing in each such jurisdiction. Except as set forth on Section 3.01(b)(ii) sets forth a true and complete list of the MAMP SubsidiariesCompany Disclosure Schedule, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary Company directly or indirectly owns any interest (beneficially and of record) good and valid title to all of the issued and outstanding interests or investment (whether other equity or debt) in any Person (securities of its subsidiaries, free and clear of all Liens other than restrictions on transfer set forth in such subsidiaries’ governing documents or those arising under applicable federal and state securities Laws. All equity securities of the MAMP Subsidiaries Company’s subsidiaries that are issued and investments outstanding have been duly authorized and validly issued in short-term investment securities)compliance with applicable Laws, are fully paid and nonassessable, and have not been issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or other similar right.
Appears in 1 contract
Sources: Business Combination Agreement (Fintech Ecosystem Development Corp.)
Organization and Qualification; Subsidiaries. (a) MAMP SSGT is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP SSGT is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SSGT Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP SSGT Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each SSGT Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP SSGT Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the SSGT Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the SSGT Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which SSGT and (ii) the SSGT Subsidiaries are qualified or licensed to do business, and the type of and percentage of interest held, directly or indirectly, by MAMP SSGT in each MAMP SSGT Subsidiary, including a list of each SSGT Subsidiary that is a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code (each a “Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (each a “Taxable REIT Subsidiary”) and each SSGT Subsidiary that is an entity taxable as a corporation which is neither a Qualified REIT Subsidiary nor a Taxable REIT Subsidiary.
(ed) Neither MAMP Except as set forth in Section 4.1(d) of the SSGT Disclosure Letter, neither SSGT nor any MAMP SSGT Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP SSGT Subsidiaries and investments in short-term investment securities).
(e) Each of SSGT and the SSGT Operating Partnership is in compliance in all material respects with the terms of its SSGT Governing Documents.
(f) No exemption from the “Aggregate Stock Ownership Limit” or the “Common Stock Ownership Limit” and no “Excepted Holder Limit,” as such terms are defined in the SSGT Charter, are currently in effect.
Appears in 1 contract
Sources: Merger Agreement (Strategic Storage Growth Trust, Inc.)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Delaware Maryland and has all requisite corporate power and authority to own, lease and operate its properties and assets and to conduct its business as now being conducted. The Company is duly qualified or licensed to do business and is in good standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for those failures to be so qualified or licensed or to be in good standing as have not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Except as set forth on Section 4.1(a) of the Company Disclosure Letter, the Company has delivered to or made available to Parent and Merger Sub, prior to the execution of this Agreement, true, correct and complete copies of (i) the Company Governing Documents, as in effect on the date hereof and (ii) the minutes and other records of the meetings and other proceedings (including any actions taken by written consent or otherwise without a meeting) of the holders of Company Common Stock, the Company Board and all committees of the Company Board, in each case since January 1, 2011 through August 30, 2014. The Company is in compliance with the terms of the Company Governing Documents.
(b) Section 4.1(b) of the Company Disclosure Letter sets forth, as of the date hereof, a true, correct and complete list of the Company Subsidiaries, together with (i) the jurisdiction of organization or incorporation, as the case may be, of each Company Subsidiary, (ii) the type of and percentage of interest held, directly or indirectly, by the Company in each Company Subsidiary and the name of the holder of each such interest, (iii) the names of and the type of and percentage of interest held by any Person other than the Company or a Company Subsidiary in each Company Subsidiary, and (iv) the classification for U.S. federal income tax purposes of each Company Subsidiary. Each Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its organization and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties assets and to carry on its business as it is now being conducted, except for such those failures to be so qualifiedduly organized, licensed or validly existing and in good standing thator to have such power and authority as have not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each Company Subsidiary is duly qualified or licensed to do business and is in good standing (to the extent applicable) in each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except for those failures to be so qualified or licensed or to be in good standing as have not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Except as set forth on Section 4.1(b) of the Company Disclosure Letter, the Company has made available to Parent correct and complete copies of (i) the constituent organizational or governing documents of each Company Subsidiary, as in effect on the date of this Agreement, and (ii) the minutes and other records of the meetings and other proceedings (including any actions taken by written consent or otherwise without a meeting) of the holders of any Company Equity Interests of such Company Subsidiary and the board of directors (or other governing body or Person(s) performing similar functions) of such Company Subsidiary and all committees thereof, in each case since January 1, 2011 through August 30, 2014. Each Company Significant Subsidiary is in compliance in all material respects with the terms of its constituent organizational or governing documents. Each other Company Subsidiary is in compliance with the terms of its constituent organizational or governing documents, except for such instances of non-compliance, individually or in the aggregate, as have not had, and would not reasonably be expected to have, a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Company Disclosure Letter sets forth forth, as of the date hereof, a true true, correct and complete list of each Company Subsidiary that is a "qualified REIT subsidiary" within the MAMP Subsidiaries, together with meaning of Section 856(i)(2) of the Code (i"Qualified REIT Subsidiary") or a "taxable REIT subsidiary" within the respective jurisdiction meaning of incorporation or organization, as Section 856(l) of the case may be, of each MAMP Subsidiary and Code (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP "Taxable REIT Subsidiary").
(ed) Neither MAMP nor Except as set forth in Section 4.1(d) of the Company Disclosure Letter, the Company has not exempted any MAMP Subsidiary directly "Person" from the "Aggregate Share Ownership Limit" or indirectly owns any interest the "Common Share Ownership Limit" or investment (whether equity established or debt) in any Person (other than increased an "Excepted Holder Limit," as such terms are defined in the MAMP Subsidiaries and investments Company Charter, which exemption or Excepted Holder Limit is currently in short-term investment securities)effect.
Appears in 1 contract
Organization and Qualification; Subsidiaries. (a) MAMP The Company (i) -------------------------------------------- is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State state of Delaware and has the requisite organizational corporate power and authority and any necessary governmental authorization authority to own, operate or lease and, the properties that it purports to the extent applicableown, operate its properties or lease and to carry on its business as it is now being conducted. MAMP , and (ii) is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each other jurisdiction where the character of the its properties owned, operated or leased by it or the nature of its business activities makes such qualification, licensing or good standing qualification necessary, except in the case of clause (ii) for failures which, when taken together with all other such failures to be so qualifiedfailures, licensed or in good standing thatwould not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership Exhibit 21 to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2000 lists each of the Company's Subsidiaries. Each of the Company's Subsidiaries is a corporation, partnership or limited liability company duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the its jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power corporate, partnership or similar powers and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate own its properties and to carry on its business as it is now being conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, except for jurisdictions in which such failures failure to be so qualified, licensed qualified or to be in good standing thatwould not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true and complete list . The Company owns, directly or indirectly, all of the MAMP outstanding shares of capital stock (or other ownership interests having by their terms ordinary voting power to elect a majority of directors or others performing similar functions with respect to such Subsidiaries) of each of the Company's Subsidiaries, together with free and clear of all Liens. Each of the outstanding shares of capital stock (or such other ownership interests) of each of the Company's Subsidiaries is duly authorized, validly issued, fully paid and nonassessable. For the purposes of this Agreement, (i) the respective jurisdiction term "Subsidiary" ---------- means any corporation or other legal entity of incorporation which the Company (either alone or organizationthrough or together with any other Subsidiary) owns, as directly or indirectly, more than 50% of the case may bestock or other equity interests the holders of which are generally entitled to vote for the election of the board of directors or other governing body of such corporation or other legal entity, of each MAMP Subsidiary and (ii) the type term "Company Material Adverse Effect" means any change, effect, event or condition ------------------------------- that has been or would be materially adverse to the business, assets, properties (including intangible properties), condition (financial or otherwise), results of operations or liabilities of the Company and percentage of interest heldits Subsidiaries, directly taken as a whole; provided that any adverse effect or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary directly change after the date hereof to the extent it results from conditions generally affecting the wine industry or indirectly owns any interest or investment (whether equity or debt) in any Person (other than grape growing areas in the MAMP Subsidiaries United States shall not constitute a Company Material Adverse Effect. The Company has previously delivered to Parent a complete and investments correct copy of the Company's and each of its Subsidiaries' Certificate of Incorporation and By-Laws, as currently in short-term investment securities)effect.
Appears in 1 contract
Sources: Merger Agreement (Beringer Wine Estates Holdings Inc)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporatedorganized, validly existing and in good standing active status under the Laws of the State of Delaware Wisconsin, a registered bank holding company under the BHCA and has a financial holding company under the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conductedGLB Act. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character Each subsidiary of the properties ownedCompany (a “Company Subsidiary,” or collectively the “Company Subsidiaries”) is a bank, operated corporation, limited liability company or leased by it or the nature other form of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is entity duly organized, validly existing and in good standing under the Laws of the State state of Delaware its incorporation or organization or the United States of America. Each of the Company and the Company Subsidiaries has the requisite organizational power and authority and any is in possession of all Consents and Orders (“Company Approvals”) necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, including appropriate authorizations from the Federal Reserve Board, the FDIC, the DFI, the Office of Thrift Supervision (the “OTS”) and the Office of Comptroller of the Currency (“OCC”), and neither the Company nor any Company Subsidiary has received any notice of Proceedings relating to the revocation or modification of any Company Approvals, except for such failures in each case where the revocations or modifications, the failure to be so qualifiedorganized, licensed or existing and in good standing thator to have such power, individually authority or in the aggregate, Company Approvals would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(db) Schedule 2.1(d) sets forth The Company and each Company Subsidiary is duly qualified or licensed as a true foreign business entity to do business, and complete list is in good standing, in each jurisdiction where the character of the MAMP Subsidiariesproperties owned, together with (i) leased or operated by it or the respective jurisdiction nature of incorporation its business makes such qualification or organizationlicensing necessary, as except for such jurisdictions in which the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly failure to be so qualified or indirectly, by MAMP in each MAMP Subsidiarylicensed would not have a Company Material Adverse Effect.
(ec) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) As used in any Person (other than in this Agreement, the MAMP Subsidiaries and investments in short-term investment securities).“
Appears in 1 contract
Sources: Agreement and Plan of Merger (Marshall & Ilsley Corp/Wi/)
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation limited liability company duly incorporatedformed, validly existing and in good standing under the Laws of the State its jurisdiction of Delaware formation and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Company Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, organization and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(dc) Schedule 2.1(d3.1(c) sets forth a true and complete list of the MAMP Company Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Company Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP the Company in each MAMP Company Subsidiary.
(ed) Neither MAMP nor any MAMP Subsidiary Except as set forth on Schedule 3.1(d), the Company does not directly or indirectly owns own any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)Person.
Appears in 1 contract
Organization and Qualification; Subsidiaries. (a) MAMP Frontier is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware and has the requisite organizational corporate power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Texas and has the requisite limited liability company power and authority to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each of Frontier and Merger Sub is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Frontier Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Frontier Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. Each Frontier Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Frontier Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Frontier Disclosure Letter sets forth a true and complete list of the MAMP Subsidiaries, together with (i) the Frontier Subsidiaries and their respective jurisdiction jurisdictions of incorporation or organization, as the case may be, of each MAMP Subsidiary the jurisdictions in which Frontier and (ii) the Frontier Subsidiaries are qualified or licensed to do business, the type of and percentage of interest held, directly or indirectly, by MAMP Frontier (or another Frontier Subsidiary) in each MAMP Frontier Subsidiary and any interest in any Frontier Subsidiary held, directly or indirectly, by any Person other than Frontier or another Frontier Subsidiary.
(ed) Neither MAMP Frontier nor any MAMP Frontier Subsidiary directly or indirectly owns any equity interest or investment (whether equity or debt) in any Person (other than in the MAMP Frontier Subsidiaries and investments in short-term investment securities).
(e) Frontier has made available to Cowboy complete and correct copies of the Frontier Governing Documents. Frontier is in compliance with the terms of its Frontier Governing Documents in all material respects.
Appears in 1 contract
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporatedorganized, validly existing and in good standing under the Laws of the State of Delaware Florida and has the requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. MAMP The Company is duly qualified or licensed as a foreign corporation to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, leased or operated or leased by it or the nature of its business makes such qualification, qualification or licensing or good standing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(b) The Operating Partnership Section 4.01(b) of the Company Disclosure Schedule sets forth a complete and correct list of each Subsidiary of the Company, its place and form of organization and schedule of stockholders (or comparable equity holders). Except as disclosed in Section 4.01(b) of the Company Disclosure Schedule, each of the Subsidiaries of the Company is wholly owned by the Company, directly or indirectly, free and clear of any Liens (other than Permitted Liens). Each Subsidiary of the Company has been duly organized, is validly existing and (where applicable) in good standing under the Laws laws of the State its jurisdiction of Delaware organization and has the requisite all organizational power powers and authority and any all necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted. Each such Subsidiary is duly qualified to do business as a foreign entity and (where applicable) is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures to be so qualified, qualified or licensed or and in good standing thatthat would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(d) Schedule 2.1(d) sets forth a true . The Company and complete list of the MAMP Subsidiaries, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP nor any MAMP Subsidiary its Subsidiaries do not directly or indirectly owns own, and have never owned, any equity or similar interest in, or any interest convertible into or investment (whether exchangeable or exercisable for any equity or debt) in similar interest in, any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)corporation, partnership, joint venture or business association or other Person.
Appears in 1 contract
Sources: Business Combination Agreement (Insight Acquisition Corp. /DE)
Organization and Qualification; Subsidiaries. Each of Parent, Merger Sub and each other subsidiary of Parent (atogether with Merger Sub, the "Parent Subsidiaries") MAMP is a corporation has been duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, organized and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational corporate power and authority and any all necessary governmental authorization approvals to own, lease and, to the extent applicable, and operate its properties and to carry on its business as it is now being conducted, except for such failures where the failure to be so qualifiedorganized, licensed existing or in good standing thator to have such power, authority and governmental approvals would not, individually or in the aggregate, would not reasonably be expected to have a MAMP Parent Material Adverse Effect.
. Each of Parent and each Parent Subsidiary is duly qualified or licensed to do business, and is in good standing (dto the extent applicable), in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except for such failures to be so qualified or licensed and in good standing that would not, individually or in the aggregate, have any change in or effect on the business of Parent and the Parent Subsidiaries that is, or is reasonably likely to be, materially adverse to the business, assets (including intangible assets), liabilities (contingent or otherwise), condition (financial or otherwise) or results of operations of Parent and the Parent Subsidiaries taken as a whole (a "Parent Material Adverse Effect"). Section 4.01(a) of the Disclosure Schedule 2.1(ddelivered by Parent to the Company prior to the execution of this Agreement (the "Parent Disclosure Schedule") sets forth a true complete and complete correct list of all of Parent Subsidiaries. Except as set forth in Section 4.01(b) of the MAMP SubsidiariesParent Disclosure Schedule, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiary.
(e) Neither MAMP neither Parent nor any MAMP Parent Subsidiary directly or indirectly owns holds any interest or investment (whether equity or debt) in any Person (corporation, limited liability company, partnership, joint venture or other than in the MAMP Subsidiaries and investments in short-term investment securities)legal entity of any kind.
Appears in 1 contract
Organization and Qualification; Subsidiaries. (a) MAMP The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger AgreementsDelaware.
(cb) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and The Company has the all requisite organizational corporate power and corporate authority and any necessary governmental authorization to own, lease and, to the extent applicable, and operate its properties and assets and to carry on its business as it is now being conducted. The Company is duly qualified to do business and, to the extent such concept is applicable, is in good standing in each jurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except for such failures where the failure to be so qualified, licensed qualified or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Company Material Adverse Effect.
(c) The Company has made available to Parent accurate and complete copies of the Second Amended and Restated Certificate of Incorporation of the Company (as amended, the “Company Charter”) and Fourth Amended and Restated Bylaws of the Company (as amended, the “Company Bylaws”), each as in effect as of the date of this Agreement. The Company is not in violation of the Company Charter or the Company Bylaws in any material respect.
(d) As of the date of this Agreement, Section 3.1(d) of the Company Disclosure Schedule 2.1(d) sets forth a true and complete list of each Subsidiary of the MAMP SubsidiariesCompany, together with (i) including its name, type of entity and jurisdiction of its organization. Each such Subsidiary is a corporation or limited liability company, duly formed or organized, validly existing and, to the respective extent such concept is applicable, in good standing under the Laws of its jurisdiction of incorporation or organization. Each such Subsidiary has all requisite corporate or limited liability company power and authority to own, lease and operate its respective properties and assets and to carry on its respective businesses as they are now being conducted. Each such Subsidiary is duly qualified to do business and, to the case may beextent such concept is applicable, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in good standing in each MAMP Subsidiary.
(ejurisdiction where the ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Company Material Adverse Effect. Except as set forth in Section 3.1(d) Neither MAMP of the Company Disclosure Schedules, neither the Company nor any MAMP Subsidiary directly of its Subsidiaries owns or indirectly owns holds the right to acquire any stock, partnership interest or investment (whether equity joint venture interest or debt) other Equity Interest in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities)Person.
Appears in 1 contract
Sources: Agreement, Plan of Conversion and Plan of Merger (Mesa Air Group Inc)
Organization and Qualification; Subsidiaries. (a) MAMP TriQuint is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and to carry on its business as it is now being conducted. MAMP is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept), in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, would not reasonably be expected to have a MAMP Material Adverse Effect.
(b) The Operating Partnership is duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the all requisite organizational corporate power and authority to carry on its business (including, without limitation, the Optoelectronics Business) as currently conducted by it and to own or lease and operate its assets (including, without limitation, the Purchased Assets). TriQuint is duly qualified to do business and is in good standing as a foreign corporation (in any necessary governmental authorization jurisdiction that recognizes such concept) in each jurisdiction where the ownership or operation of the Purchased Assets or the operation or conduct of the Optoelectronics Business requires such qualification, except where the failure to enter into this Agreement and be so qualified or in good standing, individually or in the other Transactions to which it is a party. The Operating Partnership aggregate, has not conducted had and could not reasonably be expected to have a Seller Material Adverse Effect.
(b) Schedule 3.1(b) sets forth a list of each Affiliate of Seller that has title to any business and has no assets, liabilities Purchased Asset or obligations of any nature other than an obligation for an Assumed Liability. Except as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP on Schedule 3.1(b), each Subsidiary is duly organized, validly existing and in good standing (to the extent applicablein any jurisdiction that recognizes such concept) under the Laws of the its jurisdiction of its incorporation or organization, as the case may be, organization and has the all requisite organizational corporate or similar power and authority and any necessary governmental authorization to own, lease and, to and operate the extent applicable, operate its properties Purchased Assets owned by it and to carry on its portion of the Optoelectronics Business as presently conducted and is duly qualified to do business and is in good standing as it is now being conducteda foreign corporation or other entity (in any jurisdiction that recognizes such concept) in each jurisdiction where the ownership or operation of its properties and assets or the conduct of its business requires such qualification, except for such failures to be so qualifiedduly organized, licensed validly existing, qualified or in good standing that, individually or in the aggregate, would have not had and could not reasonably be expected to have a MAMP Seller Material Adverse Effect.
(d. The Subsidiaries listed on Schedule 3.1(b) Schedule 2.1(d) sets forth a true and complete list are the only Affiliates of the MAMP SubsidiariesSeller that have title to any Purchased Asset or any obligation that is an Assumed Liability, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and (ii) the type of and percentage of interest held, directly or indirectly, by MAMP in each MAMP Subsidiarycase related to the Optoelectronics Business as currently conducted.
(e) Neither MAMP nor any MAMP Subsidiary directly or indirectly owns any interest or investment (whether equity or debt) in any Person (other than in the MAMP Subsidiaries and investments in short-term investment securities).
Appears in 1 contract
Sources: Asset Purchase Agreement (Triquint Semiconductor Inc)
Organization and Qualification; Subsidiaries. (a) MAMP Starwood Waypoint is a corporation real estate investment trust duly incorporatedorganized, validly existing and in good standing under the Laws laws of the State of Delaware Maryland and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and assets and to carry on its business as it is now being conducted. MAMP Starwood Waypoint is duly qualified or licensed to do business, and is in good standing (with respect to jurisdictions that recognize such concept)standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Starwood Waypoint Material Adverse Effect.
(b) The Operating Partnership Each Starwood Waypoint Subsidiary is duly incorporated or organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite organizational power and authority and any necessary governmental authorization to enter into this Agreement and the other Transactions to which it is a party. The Operating Partnership has not conducted any business and has no assets, liabilities or obligations of any nature other than as set forth in this Agreement and the Other Merger Agreements.
(c) Each MAMP Subsidiary is duly organized, validly existing and in good standing (to the extent applicable) under the Laws of the jurisdiction of its incorporation or organization, as the case may be, and has the requisite organizational power and authority and any necessary governmental authorization to own, lease and, to the extent applicable, operate its properties and assets and to carry on its business as it is now being conducted, except for such failures to be so organized, in good standing or have such power and authority that, individually or in the aggregate, have not had and would not reasonably be expected to have a Starwood Waypoint Material Adverse Effect. Each Starwood Waypoint Subsidiary is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, operated or leased by it or the nature of its business makes such qualification, licensing or good standing necessary, except for such failures to be so qualified, licensed or in good standing that, individually or in the aggregate, have not had and would not reasonably be expected to have a MAMP Starwood Waypoint Material Adverse Effect.
(dc) Schedule 2.1(dSection 4.1(c) of the Starwood Waypoint Disclosure Letter sets forth a true and complete list of Starwood Waypoint Subsidiaries, including a list of each Starwood Waypoint Subsidiary that is a “qualified REIT subsidiary” within the MAMP Subsidiariesmeaning of Section 856(i)(2) of the Code (“Qualified REIT Subsidiary”) or a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (“Taxable REIT Subsidiary”) for U.S. federal income tax purposes, together with (i) the respective jurisdiction of incorporation or organization, as the case may be, of each MAMP Subsidiary and Starwood Waypoint Subsidiary, (ii) the type of and percentage of voting, equity, profits, capital and other beneficial interest held, directly or indirectly, by MAMP Starwood Waypoint in and to each Starwood Waypoint Subsidiary, (iii) the names of and the type of and percentage of voting, equity, profits, capital and other beneficial interest held by any Person other than Starwood Waypoint or a Starwood Waypoint Subsidiary in each MAMP Starwood Waypoint Subsidiary and (iv) the classification for U.S. federal income tax purposes of each Starwood Waypoint Subsidiary.
(ed) Neither MAMP nor any MAMP Subsidiary Except as set forth in Section 4.1(d) of the Starwood Waypoint Disclosure Letter, no Starwood Waypoint Entity, directly or indirectly indirectly, owns any interest or investment (whether equity or debt) in any Person (other than equity interests in Starwood Waypoint Subsidiaries, loans to any Taxable REIT Subsidiary of Starwood Waypoint, investments in bank time deposits and money market accounts).
(e) Except as set forth in Section 4.1(e) of the Starwood Waypoint Disclosure Letter, Starwood Waypoint has not exempted any “Person” from the “Share Ownership Limit” or established or increased an “Excepted Holder Limit,” as such terms are defined in the MAMP Subsidiaries Declaration of Trust of Starwood Waypoint (the “Starwood Waypoint Declaration of Trust”), which exemption or Excepted Holder Limit is currently in effect.
(f) There are no partners of Starwood Waypoint LP other than as set forth on Section 4.1(f) of the Starwood Waypoint Disclosure Letter. Section 4.1(f) of the Starwood Waypoint Disclosure Letter sets forth the number of partnership units held by each partner in Starwood Waypoint LP. Starwood Waypoint GP, Inc., a Delaware corporation and investments a wholly owned subsidiary of Starwood Waypoint, is the sole general partner of Starwood Waypoint LP.
(g) Starwood Waypoint has made available to Invitation Homes complete and correct copies of (i) the Starwood Waypoint Declaration of Trust and the Starwood Waypoint Bylaws, each as amended or supplemented to date, and (ii) the Starwood Waypoint LP Agreement, as in short-term investment securities)effect on the date of this Agreement.
Appears in 1 contract