Organization; Capitalization. (a) Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own or lease the properties used in its business and to carry on such business as presently conducted.
Appears in 2 contracts
Samples: Asset Purchase Agreement (WQN, Inc.), Asset Purchase Agreement (Voip Inc)
Organization; Capitalization. (a) Seller is a corporation limited partnership duly organizedformed, validly existing and in good standing under the laws Laws of the State of Delaware Delaware, and has all requisite power and authority to own or own, operate and lease the properties used in its assets and to conduct its business as and to carry on where such business as presently is now conducted. Seller is the only member of the Company and is record and beneficial owner of all of the Interest.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (Inergy Midstream, L.P.)
