Organization, Existence and Good Standing. Section 3.1 of the Disclosure Schedule lists each Target Company, together with its jurisdiction of organization or formation. Each Target Company has been duly organized or formed, and is in good standing, where applicable, under the Laws of the jurisdiction of its organization or formation. Each Target Company has full limited liability company power and authority to own all of its properties and assets and to carry on its business as presently conducted, and is qualified, registered or licensed as a foreign limited liability company and is in good standing (where applicable) in all jurisdictions where the nature of its business or the nature and location of its assets requires such qualification, registration or license, except where the failure to be so qualified, registered or licensed would have a Material Adverse Effect.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Outdoor Products Spinco Inc.), Agreement and Plan of Merger (Outdoor Products Spinco Inc.), Agreement and Plan of Merger (Vista Outdoor Inc.)
