Organization Form Sample Clauses
The Organization Form clause defines the legal structure and status of a party entering into an agreement, such as whether it is a corporation, partnership, limited liability company, or another entity type. This clause typically requires each party to specify its exact organizational form and jurisdiction of formation, ensuring that all parties are properly identified and authorized to enter into the contract. By clarifying the legal identity and capacity of each party, the clause helps prevent disputes over authority and ensures that the agreement is enforceable against the correct entities.
Organization Form. The Company 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 and operate its properties and to carry on its business as now conducted and described in the SEC Reports (as defined below).
Organization Form. Each of the Company and Nortek 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 and operate its properties and to carry on its business as now conducted.
Organization Form. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted.
Organization Form. 6.2.1 The Organization shall, with due deliberation, proceed to incorporate as a public nonprofit corporation pursuant to Chapter 24.06 RCW and as a tax-exempt organization pursuant to Section 501(c)(3) of the Interlocal Revenue Code of 1986, as amended. Provided, however, until incorporation under state law pursuant to this Section, the Organization may continue to act consistent with this Agreement and RCW 39.34.030.
6.2.2 The Organization may reorganize in such manner as may be permitted by law by amendment to this Agreement in accordance with Section 12.10.
Organization Form. The Promoter is in the process of forming a corporation to be duly organized in good standing under the laws of the State of Florida and will have all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted.