Common use of Organization, Good Standing and Power Clause in Contracts

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial condition.

Appears in 7 contracts

Samples: Common Stock Purchase Agreement (Generex Biotechnology Corp), Stock Purchase Agreement (Calypte Biomedical Corp), Common Stock Purchase Agreement (General Magic Inc)

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Organization, Good Standing and Power. The Company is a corporation duly incorporated incorporated, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than that fifty percent (50%) of or control any other business entity except as set forth in the SEC DocumentsDocuments or in Schedule 3.1(g). The Company is duly qualified to do business and is in good standing as a foreign corporation to do business in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial condition.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Aquis Communications Group Inc), Common Stock Purchase Agreement (Aquis Communications Group Inc), Common Stock Purchase Agreement (Aquis Communications Group Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (24/7 Media Inc), Common Stock Purchase Agreement (Surgilight Inc), Common Stock Purchase Agreement (Lam Pharmaceutical Corp)

Organization, Good Standing and Power. The Company is a corporation duly incorporated incorporated, validly existing and in good standing under the laws of the State of Delaware Nevada and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial condition.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Bionutrics Inc), Common Stock and Warrants Purchase Agreement (Bionutrics Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Stemcells Inc), Common Stock Purchase Agreement (Migratec Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated incorporated, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than that fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation to do business in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial condition.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (McGlen Internet Group Inc), Common Stock Purchase Agreement (McGlen Internet Group Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than that fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation to do business in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial condition.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Ameriquest Technologies Inc), Common Stock Purchase Agreement (Nhancement Technologies Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated incorporated, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (On2 Technologies Inc), Common Stock Purchase Agreement (On2com Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State state of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Calypte Biomedical Corp)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Except as set forth in the SEC Documents, the Company does not have any subsidiaries and does not own more than that fifty percent (50%) of or control any other business entity except as set forth in the SEC Documentsentity. The Company is duly qualified to do business and is in good standing as a foreign corporation to do business in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Escrow Agreement (Nstor Technologies Inc)

Organization, Good Standing and Power. The Company is a ------------------------------------- corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Valicert Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Except as set forth in the Commission Documents (as defined below), the Company does not have any subsidiaries and does not own more than fifty percent (50%) of the outstanding capital stock of or control any other business entity except as set forth in the SEC Documentsentity. The Company is duly qualified as a foreign corporation to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Collagenex Pharmaceuticals Inc)

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Organization, Good Standing and Power. The Company Corporation is a corporation duly incorporated validly existing and in good standing under the laws of the State Laws of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company Corporation does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company Corporation is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure to so to qualify would not have a Material Adverse Effect on the Company's financial conditionCorporation.

Appears in 1 contract

Samples: Note Purchase Agreement (Migratec Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted, except as would not have a Material Adverse Effect. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documentsentity. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Emagin Corp)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly validly, existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Artificial Life Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated incorporated, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any significant subsidiaries and does not own more than fifty percent (50%as defined in Regulation S-X) of or control any other business entity except as set forth in the SEC Documents. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not be reasonably likely to have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Open Market Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated validly existing and in good standing under the laws of the State state of Delaware and has all requisite corporate authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth in the SEC DocumentsDocuments or on the Disclosure Schedule. The Company is duly qualified to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Path 1 Network Technologies Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated organized, validly existing and in good standing under the laws of the State of Delaware and has all the requisite corporate power and authority to own, lease and operate its properties and assets and to carry on conduct its business as it is now being conducted. The As of the Effective Date, the Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity Subsidiaries except as set forth in the SEC Documents. 2005 Form 10-K. The Company and each such Subsidiary is duly qualified as a foreign corporation to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those except for any jurisdiction in which the failure to be so to qualify qualified would not have a Material Adverse Effect on the Company's financial conditionEffect.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cv Therapeutics Inc)

Organization, Good Standing and Power. The Company is a corporation duly incorporated incorporated, validly existing and in good standing under the laws of the State of Delaware and has all the requisite corporate authority power to own, lease and operate its properties and assets and to carry on conduct its business as it is now being conducted. The Company does not have any subsidiaries and does not own more than fifty percent (50%) of or control any other business entity except as set forth defined in the SEC DocumentsSection 3.1(g)). The Company is duly qualified as a foreign corporation to do business and is in good standing as a foreign corporation in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those necessary except for any jurisdiction in which the failure to be so to qualify would qualified will not have a Material Adverse Effect material adverse effect on the Company's financial condition.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Datametrics Corp)

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