Organization, Good Standing, Corporate Power and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Utah and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Croe, Inc.), Securities Purchase Agreement (Croe, Inc.), Securities Purchase Agreement (Croe, Inc.)
Organization, Good Standing, Corporate Power and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Utah New York and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.
Appears in 2 contracts
Samples: Series B Preferred Stock Purchase Agreement (Frederick's of Hollywood Group Inc /Ny/), Series a Preferred Stock Purchase Agreement (Frederick's of Hollywood Group Inc /Ny/)
Organization, Good Standing, Corporate Power and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Utah and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse EffectEffect on the Company.
Appears in 1 contract
Samples: Asset Purchase and Reorganization Agreement (Cognigen Networks Inc)
