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

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 Nevada and has all requisite corporate power and authority to carry on its business as now conducted and as presently 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 8 contracts

Sources: Series a Preferred Stock Purchase Agreement (Focus Universal Inc.), Securities Purchase Agreement (Ondas Holdings Inc.), Securities Purchase Agreement (Ondas Holdings 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 Nevada and has all requisite corporate power and authority to carry on its business as now presently conducted and as presently 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 7 contracts

Sources: Stock Purchase Agreement (Great Plains Holdings, Inc.), Stock Purchase Agreement (Great Plains Holdings, Inc.), Share Exchange Agreement (Great Plains Holdings, Inc.)

Organization, Good Standing, Corporate Power and Qualification. The Company is a corporation duly organizedincorporated, validly existing existing, and in good standing under the laws of the State of Nevada and has all requisite corporate power and authority to carry on its business as now presently conducted and as presently 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

Sources: Secured Convertible Note Purchase Agreement (H-Cyte, Inc.), Note Purchase Agreement (FWHC Holdings, LLC), Secured Convertible Note and Warrant Purchase Agreement (H-Cyte, 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 Nevada and has all requisite corporate power and corporate authority required (a) to carry on its business as now presently conducted and as presently proposed to be conducted, and (b) to execute, deliver and perform its obligations under the Transaction Agreements. The Company is duly qualified to transact business as a foreign corporation and is in good standing in under the laws of each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.

Appears in 2 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement (International Western Petroleum, 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 Nevada and has all requisite corporate power and authority to carry on its business as now conducted and as presently 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.

Appears in 1 contract

Sources: Series a Preferred Stock Purchase Agreement