Common use of Organization; Good Standing Clause in Contracts

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has full corporate power and authority to own its properties and to conduct the businesses in which it is now engaged.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Ramsay Health Care Inc), Stock Purchase Agreement (Ramsay Health Care Inc), Loan and Exchange Agreement (Ramsay Health Care Inc)

AutoNDA by SimpleDocs

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation formation, and has full corporate all requisite power and authority to own carry on its business and to own, lease, operate and hold its properties and to conduct the businesses in which it is now engagedassets.

Appears in 3 contracts

Samples: Stock Purchase Agreement (DryShips Inc.), Stock Purchase Agreement (General Maritime Corp/), Stock Purchase Agreement (Oaktree Capital Management LLC)

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has full corporate all requisite corporate, and other power and authority and legal right to own own, operate and lease its properties properties, and to carry on its business as now being conducted. Seller is duly qualified to do business and is in good standing in each jurisdiction where the conduct of its business or the businesses in which it is now engagedownership or leasing of its property requires such qualification.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Viper Networks Inc), Asset Purchase Agreement (Viper Networks Inc)

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of the state of its jurisdiction of incorporation or organization and has full corporate all requisite power and authority under such laws to own carry on its properties and to conduct the businesses in which it is business as now engagedconducted.

Appears in 1 contract

Samples: Stock Sale Agreement (Genomed Inc)

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its the jurisdiction of incorporation and its incorporation. Seller has full the requisite corporate power and authority to own its own, lease and use the properties and assets that it owns, leases and uses in connection with the Business and to conduct the businesses in which it is now engagedBusiness as presently conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Balchem Corp)

Organization; Good Standing. (a) The Seller is a corporation duly organized, validly existing existing, and in good standing under the laws of its jurisdiction of incorporation and has incorporation, with full corporate power and authority to own conduct its properties and to conduct the businesses in which business as it is now engagedbeing conducted, to own or use the properties and assets that it purports to own or use, and to perform all its obligations under Contracts.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rexx Environmental Corp)

Organization; Good Standing. The Seller is a corporation corporation, duly organizedincorporated, validly existing and in good standing under the laws of the state of its jurisdiction of incorporation and has full all requisite corporate power and authority to own own, sell and lease the Assets. The Seller is duly qualified and licensed to do business and is in good standing in all jurisdictions where the nature of its properties and to conduct the businesses in which it is now engagedbusiness makes such qualification necessary.

Appears in 1 contract

Samples: Asset Purchase Agreement (Denison International PLC)

AutoNDA by SimpleDocs

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction the State of incorporation New Jersey and has full corporate power and authority to own its properties the Business Assets and to conduct carry on the businesses in which it is Business as now engagedbeing conducted.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Doe Run Peru Sr Ltda)

Organization; Good Standing. The Seller is a corporation duly --------------------------- organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has full corporate power and authority to own its properties and to conduct the businesses in which it is now engaged.

Appears in 1 contract

Samples: Junior Subordinated Note Purchase Agreement (Ramsay Health Care Inc)

Organization; Good Standing. The Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction the state of incorporation Nevada, and has full all requisite corporate power and authority to own and lease its properties and to conduct the businesses in which it is now engagedcarry on its business as currently conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Heftel Broadcasting Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.