Organization of Midwest and the Subsidiaries Clause Samples

Organization of Midwest and the Subsidiaries. (i) Midwest is a corporation duly organized, validly existing and in good standing under the laws of Saskatchewan, Canada, and has the requisite corporate power and authority to own, lease and operate its properties and to conduct its business as it is presently being conducted. Midwest is duly qualified to do business in each jurisdiction where the character Share Purchase Agreement (Final) of the properties owned or leased by it or the nature of its activities makes such qualification necessary. Copies of the organizational documents of Midwest have heretofore been delivered to Purchaser, and such copies are accurate and complete as of the date hereof. (ii) MGCL is a Canadian federal corporation duly organized, validly existing and in good standing under the laws of Canada, owned 100 percent by Midwest, and has the requisite corporate power and authority to own, lease and operate its properties and to conduct its business as it is presently being conducted. MGCL is duly qualified to do business in each jurisdiction where the character of the properties owned or leased by it or the nature of its activities makes such qualification necessary. Copies of the organizational documents of MGCL have heretofore been delivered to Purchaser, and such copies are accurate and complete as of the date hereof. (iii) MPRI is a Canadian federal corporation duly organized, validly existing and in good standing under the laws of Canada, owned 100 percent by Midwest, and has the requisite corporate power and authority to own, lease and operate its properties and to conduct its business as it is presently being conducted. MPRI is duly qualified to do business in each jurisdiction where the character of the properties owned or leased by it or the nature of its activities makes such qualification necessary. Copies of the organizational documents of MPRI have heretofore been delivered to Purchaser, and such copies are accurate and complete as of the date hereof.