Organization of the Companies. Each of the Companies is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization and has the requisite limited liability company or partnership power and authority to own or lease its assets and to conduct its business as it is now being conducted. Each of the Companies is duly licensed or qualified in each jurisdiction in which the ownership or operation of its assets or the character of its activities is such as to require it to be so licensed or qualified, except where the failure to be so licensed or qualified would not reasonably be expected to have a Material Adverse Effect on the Companies. Seller has made available to Buyer true copies of all existing Organizational Documents of the Companies.
Organization of the Companies. Each of the Partnership Companies is duly incorporated, formed or organized, validly existing and in good standing under the Laws of the jurisdiction of its incorporation, formation or organization and has all requisite entity power and authority to own or lease its assets and to conduct its business as it is now being conducted.
Organization of the Companies. Each of the Companies are ----------------------------- corporations duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, has full corporate power and authority to conduct the Business as presently being conducted and as proposed to be conducted and to own and lease its properties and Assets. Except as set forth on the Disclosure Schedule, each of the Companies is duly qualified to do ------------------- business as a foreign corporation and is in good standing in each jurisdiction in which such qualification is necessary or required under applicable law as a result of the conduct of the Business or the ownership of its Assets or properties. Each jurisdiction in which each of the Companies is qualified to do business as a foreign corporation is listed on the Disclosure Schedule. -------------------
Organization of the Companies. Each of the Purchased Companies is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization and has the requisite limited liability company or partnership power and authority to own or lease its assets and to conduct its business as it is now being conducted. Each of the Purchased Companies is duly licensed or qualified in each jurisdiction in which the ownership or operation of its assets or the character of its activities is such as to require it to be so licensed or qualified, except where the failure to be so licensed or qualified would not reasonably be expected to have a Material Adverse Effect on any of the Purchased Companies. Sellers have made available to Buyer true copies of all existing Organizational Documents of each of the Purchased Companies.
Organization of the Companies. WEDGE Wireline is a corporation, duly organized, validly existing and in good standing under the Laws of the State of Delaware. WEDGE Fishing is a limited liability company, duly organized, validly existing and in good standing under the Laws of the State of Delaware. WEDGE Well is a limited liability company, duly organized, validly existing and in good standing under the Laws of the State of Delaware.
Organization of the Companies. (a) To the Company’s knowledge the Company is a corporation duly organized, and the Company is validly existing and in good standing under the laws of its jurisdiction of organization and has all the requisite corporate power and authority to carry on its business as now being conducted and to own, lease, use and operate the properties owned and used by it. To the Company’s knowledge B&N LLC is a limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has all the requisite limited liability company power and authority to carry on its business as now being conducted and to own, lease, use and operate the properties owned and used by it.
Organization of the Companies. Each of the Companies is duly organized, validly existing and in good standing under the laws of the jurisdiction in which each is organized, and each of the Companies has the limited liability company power and authority to own, lease and operate its properties and to conduct the Business as presently conducted. Each of the Companies is duly qualified or licensed to do business as a foreign entity and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except where the failure to obtain such qualification or license would not, individually or in the aggregate, have a Material Adverse Effect.
Organization of the Companies. 5 3.2 CAPITALIZATION OF THE COMPANIES.....................................5 3.3 AUTHORIZATION.......................................................6 3.4
Organization of the Companies. Each of the Companies is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. Each of the Companies has full corporate power and authority to conduct its Business as it is presently being conducted and to own or lease, as applicable, its Assets. Each of the Companies is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which such qualification is necessary under applicable law as a result of the conduct of its Business or the ownership of its properties, except where the failure to be so qualified would not have a Material Adverse Effect. Each jurisdiction in which each of the Companies is qualified to do business as a foreign corporation is set forth in Section 3.1 of the Companies Disclosure Schedule. Copies of the Articles of Incorporation or the Certificate of Incorporation and Bylaws of each of the Companies heretofore delivered to Cordant are accurate and complete.
Organization of the Companies. HLC is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Louisiana and has all requisite power and authority to own, lease and operate its properties to carry on its business as now being conducted. HSP is a general partnership duly organized, validly existing and in good standing under the Laws of the State of Louisiana and has all requisite power and authority to own, lease and operate its properties to carry on its business as now being conducted. Except as set forth on Section 3.2 of the Disclosure Letter, each Company is duly qualified or licensed to do business, and is in good standing, under the Laws of the State of Louisiana. Sellers have delivered to Buyer a true and correct copy of the partnership agreement, articles of organization, limited liability company agreement or other governing documents of each of the Companies (collectively, the “Organizational Documents”), in each case as amended to the date of this Agreement. Neither Company is in violation of its Organizational Documents. True, correct and complete copies of all minute books or other corresponding records of organizational actions of each of the Companies have been made available to Buyer. None of the Organizational Documents of the Companies contain any provision that would limit or otherwise restrict the ability of Buyer, following the Closing, from owning or operating the Companies. Neither Company, directly or indirectly, owns any equity or similar interest in, or any interest convertible into or exchangeable or exercisable for, any corporation, partnership, limited liability company, joint venture or other business association or entity.
