Common use of Organization of the Seller Clause in Contracts

Organization of the Seller. The Seller is a Corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation, which is the State of Wyoming.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Senior Care Industries Inc), Asset Purchase Agreement (Senior Care Industries Inc), Asset Purchase Agreement (Senior Care Industries Inc)

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Organization of the Seller. The Seller is a Corporation corporation duly organized, organized and validly existing, existing under the Laws of the State of Wyoming. The Seller is duly authorized to conduct business and is in good standing under the laws Laws of each jurisdiction where such qualification is required, except where the jurisdiction lack of its incorporationsuch qualification has not had and would not reasonably be expected to have, which is individually or in the State of Wyomingaggregate, a Material Adverse Effect. The Seller has the requisite corporate power and authority necessary to carry on the Business and to own and use the Assets owned or operated by it.

Appears in 2 contracts

Samples: Asset Sale and Purchase Agreement (Holly Energy Partners Lp), Asset Sale and Purchase Agreement (Holly Corp)

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