Organization; Ownership Sample Clauses

Organization; Ownership. Such Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation or incorporation and has all requisite power and authority to own, operate and lease its properties and to carry on its business as it is being conducted on the date of this Agreement.

Organization; Ownership. The Investor is an entity duly organized, validly existing and in good standing under the laws of the Republic of Liberia and is wholly owned by P▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇.

Organization; Ownership. The Investor, if an entity, is duly organized, validly existing, and in good standing under the laws of its jurisdiction of formation or incorporation and has all requisite power and authority to own, operate, and lease its properties and to carry on its business as it is being conducted on the date of this Agreement.

Organization; Ownership. ESL Partners, L.P. is a Delaware limited partnership and is duly organized, validly existing and in good standing under the laws of Delaware and has all requisite power and authority to own, operate and lease its properties and to carry on its business as it is being conducted on the date of this Agreement.

Organization; Ownership. In the case of each of the Founders, such Founder is a natural person and has the legal capacity to enter into this Agreement and to perform his obligations hereunder. In the case of each of the other Shareholders, such Shareholder is an entity, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite entity power and authority to own, operate and lease its properties and to carry on its business as it is being conducted on the date of this Agreement.

Organization; Ownership. Each of Purchaser and Merger Sub is a duly organized limited liability company, validly existing and in good standing under the laws of the State of Delaware and has the power and authority to perform this Agreement.

Organization; Ownership. The Bank is a bank chartered under the laws of the State of California and is authorized to conduct its business as presently conducted (including the Merchant Business) under those laws and all other applicable laws. Parent is a corporation organized under the laws of the State of California and is authorized to conduct its business as presently conducted under those laws and other applicable laws. Parent owns one hundred percent (100%) of the issued and outstanding shares of capital stock of the Bank, and the Bank is the only subsidiary or affiliate of Parent that conducts banking business.

Organization; Ownership. Ownership type (check box): Political Subdivision (Government Entity) Company Other The following individual(s) are the owner(s), member(s), stockholders (10% or more), officer(s) or partner(s) of the Organization (attach additional names as needed):

Organization; Ownership. (a) Each of the Sellers is a limited liability company duly organized, validly existing, and in good standing under the Laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties, including the Transferred Assets, and to conduct the Business as now conducted. Except as would not reasonably be expected to have a Material Adverse Effect, each of the Sellers is qualified to do business and is in good standing in each of the jurisdictions listed on Schedule 4.1(a) of the Disclosure Schedule for such Seller, which constitute each of the jurisdictions in which it is transacting the Business or in which the operation, ownership or leasing of its properties related to the Business make such qualification necessary. (b) A majority of the issued and outstanding equity interests of EDC are owned beneficially and of record by GEI EDC Holding Company, a Delaware corporation. Schedule 4.1(b) of the Disclosure Schedule sets forth all Persons owning any equity interests of EDC and their respective equity interests therein. (c) All of the issued and outstanding equity interests of EDC USA are owned beneficially and of record by EDC. All of the issued and outstanding equity interests of each of the Sellers European Affiliates are owned beneficially and of record, directly or indirectly, by EDC.