Common use of Organization, Power and Qualification Clause in Contracts

Organization, Power and Qualification. (i) Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified and in good standing to do business in each jurisdiction in which the character of its properties or the nature of its activities requires such qualifications;

Appears in 2 contracts

Samples: Purchase Agreement (McKesson Corp), Purchase Agreement (McKesson Corp)

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Organization, Power and Qualification. (iA) Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified and in good standing to do business in each jurisdiction in which the character of its properties or the nature of its activities requires such qualifications;

Appears in 1 contract

Samples: Purchase Agreement (HPSC Inc)

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Organization, Power and Qualification. (i) Seller is a corporation Delaware limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware Delaware, and is duly licensed and qualified and to engage in good standing to do its regular course of business in each jurisdiction in which the character of its properties or the nature of its activities requires such qualifications;, except where the failure to be so qualified, licensed or in good standing would not affect the enforceability of any Transaction or Transaction Document or any rights and remedies related to the other Assigned Property.

Appears in 1 contract

Samples: Program Agreement (Celadon Group Inc)

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