Common use of Organization; Qualification Clause in Contracts

Organization; Qualification. Seller is a corporation duly organized, validly existing, and in good standing under the laws of Delaware and has all requisite corporate power and authority to own, lease, and operate the Purchased Assets and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessary.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Aquila Inc), Asset Purchase Agreement (Aquila Inc), Asset Purchase Agreement (Empire District Electric Co)

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Organization; Qualification. The Seller is a corporation duly organized, validly existing, existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease, own its properties and operate the Purchased Assets assets and to carry on conduct the Business Product Lines as presently now conducted. The Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which all jurisdictions where the conduct of the Business, Business Product Lines or the its ownership or operation of any Purchased Assets, by Seller makes Transferred Assets make such qualification necessary, except where the failure to so qualify would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Chase Corp)

Organization; Qualification. Seller is a corporation duly organized, validly existing, existing and in good standing under the laws of Delaware and the State of Delaware. Seller has all requisite full corporate power and authority to own, lease, own and operate lease all of the Purchased Assets properties and assets it now owns and leases and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do its business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessarynow being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Earthcare Co)

Organization; Qualification. Seller is a corporation duly organizedincorporated, validly existing, existing and in good standing under the laws Laws of the State of Delaware and the Commonwealth of Virginia and has all requisite corporate power and authority to own, lease, lease and operate the Purchased Assets its assets and properties and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do its business as a foreign corporation and it is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessarynow being conducted.

Appears in 1 contract

Samples: Purchase Agreement (Conectiv)

Organization; Qualification. Seller is a corporation duly organized, --------------------------- validly existing, existing and in good standing under the laws of Delaware and the State of Delaware. Seller has all requisite full corporate power and authority to own, lease, own and operate lease the Purchased Assets and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessaryTelecom Division as it is now being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Communications World International Inc)

Organization; Qualification. Seller is a corporation duly organized, validly existing, existing and in good standing under the laws of Delaware and has all requisite corporate power and authority to own, lease, own all of its properties and operate the Purchased Assets assets and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do out its business as a foreign corporation and it is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessarypresently being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hadron Inc)

Organization; Qualification. Seller is a corporation limited liability company duly organized, validly existing, existing and in good standing under the laws of Delaware and the State of Delaware, Seller has all requisite corporate power and authority to own, lease, lease and operate the Purchased Assets its properties and to carry on the Business out its business as presently is now being conducted. Seller , and is duly qualified or licensed and in good standing to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct nature of the Business, its business or the ownership or operation leasing of any Purchased Assets, by Seller its assets and properties makes such qualification necessary, except where the failure to be so qualified, would not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynegy Inc.)

Organization; Qualification. Seller is a corporation limited partnership duly organizedformed, validly existing, existing and in good standing under the laws of Delaware and the State of Delaware. Seller has all requisite corporate partnership power and authority to own, leaseown its properties and to conduct its business as presently being conducted by it, and operate the Purchased Assets and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do business and in good standing as a foreign corporation and is partnership in good standing in each every jurisdiction in which the conduct of the Business, its business or the ownership or operation of any Purchased Assetsits properties and assets requires it to be so qualified, by Seller makes such qualification necessaryexcept jurisdictions in which the failure to be so qualified would not have a Material Adverse Effect on the Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cheniere Energy Inc)

Organization; Qualification. Seller is a corporation duly organized, validly existing, existing and in good standing validly subsisting under the laws of Delaware and the State of Delaware, has all requisite corporate the power and authority to ownown all of its assets, lease, and operate including the Purchased Assets Assets, and to carry on the Business its business as presently conducted. Seller it is now being conducted and is duly qualified or licensed to do business as a foreign corporation and business, is in good standing validly subsisting in each jurisdiction in which the ownership of its property or the conduct of its business requires such qualification, and possesses all licenses, franchises, rights and privileges related to the Business, or the ownership or operation conduct of any Purchased Assets, by Seller makes such qualification necessaryits business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Biomerica Inc)

Organization; Qualification. The Seller is a corporation limited liability company duly organized, validly existing, existing and in good standing under the laws of the State of Delaware and has all requisite corporate the full power and authority to own, lease, lease and operate the Purchased Assets its properties and to carry on the Business as presently now conducted. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessary.

Appears in 1 contract

Samples: Asset Purchase Agreement (Opteum Inc.)

Organization; Qualification. Seller is a corporation duly organized, validly existing, existing and in good standing under the laws of Delaware and the State of Delaware. Seller has all requisite the full corporate power and authority to own, lease, own and operate the Purchased Assets and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct operations of the Business, or the ownership or operation of any Purchased Assets, by Seller makes Programming Service as such qualification necessaryoperations are now being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Allbritton Communications Co)

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Organization; Qualification. Seller is a corporation duly organizedincorporated, validly existing, existing and in good standing under the laws of the States of Delaware and Virginia and has all requisite corporate power and authority to own, lease, lease and operate the Purchased Assets its properties and to carry on the Business its business as presently it is now being conducted. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in under the laws of each jurisdiction in which its business as now being conducted requires it to be so qualified, except to the conduct of extent that the Businessfailure to be so qualified would not, individually or in the ownership or operation of any Purchased Assetsaggregate, by Seller makes such qualification necessaryhave a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delmarva Power & Light Co /De/)

Organization; Qualification. Seller is a corporation duly organized, validly existing, existing and in good standing under the laws of Delaware and has all requisite corporate power and authority to own, lease, and operate the Purchased Assets and to carry on the Business as presently conductedState of Delaware. Seller is duly licensed or qualified or licensed as an entity to do business as a foreign corporation and is in good standing in each jurisdiction in which all jurisdictions wherein the conduct character of the Business, properties owned or held by it or the ownership nature of the business transacted by it requires it to be so licensed or operation of any Purchased Assets, by Seller makes such qualification necessaryqualified.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Liquids Inc)

Organization; Qualification. Seller is a corporation duly organized, validly existing, existing and in good standing under the laws of Delaware and the State of Delaware, Seller has all requisite corporate power and authority to own, lease, lease and operate the Purchased Assets its properties and to carry on the Business out its business as presently is now being conducted. Seller , and is duly qualified or licensed and in good standing to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct nature of the Business, its business or the ownership or operation leasing of any Purchased Assets, by Seller its assets and properties makes such qualification necessary, except where the failure to be so qualified, would not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynegy Inc.)

Organization; Qualification. Seller is a corporation limited liability company duly organized, validly existing, formed and legally existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority is duly qualified to own, lease, and operate the Purchased Assets own its Properties and to carry on the Business as presently conducted. Seller is duly qualified or licensed to do its business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessarynow being conducted.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Maverick Oil & Gas, Inc.)

Organization; Qualification. Seller is a corporation that is duly organized, validly existing, and in good standing under the laws Laws of Delaware and has all requisite corporate power and authority the State of Delaware. Seller is duly authorized to own, lease, lease and operate the Purchased Assets and to carry on the Business its business as presently conducted. Seller is duly qualified or licensed conducted with respect to do business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessary.

Appears in 1 contract

Samples: Asset Purchase Agreement (Freds Inc)

Organization; Qualification. Seller is a corporation duly organizedincorporated, validly existing, existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease, and operate the Purchased Assets its properties and to carry on the Business its business as presently it is now being conducted. Seller is duly qualified or licensed Seller, with respect to do business as a foreign corporation and the Business, is in good standing standing, and qualified to do business, in each jurisdiction in which the conduct Commonwealth of the Business, or the ownership or operation of any Purchased Assets, by Seller makes such qualification necessaryMassachusetts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Galileo Corp)

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