Common use of Organization, Standing and Authority Clause in Contracts

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of Georgia. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Paxson Communications Corp)

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Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaMichigan. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaNorth Carolina. Buyer has all requisite power and authority to execute and deliver this Agreement and the Escrow Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaOhio. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Option Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaUtah. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaArizona. Buyer has all requisite power and authority to execute and deliver this Agreement and the Escrow Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaVirginia. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunderhereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaMissouri. Buyer has all requisite corporate power and authority to execute and deliver this Agreement and the Escrow Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaWisconsin. Buyer has all requisite corporate power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida and at Closing will be duly qualified to conduct business as a foreign corporation in the State of GeorgiaWisconsin. Buyer has all requisite power and authority to execute and deliver this Agreement and the Escrow Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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