Common use of Organization, Standing and Corporate Power Clause in Contracts

Organization, Standing and Corporate Power. (a) The Company is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized and has all requisite corporate or other power and authority to own, operate and lease its properties and to carry on its business as now being conducted.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Pilgrims Pride Corp), Agreement and Plan of Merger (Iron Acquisition Corp), Agreement and Plan of Merger (Engelhard Corp)

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Organization, Standing and Corporate Power. (a) The Company is and each of its Subsidiaries has been duly organized, and is validly existing and in good standing (with respect to jurisdictions that recognize that concept) under the Laws of the jurisdiction in which it is incorporated of its incorporation or organized formation, as the case may be, and has all requisite power and authority and possesses all material governmental licenses, permits, authorizations and approvals necessary to enable it to use its corporate or other power name and authority to own, lease or otherwise hold and operate and lease its properties and other assets and to carry on its business as now being currently conducted.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Darden Restaurants Inc), Agreement and Plan of Merger (Independent Brewers United, Inc.), Agreement and Plan of Merger (Pyramid Breweries Inc)

Organization, Standing and Corporate Power. (a) The Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized and has all requisite corporate or other power and authority necessary to own, operate and own or lease all of its properties and assets and to carry on its business as it is now being conducted and as currently proposed by its management to be conducted.

Appears in 2 contracts

Samples: Tender Offer and Merger Agreement (Five Star Products Inc), Tender Offer and Merger Agreement (National Patent Development Corp)

Organization, Standing and Corporate Power. (a1) The Each of the Company and its Subsidiaries is a company or corporation duly organized, validly existing and in good standing under the Laws laws of the jurisdiction in which it is incorporated or organized and has all the requisite corporate or other power and authority to own, operate own its assets and lease its properties and to carry on conduct its business as now being currently owned and conducted.

Appears in 2 contracts

Samples: Agency Agreement (Legend International Holdings Inc), Agency Agreement (Legend International Holdings Inc)

Organization, Standing and Corporate Power. (a) The Each of the Company and its Subsidiaries is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized and has all requisite corporate or other power and authority necessary to own, operate and own or lease all of its properties and assets and to carry on its business as it is now being conducted and as currently proposed by its management to be conducted.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Duratek Inc), Agreement and Plan of Merger (EnergySolutions, Inc.)

Organization, Standing and Corporate Power. (a) The Company is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized formed and has all requisite corporate or other power and authority to own, operate and lease its properties and to carry on its business as now being conducted.

Appears in 2 contracts

Samples: Voting Agreement (Independence Realty Trust, Inc), Voting Agreement (Trade Street Residential, Inc.)

Organization, Standing and Corporate Power. (a) The Each of the Company and its Subsidiaries is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized and has all requisite corporate or other power and authority to own, operate and lease its properties and to carry on its business as now being conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eye Care Centers of America Inc)

Organization, Standing and Corporate Power. Each of the Company and its Subsidiaries (a) The Company is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized of its organization and (b) has all requisite corporate (or other other) power and authority to enable it to use its name and to own, lease or otherwise hold and operate and lease its properties or assets and to carry on its business as now being conductedpresently conducted and as currently proposed to be conducted by the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nico Echo Park, Benefit Corp)

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Organization, Standing and Corporate Power. (a) The Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized and has all requisite corporate or other power and authority to own, operate and lease its properties and to carry on its business as now being conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eye Care Centers of America Inc)

Organization, Standing and Corporate Power. (a) The Company Each of the Group Companies is duly organizedformed, validly existing and in good standing under the Laws laws of the its jurisdiction in which it is incorporated or organized of organization and has all requisite corporate or other power and authority necessary to own, operate and own or lease all of its properties and assets and to carry on its business as it is now being conducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Terraform Global, Inc.)

Organization, Standing and Corporate Power. (a) The Each of the Company and its Subsidiaries is a legal entity duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized and has all requisite corporate corporate, partnership or other applicable power and authority necessary to own, operate and own or lease all of its properties and assets and to carry on its business as it is now being conducted, except where the failure to have such power or authority would not, individually or in the aggregate, have a Material Adverse Effect on the Company (“Company Material Adverse Effect”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kinder Morgan, Inc.)

Organization, Standing and Corporate Power. (a) The Company is a corporation duly organized, validly existing and in good standing under the Laws of the its jurisdiction in which it is incorporated or organized and has all requisite of organization, with full corporate or other power and authority to own, operate and lease own its properties and to carry on its business as now being presently conducted. The Company has the corporate power and authority to enter into and perform all of its obligations under this Agreement and to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Parent Stockholder Voting Agreement (Barr Laboratories Inc)

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