Organization, Standing and Power; Subsidiaries. (a) Each of the Company and its Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, has all requisite power and authority to own, lease and operate its properties and assets and to carry on its business as now being conducted, and is duly qualified or licensed to do business and is in good standing as a foreign entity in each jurisdiction in which the failure to be so qualified or licensed or to be in good standing could, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.
Appears in 36 contracts
Samples: Agreement and Plan of Merger (U S Restaurant Properties Inc), Agreement and Plan of Merger (CNL Income Fund Xiii LTD), Agreement and Plan of Merger (CNL Income Fund Xv LTD)
Organization, Standing and Power; Subsidiaries. (a) Each of the Company and its Subsidiaries (as defined below) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its formationincorporation, has all requisite corporate power and authority to own, lease and operate its properties and assets and to carry on its business as now being conducted and as proposed to be conducted, and is duly qualified or licensed to do business and is in good standing as a foreign entity corporation in each jurisdiction in which the failure to be so qualified or licensed or to be in good standing couldqualified, individually or in the aggregate, reasonably be expected to would have a Company Material Adverse Effect.. "
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Cmgi Inc), Agreement and Plan of Merger (Flycast Communications Corp)
Organization, Standing and Power; Subsidiaries. (a) Each of the Company and its Subsidiaries (as defined below) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, has all requisite power and authority to own, lease and operate its properties and assets and to carry on its business as now being conducted, and is duly qualified or licensed to do business and is in good standing as a foreign entity in each jurisdiction in which the failure to be so qualified or licensed or to be in good standing couldlicensed, individually or in the aggregate, reasonably be expected to would have a Company Material Adverse Effect.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Captec Net Lease Realty Inc)
