Common use of Organized Clause in Contracts

Organized. It is a corporation duly organized, validly existing and is in good standing under the laws of the jurisdiction of its incorporation, is qualified to do business and is in good standing as a foreign corporation in each jurisdiction in which the conduct of its business or the ownership of its properties requires such qualification and failure to have such would prevent it from performing its obligations under this Agreement and has all requisite corporate power and authority to conduct its business as now being conducted, to own, lease and operate its properties and to execute, deliver and perform this Agreement.

Appears in 5 contracts

Samples: Preferred Share Purchase Rights, Distribution and Supply Agreement (Vivus Inc), Supply Agreement (Vivus Inc)

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