Common use of Qualification; Good Standing Clause in Contracts

Qualification; Good Standing. The Company is duly qualified to do business and is in good standing as a foreign corporation in the States of New Jersey, Georgia, Illinois and Connecticut. The Company is not required to be qualified in any other jurisdiction where the failure to qualify would have a material adverse effect on the Company. The Company is not and, upon consummation of the transactions contemplated by the Documents will not be, an "investment company" or a company controlled by an investment company within the meaning of the Investment Company Act of 1940, as amended.

Appears in 7 contracts

Samples: Stock Purchase Agreement (A Consulting Team Inc), Stock Purchase Agreement (A Consulting Team Inc), Stock Purchase Agreement (A Consulting Team Inc)

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