Common use of Qualification Clause in Contracts

Qualification. Parent is duly qualified to conduct business as a foreign corporation and is in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the condition, properties, assets, liabilities or business operations of Parent (the “Condition of the Parent”).

Appears in 17 contracts

Samples: Agreement of Merger and Plan of Reorganization (Caribbean Villa Catering Corp), Agreement of Merger and Plan of Reorganization (Cherry Tankers Inc.), Agreement of Merger and Plan of Reorganization (Transdel Pharmaceuticals Inc)

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Qualification. Parent is duly qualified to conduct business as a foreign corporation and is are in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the condition, properties, assets, liabilities or business operations of Parent (the “Condition of the Parent”).

Appears in 10 contracts

Samples: Agreement of Merger and Plan of Reorganization (Greenleaf Forest Products, Inc.), Agreement of Merger and Plan of Reorganization (Heavy Metal, Inc.), Agreement of Merger and Plan of Reorganization (Casita Enterprises, Inc.)

Qualification. Parent is duly qualified to conduct business as a foreign corporation and is in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the condition, properties, assets, liabilities liabilities, business operations or business results of operations of Parent (the “Condition of the Parent”).

Appears in 6 contracts

Samples: Agreement of Merger and Plan of Reorganization (Blue Calypso, Inc.), Agreement of Merger and Plan of Reorganization (Cinjet Inc), Agreement of Merger and Plan of Reorganization (Ip Technology Services, Inc.)

Qualification. The Parent is duly qualified to conduct business as a foreign corporation and is in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the conditioncondition (financial or otherwise), properties, assets, liabilities liabilities, business operations, results of operations or business operations prospects of the Parent (the “Condition of the Parent.”).

Appears in 1 contract

Samples: Exchange Agreement (Cliff Rock Resources Corp.)

Qualification. Parent is duly qualified to conduct business as a foreign corporation and is are in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the condition, properties, assets, liabilities or business operations of Parent (the “Condition of the Parent”).

Appears in 1 contract

Samples: Agreement of Merger And (Beacon Energy Holdings, Inc.)

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Qualification. Parent is duly qualified to conduct business as a foreign corporation and is in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the conditioncondition (financial or otherwise), properties, assets, liabilities liabilities, business operations or business results of operations of Parent (the “Condition of the Parent”).

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (Excel Corp)

Qualification. Parent is duly qualified qualified, licensed or admitted to conduct do business as a foreign corporation corporation, and is in good standing in (to the extent that the applicable jurisdiction recognizes the concept of good standing), under the Laws of each jurisdiction wherein in which the nature properties and assets owned, leased or operated by Parent or the conduct of its activities business requires such qualification, license or its properties owned or leased makes such qualification necessaryadmission, except where the failure to be so qualified qualified, licensed or admitted would not have a material adverse effect on the condition, properties, assets, liabilities or business operations of Parent (the “Condition of the Parent”)Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Purple Innovation, Inc.)

Qualification. Parent is or will be duly qualified to conduct business as a foreign corporation and is or will be in good standing in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the condition, properties, assets, liabilities or business operations of Parent (the “Condition of the Parent”).

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (Med-X, Inc.)

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