Seller's Organization and Good Standing Sample Clauses

Seller's Organization and Good Standing. ALC and ITG are each corporations duly organized, validly existing, and in good standing under the laws of the State of New York. Seller has all requisite corporate power and authority to own, lease, and operate the properties now owned or leased by Seller and to carry on the Business as presently conducted. There are no outstanding subscriptions, options, rights, warrants, calls, or other agreements or commitments obligating Seller to sell or issue any shares of its capital stock or any securities convertible into shares of its capital stock, nor are there any voting trusts or any other agreements or understandings with respect to the voting of Seller’s capital stock.
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Seller's Organization and Good Standing. Such Seller is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization. Such Seller has the requisite power and authority to own, lease and operate its properties and assets and to carry on its business as it is now conducted. Such Seller is duly qualified to do business and is in good standing under the Laws of each jurisdiction in which the nature of the business conducted by it or the character or location of the properties owned or leased by it makes such licensing or qualification required by Law, except where the failure to be qualified or in good standing would not, individually or in the aggregate, reasonably be expected to prevent or materially delay or impair such Seller’s ability to consummate the transactions contemplated herein.
Seller's Organization and Good Standing. EMS is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of Ohio. Except as set forth on Schedule 3.2 of the Disclosure Schedule, neither the character of the properties owned, leased, or used by Seller, nor the nature of the business transacted by Seller on or before the Closing Date, require the licensing or qualification of Seller in any other jurisdiction. Xxxxxxxxx owns one hundred percent (100%) of the issued and outstanding membership interests of EMS, free and clear of any and all liens, claims, encumbrances, or rights of third parties whatsoever. EMS has no membership interests, economic interests or other securities other than those owned by Xxxxxxxxx, and there are no outstanding subscriptions, options, rights, warrants, calls, or other agreements or commitments obligating EMS or Xxxxxxxxx to sell or issue any membership or other equity interests or other securities of EMS or any securities convertible into any membership or other equity interests of EMS, nor are there any voting trusts or any other agreements or understandings with respect to the voting of such membership or other equity interests of EMS or securities of EMS held by Xxxxxxxxx or anyone else.
Seller's Organization and Good Standing. Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of Seller's incorporation. Seller has all requisite corporate power and authority to own, lease, and operate the properties now owned or leased by Seller and to carry on Seller's Business as presently conducted.
Seller's Organization and Good Standing. Sellers are corporate entities duly organized, validly existing and in good standing under the laws of their state or country of formation, and have all requisite corporate power to execute, deliver and perform this Agreement and carry on their business as is now being conducted. Sellers are duly authorized and qualified to do business under all applicable Laws to own, lease and operate their properties and to carry on their business in the places and in the manner as now being conducted, except where the failure to be so authorized or qualified does not and would not have, individually or in the aggregate, a Material Adverse Effect. Sellers are duly qualified to do business as a foreign corporation and are in good standing in each jurisdiction in which failure to be so qualified would have, individually or in the aggregate, a Material Adverse Effect.
Seller's Organization and Good Standing. Seller is a corporation duly organized, validly existing, and in good standing under the laws of the State of Minnesota. Seller has all requisite power and authority to own, lease, and operate the properties now owned or leased by Seller and to carry on Seller's business as presently conducted. Except as set forth on the Disclosure Schedule, neither the character of the properties owned, leased, or used by Seller, nor the nature of either of the Business transacted by Seller, require the licensing or qualification of Seller in any jurisdiction, except where failure to do so would not have a Material Adverse Effect on the Business. Seller is qualified to do business as a foreign entity in the jurisdictions listed in the Disclosure Schedule.
Seller's Organization and Good Standing. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Texas, has all requisite corporate power to carry on its business as it is now being conducted, and except for the Certificate of Registration of Interliant Inc as a branch for the purposes of English Company Law which has been obtained by the Seller, the Seller is not qualified to do business as a foreign corporation in any jurisdiction. Except as set forth in Exhibit 5.01(a), Seller has no subsidiaries.
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Seller's Organization and Good Standing. The Seller is a corporation --------------------------------------- duly organized, validly existing and in good standing under the laws of the State of Delaware, has all requisite corporate power to own the Purchased Assets, carry on its business as it is now being conducted, and is duly qualified to do business as a foreign corporation in each jurisdiction where failure to qualify would have a Material Adverse Effect on the Purchased Assets.
Seller's Organization and Good Standing. Seller is a Delaware corporation, validly existing and in good standing under the Laws of the State of Delaware.

Related to Seller's Organization and Good Standing

  • Organization and Good Standing Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

  • Formation and Good Standing Such Party is a limited partnership or limited liability company, legally formed, validly existing and, to the extent applicable, in good standing under the laws of the state of its formation. Such Party is duly qualified to do business and is in good standing as a foreign limited partnership or limited liability company, as applicable, in each jurisdiction where the character of the properties owned or leased by it or the nature of the businesses transacted by it requires it to be so qualified.

  • Due Organization and Good Standing Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.

  • Corporate Organization and Good Standing The Company is a corporation ---------------------------------------- duly organized, validly existing, and in good standing under the laws of the State of Delaware and is duly qualified and in good standing in all other states where the nature of its business or operations or the ownership of its property requires such qualification.

  • Organization and Good Standing of the Company The Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation as set forth above. The Company is not required to be qualified to transact business in any other jurisdiction where the failure to so qualify would have an adverse effect on the business of the Company.

  • Incorporation and Good Standing The Company has been duly incorporated or formed and is validly existing and in good standing as a company limited by shares under the laws of the jurisdiction of its formation and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement. As of the Closing, the Company does not own or control, directly or indirectly, any corporation, association or other entity that is not otherwise disclosed in the Disclosure Package.

  • Incorporation and Good Standing of the Company The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement. The Company is duly qualified as a foreign corporation to transact business and is in good standing in the State of California and each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to qualify would not result in a Material Adverse Change.

  • Organization and Good Standing; Qualification The Seller has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own or lease its properties and to conduct its activities as such properties are currently owned or leased and such activities are currently conducted.

  • Due Formation and Good Standing The Borrower is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its business requires it to be so qualified.

  • Organization, Existence and Good Standing Seller is a corporation duly organized, validly existing and in good standing under the Laws of the state of Delaware and has full corporate power and authority to own, lease and operate all of its properties and assets and to carry on its business as presently conducted.

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