Standing and Qualification Sample Clauses

Standing and Qualification. Contractor is a [_______], duly organized, validly existing, and in good standing under the laws of the State of [_______], and has full power to execute, deliver and perform its obligations hereunder to own, lease and operate its properties and to engage in the business it presently conducts and contemplates conducting under this Agreement, and is and will be duly licensed or qualified and in good standing under the laws of the State of Utah and in each other jurisdiction in which the nature of the business transacted by it makes such licensing or qualification necessary and where the failure to be licensed or qualified would have a material adverse effect on its ability to execute and deliver this Agreement or perform its obligations hereunder.
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Standing and Qualification. Each Seller is a corporation duly organized, validly existing, and in good standing under the laws of the State of Minnesota and has all necessary corporate powers to own its properties and to operate its business as now owned and operated by it. Financial Statements: Exhibit B to this Agreement sets forth consolidated --------- and consolidating balance sheets of the Business as reported internally, as of November 30, 1999, and December 31, 1999, and the related consolidated and consolidating statements of income for the fiscal periods ending on those dates. The Financial Statements fairly present the transactions recorded throughout the periods indicated and properly record those transactions in the balance sheets and results of operations included in the Financial Statements.
Standing and Qualification. PPSS is a corporation duly incorporated, validly existing and in good standing under the Canada Business Corporations Act. PPSS is duly qualified, licensed or authorized to do business and, if applicable, in good standing in each jurisdiction where the nature of the activities conducted by it or the character of the properties owned, leased or operated by it require such qualification, licensing or authorization, except where the failure to so qualify would not have a Material Adverse Effect. The Company has full right, power and authority to carry on its business as now being conducted and to own or lease and operate its properties as such properties are now being operated. PPSS has previously delivered or made available to Purchasers true, correct and complete copies of the articles of incorporation and by-laws of PPSS, each as currently in effect.
Standing and Qualification. Each Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, is duly licensed as a foreign corporation in the State of South Carolina, and has all requisite corporate power and authority and is entitled to own, lease and operate its properties and to carry on its business as and in the places such properties are now owned, leased or operated and where such business is presently conducted. The copies of the Certificate of Incorporation and By-Laws of each Seller delivered to Buyer are complete and correct.
Standing and Qualification. Seller is an individual doing business as a sole proprietorship under the business name "The Xxxxxxx Group." Seller is not a corporation or a partnership. Seller is authorized to carry on its business as now conducted and to own and operate its properties in the places where such properties are now located; and Seller is authorized and licensed to do business in the city of Xxxxxx. The performance of this Agreement by Seller will not result in a default or breach of any other agreement to which Seller is a party. Seller has the authority to enter into this Agreement.
Standing and Qualification. Such Party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, is in good standing and is qualified to do business in Texas and in all other jurisdictions in which the nature of the business conducted by it makes such qualification necessary and where failure so to qualify would have a material adverse effect on its financial condition, operations, prospects or business.
Standing and Qualification. 41 20.2 No Violation of Law; Litigation.........................................41 20.3
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Standing and Qualification. Unigene is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Unigene is not, nor is it required to be, qualified or licensed to transact business as a foreign corporation under the laws of any State other than the State of its incorporation and New Jersey in order to enable it to conduct its business as it is presently being conducted, except where the failure to be so qualified or licensed is not reasonably expected to have a material adverse effect on its financial condition, assets, business or results or operation or its ability to perform its obligations hereunder. Unigene is duly qualified as a foreign corporation and is in good standing under the laws of the State of New Jersey. Unigene has full corporate power and authority to own or lease its properties and other assets and to conduct its business as it is now being conducted.

Related to Standing and Qualification

  • Formation and Qualification (a) Each Borrower is duly incorporated and in good standing under the laws of the state listed on Schedule 5.2(a) and is qualified to do business and is in good standing in the states listed on Schedule 5.2(a) which constitute all states in which qualification and good standing are necessary for such Borrower to conduct its business and own its property and where the failure to so qualify could reasonably be expected to have a Material Adverse Effect on such Borrower. Each Borrower has delivered to Agent true and complete copies of its certificate of incorporation and by-laws and will promptly notify Agent of any amendment or changes thereto.

  • Organization and Qualification The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the Company nor any Subsidiary is in violation nor default of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter documents. Each of the Company and the Subsidiaries is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be, could not have or reasonably be expected to result in: (i) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results of operations, assets, business, prospects or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) a material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.

  • Organization, Standing and Qualification (a) FTN Financial Capital Markets is a division of First Tennessee Bank National Association, a national banking association duly organized, validly existing and in good standing under the laws of the United States, with full power and authority to own, lease and operate its properties and conduct its business as currently being conducted. FTN Financial Capital Markets is duly qualified to transact business as a foreign corporation and is in good standing in each other jurisdiction in which it owns or leases property or conducts its business so as to require such qualification and in which the failure to so qualify would, individually or in the aggregate, have a material adverse effect on the condition (financial or otherwise), earnings, business, prospects or results of operations of FTN Financial Capital Markets.

  • Due Organization and Qualification Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

  • Organization and Qualifications Customer and each of its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) has the power and authority to own its properties and assets and to transact the businesses in which it presently is engaged and (iii) is duly qualified and is authorized to do business and is in good standing in each jurisdiction where it presently is engaged in business and is required to be so qualified.

  • Corporate Organization and Qualification Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Buyer has the requisite corporate power and authority to own or lease all of its properties and assets and to carry on its business as it is now being conducted.

  • Number and Qualification Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

  • Number and Qualifications The number of Managers of the Company shall not be less than three nor more than five, as may be determined by the Member from time to time, but no decrease in the number of Managers shall have the effect of shortening the term of any incumbent Manager.

  • Existence and Qualification The Contracting Party is an Oklahoma municipality, validly existing and in good standing under the laws of the State of Oklahoma, and the Contracting Party has all requisite power and authority to own, operate and lease its properties and to carry on its business as presently conducted.

  • Organization, Good Standing and Qualification The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties.

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