Such Party. (a) is a corporation or other entity duly organized and subsisting under the applicable Laws of its jurisdiction of incorporation or organization; and (b) has full power and authority and the legal right to own and operate its property and assets and to carry on its business as it is now being conducted and as it is contemplated to be conducted by this Agreement.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Opus Genetics, Inc.), Development and Commercial License Agreement (HWEL Holdings Corp.), Asset Purchase Agreement (IVERIC Bio, Inc.)