TRANSACT BUSINESS. Xxxxxxx is duly qualified to transact business as a foreign corporation and is in good standing in every jurisdiction in which the character of its properties, owned or leased, or the nature of its activities makes such qualification necessary, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect on Xxxxxxx and the Xxxxxxx Subsidiaries taken as a whole.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Schuler Homes Inc), Agreement and Plan of Reorganization (Apollo Real Estate Investment Fund L P/Ny), Agreement and Plan of Reorganization (Schuler James K)
TRANSACT BUSINESS. Each Xxxxxxx Subsidiary is duly qualified to transact business as a foreign corporation Person and is in good standing in every jurisdiction in which the character of its properties, owned or leased, or the nature of its activities makes such qualification necessary, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect on Xxxxxxx and the Xxxxxxx Subsidiaries taken as a whole.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Schuler Homes Inc), Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Apollo Real Estate Investment Fund L P/Ny)
