Common use of Due Formation Clause in Contracts

Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 4 contracts

Samples: Share Subscription Agreement, Preference Shares Subscription Agreement (Bitauto Holdings LTD), Share Subscription Agreement (Bitauto Holdings LTD)

AutoNDA by SimpleDocs

Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 2 contracts

Samples: Preference Shares Subscription Agreement, Subscription Agreement (JD.com, Inc.)

Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company organization and has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 2 contracts

Samples: Share Subscription Agreement, Share Subscription Agreement (58.com Inc.)

Due Formation. Each Group Company is duly formed, validly existing and in good standing in the its jurisdiction of its organization. Each Group Company organization and has all requisite power and authority to carry on its business as it is currently being conducted. The organizational documents, each as amended to date, of each Group Company are in full force and effect. No Group Company is in violation of any of the provisions of its organizational documents in any material respect.

Appears in 1 contract

Samples: Share Purchase Agreement (Baidu, Inc.)

AutoNDA by SimpleDocs

Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company organization and has all requisite power and authority to own its properties and assets and to carry on its business as it is currently being conducted.

Appears in 1 contract

Samples: Preferred Share and Warrant Purchase Agreement (58.com Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.