Common use of Due Incorporation and Good Standing Clause in Contracts

Due Incorporation and Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, with full and adequate power to carry on and conduct its business as presently conducted, and is duly licensed or qualified in all foreign jurisdictions wherein the failure to be so qualified or licensed would reasonably be expected to have a material adverse effect on the business of the Company.

Appears in 8 contracts

Samples: Loan Agreement (VIASPACE Inc.), Loan Agreement (VIASPACE Inc.), Loan Agreement (VIASPACE Inc.)

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Due Incorporation and Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, California with full and adequate power to carry on and conduct its business as presently conducted, and is duly licensed or qualified in all foreign jurisdictions wherein the failure to be so qualified or licensed would reasonably be expected to have a material adverse effect on the business of the Company.

Appears in 5 contracts

Samples: Loan Agreement (Hemcure Inc), Loan Agreement (Hemcure Inc), Loan Agreement (Hemcure Inc)

Due Incorporation and Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, Nevada with full and adequate power to carry on and conduct its business as presently conducted, and is duly licensed or qualified in all foreign jurisdictions wherein the failure to be so qualified or licensed would reasonably be expected to have a material adverse effect on the business of the Company.

Appears in 3 contracts

Samples: Loan Agreement (Voyant International CORP), Loan Agreement (Voyant International CORP), Loan Agreement (Voyant International CORP)

Due Incorporation and Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, with full and adequate power to carry on and conduct its business as presently conducted, and is duly licensed or qualified in all foreign jurisdictions wherein the failure to be so qualified or licensed would reasonably be expected to have a material adverse effect on the business of the Company.

Appears in 1 contract

Samples: Loan Agreement (Organic Alliance, Inc.)

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Due Incorporation and Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, with full and adequate power to carry on and conduct its business as presently conducted, and is duly licensed or qualified in all foreign jurisdictions wherein the failure to be so qualified or licensed would reasonably be expected to have a material adverse effect on the business of the Company.. 4.2

Appears in 1 contract

Samples: Loan Agreement

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