Common use of Due Incorporation, Qualification, etc Clause in Contracts

Due Incorporation, Qualification, etc. Each of Lessee and Lessee's Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation; (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed is reasonably likely to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Participation Agreement (Novellus Systems Inc), Assignment Agreement (Fair Isaac & Company Inc), Participation Agreement (Novellus Systems Inc)

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Due Incorporation, Qualification, etc. Each of Lessee and Lessee's Subsidiaries (i) Lessee (A) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation; (iiB) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iiiC) is duly qualified, licensed to do business and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Silicon Valley Group Inc)

Due Incorporation, Qualification, etc. Each of Lessee and Lessee's Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation; (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed is reasonably likely to have a Material Adverse Effect.. (b)

Appears in 1 contract

Samples: Participation Agreement (Etec Systems Inc)

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Due Incorporation, Qualification, etc. Each of Lessee and Lessee's Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation; (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business and in good standing as a foreign corporation in each 26 jurisdiction where the failure to be so qualified or licensed is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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