Common use of Existence and Good Standing Clause in Contracts

Existence and Good Standing. The Company is a corporation duly organized, valid and existing in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 2 contracts

Samples: Preferred Stock Exchange Agreement (Grubb & Ellis Co), Preferred Stock Exchange Agreement (Grubb & Ellis Co)

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Existence and Good Standing. The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 2 contracts

Samples: Exchange Agreement (Grubb & Ellis Co), Exchange Agreement (Grubb & Ellis Co)

Existence and Good Standing. The Company is a corporation duly organizedincorporated, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business as it is now being conducted. The Company is duly licensed or qualified to do business as a foreign corporation and is in good standing in under the laws of all other jurisdictions in which the character and location of the properties owned or leased by it therein or in which the Company or the nature transaction of the its business conducted by the Company make makes such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (12 to 20 Plus Inc)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions each jurisdiction in which the character and or location of the properties owned or leased by the Company or the nature of the business conducted by the Company make makes such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Inkine Pharmaceutical Co Inc)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company Delaware and has the all requisite corporate power and authority to own own, lease and operate its property properties and to carry on its business as it is now being conducted. The Company is duly qualified or licensed as a foreign corporation to do business conduct its business, and is in good standing in the jurisdictions each jurisdiction in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.the

Appears in 1 contract

Samples: Stock Purchase Agreement (Parc Capital Corp)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the states of California and [list relevant states and foreign jurisdictions], which are the only jurisdictions in which the character and or location of the properties owned or leased by the Company or the nature of the business conducted by the Company make makes such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Indenet Inc)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing, and existing in good standing under the laws of the State state of Delaware. The Company Delaware and has the all requisite corporate power and authority to own own, lease, and operate its property properties and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Harvest Capital Corp)

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Existence and Good Standing. (a) The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware, USA, and is duly authorized, qualified or licensed to do business as a foreign corporation in all jurisdictions other than those jurisdictions in which the failure to be so qualified would not have a Material Adverse Effect on it. The Company has jurisdictions where the power to own its property and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Companyare identified on Schedule 4.1(a).

Appears in 1 contract

Samples: Stock Purchase Agreement (WNS (Holdings) LTD)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing, and existing in good standing under the laws of the State of Delaware. The Company Delaware and has the all requisite corporate power and authority to own own, lease, and operate its property properties and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hero Grand Everbright International LTD)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company has the power to own its property and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and or location of the properties owned or leased by the Company or the nature of the business conducted by the Company make makes such qualification necessary, except with where the failure to qualify individually or in the aggregate will not have a material adverse effect of on the business of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Grubb & Ellis Co)

Existence and Good Standing. The Company is a corporation duly organized, valid validly existing and existing in good standing under the laws of the State of Delaware. The Company has the power to own or lease its property properties and assets and to carry on its business as it is now being conducted. The Company is duly qualified to do business and is in good standing in the jurisdictions in which the character and location of the properties owned or leased by the Company or the nature of the business conducted by the Company make such qualification necessary, except with the failure to qualify individually or in the aggregate will not have a material adverse effect of the business of the Company.

Appears in 1 contract

Samples: Securities Exchange Agreement (Venus Beauty Supply Inc)

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