Common use of Existence and Qualification Clause in Contracts

Existence and Qualification. The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business in each jurisdiction in which the nature of its activities which relate to the Assets or the character of the Assets makes such qualification necessary. The Seller has all requisite corporate power and authority to own or lease the Assets, to own the Interests to be sold by it pursuant to this Agreement and to conduct its business as now owned or leased or conducted.

Appears in 2 contracts

Samples: 6 Asset Purchase Agreement (Transtexas Gas Corp), Asset Purchase Agreement (Bayard Drilling Technologies Inc)

AutoNDA by SimpleDocs

Existence and Qualification. The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business as a foreign corporation in each jurisdiction in which the nature of its activities which relate to where the Assets or are located, except where the character of the Assets makes such qualification necessary. The Seller has all requisite corporate power and authority failure to own or lease the Assets, to own the Interests to be sold by it pursuant to this Agreement and to conduct its business as now owned or leased or conductedso qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Venus Exploration Inc)

Existence and Qualification. The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business in each jurisdiction in which the nature of its activities which relate to as a foreign corporation where the Assets or are located, except where the character of the Assets makes such qualification necessary. The Seller has all requisite corporate power and authority failure to own or lease the Assets, to own the Interests to be sold by it pursuant to this Agreement and to conduct its business as now owned or leased or conductedso qualify would not have a material adverse effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ignis Petroleum Group, Inc.)

Existence and Qualification. The Seller is a corporation (i) duly organized, validly existing and in good standing under the laws Laws of the State of Delaware Delaware, and is duly qualified to do business in each jurisdiction in which the nature of its activities which relate to the Assets or the character of the Assets makes such qualification necessary. The Seller (ii) has all requisite necessary corporate power and corporate authority to own or lease the Assets, to own the Interests to be sold by it pursuant to this Agreement and to conduct its business business, and to own, lease and operate the properties and assets as they are now owned or leased or conductedbeing conducted and operated.

Appears in 1 contract

Samples: Equity Purchase and Sale Agreement (Smart Sand, Inc.)

Existence and Qualification. The Seller is a corporation duly organized, validly existing and in good standing under the laws Laws of the State of Delaware and Delaware. Seller is duly qualified to do business as a foreign entity and is in good standing (to the extent applicable) under the Laws of each state or other jurisdiction in which either the nature of its activities which relate to the Assets ownership or the character use of the Assets owned or used by it makes such qualification or licensing necessary. The Seller has all requisite corporate power and authority to own or lease , except in those jurisdictions where the Assets, to own the Interests failure to be sold by it pursuant so qualified or licensed has not had and would not reasonably be expected to this Agreement and to conduct its business as now owned or leased or conductedhave a Material Adverse Effect.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement

AutoNDA by SimpleDocs

Existence and Qualification. The Seller is a corporation company duly organized, organized and validly existing and in good standing under the laws of the State of Delaware and is duly qualified to do business as a foreign company in each jurisdiction in which the nature of its activities which relate it is required to the Assets or the character of the Assets makes such qualification necessary. The Seller has all requisite corporate power and authority to own or lease the Assets, to own the Interests to be sold by it pursuant to this Agreement and qualify in order to conduct its business as now owned business, except where the failure to so qualify would not, individually or leased or conductedin the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vaalco Energy Inc /De/)

Existence and Qualification. The Seller is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the State of Delaware Delaware, and has full power and authority, corporate and otherwise, to carry on the Business as presently conducted. Seller is duly qualified to do business in each jurisdiction in which the nature of its activities which relate to the Assets or the character of the Assets makes qualified, where such qualification is necessary. The Seller has all requisite corporate power and authority to own or lease the Assets, to own conduct the Interests to be sold Business as presently conducted by it pursuant to this Agreement and to conduct its business Seller as now owned or leased or conducted.a foreign corporation. 3.2

Appears in 1 contract

Samples: 6 Asset Purchase Agreement (Uol Publishing Inc)

Existence and Qualification. The Seller is a corporation duly organized, validly existing and in good standing under the laws Laws of the State of Delaware and is duly qualified to do business in each jurisdiction in which the nature of its activities which relate to the Assets or the character of the Assets makes such qualification necessary. The Seller Delaware, has all requisite corporate power and authority to own or lease the Assets, to own the Interests to be sold by it pursuant to this Agreement its properties and to conduct carry on its business as it is now owned or leased or being conducted, and is qualified as a foreign entity to do business under the Laws of each jurisdiction requiring such qualification, except where a failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Poet Technologies Inc.)

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