Common use of Existence and Qualification Clause in Contracts

Existence and Qualification. Purchaser is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Colorado and is qualified to carry on its business in such other jurisdictions as may be necessary, except where the failure to be so qualified would not have a material adverse effect.

Existence and Qualification. Purchaser is a limited liability company duly formed, formed validly existing and in good standing under the Laws of the State state of Colorado its formation (as set forth in the introductory paragraph) and is (or at Closing will be) duly qualified and in good standing to carry on its business in such other jurisdictions as may be necessary, except states where the failure Assets are located and those other states where it is required to be so qualified would not have a material adverse effectqualified.

Existence and Qualification. Purchaser is a limited liability company duly formedorganized, validly existing and in good standing under the Laws laws of the State its jurisdiction of Colorado and formation. Purchaser is duly licensed or qualified to carry do business as a foreign limited liability company in all jurisdictions in which (a) the Purchased Assets are located and (b) it carries on its business or owns assets and such qualification is required by Law except in such other jurisdictions as may be necessary, except the case of this clause (b) where the failure to be so qualified would not have a material adverse effectbe material.

Existence and Qualification. Purchaser is a limited liability company duly formedorganized, validly existing and in good standing under the Laws laws of the State state of Colorado its formation; and Purchaser is duly qualified to carry on do business as a foreign entity in every jurisdiction in which it is required to qualify in order to conduct its business in such other jurisdictions as may be necessary, except where the failure to be so qualified qualify would not have a material adverse effecteffect on Purchaser or its properties; and Purchaser is duly qualified to do business as a foreign corporation in the respective jurisdictions where the Assets to be transferred to it are located.

Existence and Qualification. Purchaser is a limited liability company duly formedorganized, validly existing and in good standing under the Laws of the State state of Colorado its formed (as set forth in the introductory paragraph) and is duly qualified and in good standing to carry on its business in such other jurisdictions as may be necessary, except states where the failure Assets are located and those other states where it is required to be so qualified would not have a material adverse effectqualified.