Common use of Organization and Qualification of the Company Clause in Contracts

Organization and Qualification of the Company. (a) The Company and each of its subsidiaries is a corporation or other legal entity duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has all requisite corporate or other power, as the case may be, and authority to own, lease and operate its properties and to carry on its businesses as now being conducted.

Appears in 2 contracts

Samples: Merger Agreement (Imperial Credit Industries Inc), Merger Agreement (Imperial Credit Commercial Mortgage Investment Corp)

AutoNDA by SimpleDocs

Organization and Qualification of the Company. (a) The Company and each of its subsidiaries is a corporation or other legal entity corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has all requisite corporate or other power, as the case may be, and authority to own, lease and operate its properties and to carry on its businesses as now being conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Annaly Mortgage Management Inc)

AutoNDA by SimpleDocs

Organization and Qualification of the Company. (a) The Company and each of its subsidiaries (each a “Subsidiary” and collectively, the “Subsidiaries”) is a corporation an entity incorporated or other legal entity duly organized, validly otherwise organized and existing and in good standing under the laws of its jurisdiction of incorporation or organization (as applicable), with the jurisdiction in which it is organized and has all requisite corporate or other power, as the case may be, power and authority to own, lease own and operate use its properties and assets and to carry on its businesses as now being conductedbusiness.

Appears in 1 contract

Samples: Regulation S Stock Purchase Agreement (Xodtec Group USA, Inc.)

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