Organization and Standing of Sellers Sample Clauses

Organization and Standing of Sellers. Each of Xcorporeal, Operations and NQCI is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.
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Organization and Standing of Sellers. WPV is a limited partnership duly formed, validly existing and in good standing under the laws of the state of Delaware, the United States of America. WPVI is a limited partnership duly formed, validly existing and in good standing under the laws of Bermuda. Sellers have all requisite power and authority necessary to enable it to own and operate their properties and to conduct their business as now being conducted and presently proposed to be conducted.
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Organization and Standing of Sellers. (a) Each Seller (i) is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Louisiana, is duly qualified and authorized to do business in Louisiana and (ii) has the limited liability company power and is entitled to carry on the Business as now conducted by such Seller and is authorized to enter into and perform this Agreement and the Transaction Documents entered into or to be entered into and performed by such Seller.
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Organization and Standing of Sellers. Each Seller is an entity duly organized, validly existing and in good standing under the laws of the State in which it was organized and is authorized and in good standing to conduct business in Nevada. Each Seller has full corporate power and authority to own and lease all of the properties and assets it now owns and leases and to carry on its business as now being conducted.
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Organization and Standing of Sellers. Each Seller which is not an individual is a corporation, partnership or limited liability company or trust duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization.
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Organization and Standing of Sellers. Except as provided on SCHEDULE 4.1 hereto, Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida. Copies of its Articles of Incorporation and By-Laws and all amendments hereof to date, have been delivered to Buyer and are complete and correct. Seller has the power and authority to own the property and assets now owned by Seller and to conduct the business presently being conducted by Seller. Seller is not qualified to do business as a foreign corporations in any state, and neither the ownership of its assets nor the conduct of its business makes such qualifications necessary.
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Organization and Standing of Sellers. Seller is a corporation duly organized and validly existing under the laws of the state of its incorporation. Each Seller has full requisite power and authority to carry on its business as it is now being conducted, and to own, operate, and lease the properties now owned, operated, or leased by it. Each Seller is duly authorized and qualified to carry on its business in the manner as now conducted in state in which authorization and qualification is required. Each Seller has made available to Purchaser true, correct and complete copies of the corporate authorization for the sale of the Assets, and such other contents of its minute book as Purchaser has reasonably requested.
Sample 1
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Related to Organization and Standing of Sellers

  • Organization and Standing of Buyer Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware; has full corporate power and authority to conduct the business of developing, distributing and marketing software, including through its subsidiaries, and has full right, power and authority to issue the shares of common stock as part of the Purchase Price contemplated by this Agreement.

  • Organization and Standing of the Purchasers If the Purchaser is an entity, such Purchaser is a corporation, limited liability company or partnership duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization.

  • Organization and Standing of the Company The Company is a duly organized and validly existing corporation in good standing under the laws of the State of Nevada and has all requisite corporate power and authority for the ownership and operation of its properties and for the carrying on of its business as now conducted and as now proposed to be conducted and to execute and deliver this Agreement and other instruments, agreements and documents contemplated herein (together with this Agreement, the “Transaction Documents”), to issue, sell and deliver the Shares and to perform its other obligations pursuant hereto. The Company is duly licensed or qualified and in good standing as a foreign corporation authorized to do business in all jurisdictions wherein the character of the property owned or leased or the nature of the activities conducted by it makes such licensing or qualification necessary, except where the failure to be so licensed or qualified would not have a material adverse effect on the business, operations or financial condition of the Company.

  • Organization and Standing of the Investor The Investor is an international business company duly organized, validly existing and in good standing under the laws of the British Virgin Islands.

  • Organization and Standing The Company is a corporation duly formed, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

  • Organization and Standing of the Subscribers If the Subscriber is an entity, such Subscriber is a corporation, partnership or other entity duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization.

  • Organization and Good Standing of the Company The Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation as set forth above. The Company is not required to be qualified to transact business in any other jurisdiction where the failure to so qualify would have an adverse effect on the business of the Company.

  • Organization and Power The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

  • Organization and Status Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold under lease and to carry on its business as now being conducted. Purchaser has made available to Seller complete and correct copies of the Organization Documents for Purchaser.

  • Organization; Good Standing; Qualification and Power The Contributed Subsidiaries are all of the subsidiaries of the Contributed Companies or any of their direct or indirect subsidiaries. Each of the Contributed Companies, and the Contributed Subsidiaries and each of the Contributing Companies is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, has all requisite corporate power and authority to own, lease and operate any and all of the Group Assets held by such company and for the Conduct of the Group Business as now being conducted by such company, and is duly qualified and in good standing to do business in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary, other than in such jurisdictions where the failure so to qualify would not have a Material Adverse Effect on the Group Business. SCO has delivered to Caldera or its counsel complete and correct copies of the charter documents of the Contributed Companies and the Contributed Subsidiaries. Except for the Contributed Subsidiaries, none of the Contributed Companies nor any of the Contributed Subsidiaries owns, directly or indirectly, any capital stock or other equity interest of any corporation or has any direct or indirect equity or ownership interest in any other business, whether organized as a corporation, partnership, joint venture or otherwise.

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