Common use of Organization and Standing Clause in Contracts

Organization and Standing. Investor is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 41 contracts

Samples: Equity Purchase Agreement (Xfuels, Inc.), Equity Purchase Agreement (Cardax, Inc.), Equity Purchase Agreement (2050 Motors, Inc.)

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Organization and Standing. Investor is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 27 contracts

Samples: Equity Purchase Agreement (El Capitan Precious Metals Inc), Equity Purchase Agreement (MusclePharm Corp), Equity Purchase Agreement (UFood Restaurant Group, Inc.)

Organization and Standing. Investor is a limited partnership liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 25 contracts

Samples: Equity Purchase Agreement (Hpil Holding), Equity Purchase Agreement (Hpil Holding), Equity Purchase Agreement (Bemax, Inc.)

Organization and Standing. Investor is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware , and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 2 contracts

Samples: Equity Credit Agreement (Imaging Diagnostic Systems Inc /Fl/), Private Equity Credit Agreement (Imaging Diagnostic Systems Inc /Fl/)

Organization and Standing. Investor is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 2 contracts

Samples: Private Equity Credit Agreement (Bioshield Technologies Inc), Private Equity Credit Agreement (C-Phone Corp)

Organization and Standing. Investor is a limited partnership duly organized, . validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now now, being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Momentous Entertainment Group Inc), Equity Purchase Agreement (Momentous Entertainment Group Inc)

Organization and Standing. The Investor is a limited partnership liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 1 contract

Samples: Private Equity Subscription Agreement (5 G Wireless Communications Inc)

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Organization and Standing. Investor is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.. Section 3.7

Appears in 1 contract

Samples: Equity Purchase Agreement

Organization and Standing. Investor is a limited partnership liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.. Section 3.7

Appears in 1 contract

Samples: Equity Purchase Agreement (Emerald Medical Applications Corp.)

Organization and Standing. Investor is a limited partnership duly organized, ,validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investor.

Appears in 1 contract

Samples: Equity Purchase Agreement (Genufood Energy Enzymes Corp.)

Organization and Standing. Investor is a limited partnership liability company duly organizedformed, validly existing existing, and in good standing under the laws of the State of Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Investor is duly qualified and in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, other than those in which the failure so to qualify would not have a material adverse effect on Investorthe Company.

Appears in 1 contract

Samples: Equity Purchase Agreement (Xfit Brands, Inc.)

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