Common use of Organization, Existence and Good Standing Clause in Contracts

Organization, Existence and Good Standing. Purchaser is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware. Purchaser has full power and authority to own all of its properties and assets and to carry on its business as it is now conducted.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Strategic Hotels & Resorts, Inc), Membership Interest Purchase Agreement (Strategic Hotels & Resorts, Inc)

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Organization, Existence and Good Standing. Purchaser is a Delaware limited liability company duly formedorganized, validly existing and in good standing under the Laws of the State of Delaware. Purchaser has full power and authority to own all laws of its properties jurisdiction of organization. Holdings is a Delaware corporation duly organized, validly existing and assets in good standing under the laws of its jurisdiction of organization and is or on or prior to carry on its business as it is now conductedthe Closing, will be, the sole record and beneficial owner of all issued and outstanding equity interests in Purchaser.

Appears in 1 contract

Samples: Stock Purchase Agreement (Coolbrands International Inc)

Organization, Existence and Good Standing. Purchaser is a limited liability company duly formedorganized, validly existing and in good standing under the Laws laws of the State state of Delaware. Purchaser has full power Holdings is a corporation duly organized, existing and authority to own all in good standing under the laws of its properties and assets and to carry on its business as it is now conductedthe state of Delaware.

Appears in 1 contract

Samples: Unit Purchase Agreement (Leggett & Platt Inc)

Organization, Existence and Good Standing. Purchaser is a limited liability company duly formedcompany, validly existing and in good standing under the Laws laws of the State of Delaware. Purchaser has full all requisite power and authority to own all of its own, lease and operate the properties and assets it currently owns, leases and operates and to carry on its business as it such business is now currently conducted. Purchaser is qualified to do business as a foreign corporation, limited partnership or limited liability company, as the case may be, in all jurisdictions where the nature of its properties or business requires such qualification.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Macquarie Infrastructure CO LLC)

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Organization, Existence and Good Standing. Purchaser is a limited liability company duly formedpartnership, validly existing and in good standing under the Laws laws of the State of Delaware. Purchaser has full all requisite power and authority to own all of its own, lease and operate the properties and assets it currently owns, leases and operates and to carry on its business as it such business is now currently conducted. Purchaser is qualified to do business as a limited partnership in all jurisdictions where the nature of its properties or business requires such qualification.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Navarre Corp /Mn/)

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