Organization; Good Standing; Qualification. Optionee is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite corporate power and authority to carry on their business as now conducted and as proposed to be conducted. Optionee is duly qualified to transact business and is in good standing in each jurisdiction in which the failure so to qualify would have a material adverse effect on its business or properties.
Appears in 7 contracts
Samples: Stock Purchase Option Agreement (Farber William), Stock Purchase Option Agreement (Farber William), Stock Purchase Option Agreement (Lannett Co Inc)
