Organization of Company. (a) Company and each of its subsidiaries (i) 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; (ii) has the corporate or other power and authority to own, lease and operate its assets and property and to carry on its business as now being conducted; and (iii) except as would not be material to Company, is duly qualified or licensed to do business in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Atl Products Inc), Agreement and Plan of Reorganization (Quantum Corp /De/), Agreement and Plan of Reorganization (Trusted Information Systems Inc)
Organization of Company. (a) Company and each of its material subsidiaries (i) 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; (ii) has the corporate or other power and authority to own, lease and operate its assets and property and to carry on its business as now being conducted; and (iii) ), except as would not be material to Company, is duly qualified or licensed to do business in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Network General Corporation), Agreement and Plan of Reorganization (McAfee Associates Inc), Agreement and Plan of Reorganization (Network Associates Inc)
