A Good Standing Clause Samples

The "Good Standing" clause establishes that a party to the agreement must maintain its legal status and compliance with all applicable laws and regulations throughout the duration of the contract. In practice, this means the party must remain duly organized, validly existing, and not be in violation of any statutory requirements, such as failing to file necessary documents or pay required fees. This clause ensures that all parties remain eligible and authorized to fulfill their contractual obligations, thereby reducing the risk of disruptions caused by legal or regulatory non-compliance.
A Good Standing. Certificate from the State of Delaware and all other jurisdictions here the Borrower conducts its business operations.
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A Good Standing certificate for such Seller issued as of a recent date by the Secretary of State of the state of its formation;
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A Good Standing. Certificate from the Secretary of State of Arkansas for each of Telesite and Metrosite.
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A Good Standing. Certificate issued by the Minnesota Secretary of State, as of a recent date, for Seller.
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A Good Standing. Certificate for Buyer from all states in which Buyer is authorized to do business;
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A Good Standing. Certificate for Borrower from the Secretary of State of Delaware, reflecting that Borrower is in good standing in the State of Delaware;
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Related to A Good Standing

  • Good Standing The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Representatives may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdictions.

  • Organization; Good Standing (a) Parent. Parent (i) is duly organized, validly existing and in good standing pursuant to the Laws of its jurisdiction of organization; and (ii) has the requisite power and authority to conduct its business as it is presently being conducted and to own, lease or operate its properties and assets.

  • Incorporation; Good Standing 43 7.1.2. Authorization. ...........................................................43 7.1.3. Enforceability. ..........................................................43 7.2.

  • Existence; Good Standing It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization or formation and has all requisite power and authority to own and operate its properties and to conduct its business, as conducted and planned to be conducted as of the date hereof.

  • Organization and Good Standing Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.