Common use of Authorization; Enforceability; No Violations Clause in Contracts

Authorization; Enforceability; No Violations. (a) The Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has the requisite power and authority to own its properties and assets and to carry on its business as it is now being conducted. The Purchaser is duly qualified to do business in each jurisdiction in which the character of the properties owned or leased by it or the nature of its business makes such qualification necessary, except where the failure to so qualify could not reasonably be expected to have a material adverse effect on the Purchaser.

Appears in 2 contracts

Samples: Exchange Agreement (Loud Technologies Inc), Exchange Agreement (Loud Technologies Inc)

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Authorization; Enforceability; No Violations. (a) The Purchaser is duly organizedorganized and validly existing, validly existing and in good standing as a limited liability company under the laws of its jurisdiction of organization and has the requisite power and authority to own its properties and assets and to carry on its business as it is now being conducted. The Purchaser is duly qualified to do business as a foreign limited liability company in each jurisdiction in which the character of the properties owned or leased by it or the nature of its business makes such qualification necessary, except where the failure to so qualify could not reasonably be expected to have a material adverse effect on the Purchaser.by

Appears in 1 contract

Samples: Stock Purchase Agreement (Catalina Lighting Inc)

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Authorization; Enforceability; No Violations. (a) The Purchaser is duly organizedorganized and validly existing, validly existing and in good standing as a limited liability company under the laws of its jurisdiction of organization and has the requisite power and authority to own its properties and assets and to carry on its business as it is now being conducted. The Purchaser is duly qualified to do business as a foreign limited liability company in each jurisdiction in which the character of the properties owned or leased by it or the nature of its business makes such qualification necessary, except where the failure to so qualify could not reasonably be expected to have a material adverse effect on the Purchaser.. The

Appears in 1 contract

Samples: Note Purchase Agreement (Catalina Lighting Inc)

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