Common use of Corporate Existence; Authority Clause in Contracts

Corporate Existence; Authority. Seller is a corporation, duly organized, validly existing and in good standing under the laws of the State of Texas. The execution, delivery and performance of this Agreement by Seller has been duly authorized by all necessary corporate and other action; and no further corporate or other action is necessary for Seller to execute and deliver this Agreement and to consummate and perform its obligations hereunder.

Appears in 4 contracts

Samples: Equipment Purchase Agreement (Multimedia Games Inc), Equipment Purchase Agreement (Multimedia Games Inc), Equipment Purchase Agreement (Multimedia Games Inc)

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Corporate Existence; Authority. Seller is a corporation, duly organized, validly existing and in good standing under the laws of the State of Texas. The execution, delivery and performance of this Agreement by Seller has been duly authorized by all necessary corporate and other action; and no further corporate or other action is necessary for Seller to execute and deliver this Agreement and to consummate and perform its obligations hereunder.. <PAGE> 4

Appears in 1 contract

Samples: Equipment Purchase Agreement

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