Common use of Corporate Existence of Seller Clause in Contracts

Corporate Existence of Seller. Seller is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Washington, and has full corporate power and authority to own, use and lease the Assets. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which the Assets make such qualification necessary, except in each case in those jurisdictions where the failure to be so duly qualified or licensed and in good standing would not create a Seller Material Adverse Effect. Seller has heretofore made available to Purchaser complete and correct copies of its restated articles of incorporation, as amended, and bylaws (or other comparable corporate charter documents), as currently in effect.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Pp&l Inc), Asset Purchase Agreement (Puget Sound Energy Inc), Asset Purchase Agreement (Pp&l Resources Inc)

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Corporate Existence of Seller. Seller is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of WashingtonOregon, and has full corporate power and authority to own, use and lease the Assets. Seller is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction in which the Assets make such qualification necessary, except in each case in those jurisdictions where the failure to be so duly qualified or licensed and in good standing would not create a Seller Material Adverse Effect. Seller has heretofore made available to Purchaser complete and correct copies of its restated articles of incorporation, as amended, and bylaws (or other comparable corporate charter documents), as currently in effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pp&l Resources Inc)

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