Corporate Organization and Standing Clause Samples
The "Corporate Organization and Standing" clause serves to confirm that a company is properly formed, validly existing, and in good standing under the laws of its jurisdiction. It typically requires the company to affirm that it has complied with all necessary legal formalities, such as filing required documents and maintaining its corporate status. This clause reassures the other party that the company has the legal capacity to enter into agreements and perform its obligations, thereby reducing the risk of disputes over the company's authority or existence.
Corporate Organization and Standing. The Corporation is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. The Corporation has the requisite corporate power to carry on its business as presently conducted, and as proposed or contemplated to be conducted in the future, and to enter into and carry out the provisions of this Agreement and the transactions contemplated under this Agreement.
Corporate Organization and Standing. The Corporation is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite power and authority to carry on its business as presently conducted.
Corporate Organization and Standing. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada. The Company has the requisite corporate power to carry on its business as presently conducted, and as proposed or contemplated to be conducted in the future, and to enter into and carry out the provisions of this agreement and the transactions contemplated in this agreement.
Corporate Organization and Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of its incorporation and has all requisite corporate power and authority to own or lease its properties and to carry on its business as presently conducted.
Corporate Organization and Standing. Buyer is (a) a Delaware corporation duly organized, validly existing and duly qualified or licensed and in good standing under the Laws of the state or jurisdiction of its organization with full corporate or other power and authority to own, lease, use and operate its properties and to conduct its business, and (b) duly qualified or licensed to do business and is in good standing in any other jurisdiction in which the nature of the business conducted by it or the property it owns, leases or operates requires it to so qualify, be licensed or be in good standing, except where the failure to be so qualified, licensed or in good standing would not, individually or in the aggregate, have a Buyer Material Adverse Effect.
Corporate Organization and Standing. HDA is a corporation, duly ----------------------------------- incorporated and validly existing under the laws of the State of Alabama, with all requisite corporate power and authority to execute and deliver this Agreement, the Ancillary Agreements and to consummate the transactions contemplated hereby and thereby.
Corporate Organization and Standing. Each of Holdings and HDA ----------------------------------- is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and each has all requisite corporate power and authority to execute and deliver this Agreement, the Ancillary Agreements to which it is a party and to consummate the transactions contemplated hereby and thereby.
Corporate Organization and Standing. Seller is a corporation duly organized and validly existing under the laws of Israel and has all corporate power and authority to own or lease its properties and to carry on its business as presently conducted.
Corporate Organization and Standing. Borrower is, and will continue to be, a duly organized and validly existing corporation in good standing under the laws of the State of Delaware.
Corporate Organization and Standing. NCR is a corporation duly organized, validly existing and in good standing under the laws of Maryland.