Common use of Corporate Standing Clause in Contracts

Corporate Standing. Purchaser is a corporation, duly incorporated and validly subsisting under the laws of the jurisdiction of its formation incorporation, and is authorized to carry on business in all jurisdictions in which the Assets are located;

Corporate Standing. Purchaser is a corporation, body corporate duly incorporated organized and validly subsisting existing under the laws of the jurisdiction of its formation incorporationformation, and is authorized or is taking steps to be authorized to carry on business in all jurisdictions in which the Assets are locatedlocated and has good right, full power and absolute authority to purchase the interest of Vendor in and to the Assets according to the true intent and meaning of this agreement;

Corporate Standing. Purchaser is a corporationcorporation duly incorporated, duly incorporated organized and validly subsisting under the laws Laws of the its jurisdiction of incorporation and has the corporate power to own its formation incorporation, assets and is authorized to carry on business in all jurisdictions in which the Assets are locatedits business;

Corporate Standing. Purchaser is a corporationcorporation duly organized, duly incorporated validly existing, and validly subsisting in good standing under the laws of the jurisdiction state of incorporation. Purchaser has full corporate authority to own, lease and operate its formation incorporationproperties and businesses, and is authorized in good standing and is qualified to carry on transact business as a foreign corporation in all jurisdictions states in which the Assets are located;nature of its business or the properties owned by it require it to qualify to transact business, except for failures to be so qualified or in good standing that would not, in the aggregate, have a material adverse effect on Purchaser or on the transactions contemplated hereby.