Common use of Due Formation Clause in Contracts

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 95 contracts

Sources: Share and Warrant Purchase Agreement (LakeShore Biopharma Co., Ltd.), Share and Warrant Purchase Agreement (Crystal Peak Investment Inc.), Subscription Agreement (Yuanbao Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liabilitycompany, duly incorporated, validly existing and in good standing under the laws of the Cayman Islands. The Each of the Company and the Company’s Subsidiaries is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each of the Company and the Subsidiaries has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 12 contracts

Sources: Convertible Note Purchase Agreement (Lotus Technology Inc.), Convertible Note Purchase Agreement (Lotus Technology Inc.), Convertible Note Purchase Agreement (Lotus Technology Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted. Each Subsidiary (as defined below) has been duly organized, is validly existing and in good standing under the laws of its jurisdiction of organization, and has the requisite corporate power and authorization to own, lease and operate its properties and to carry on its business as now being conducted and as described in the SEC Documents (as defined below).

Appears in 11 contracts

Sources: Share Subscription Agreement (Law Man San), Subscription Agreement (Caissa Sega Tourism Culture Development Group Co., Ltd.), Subscription Agreement (BHR Winwood Investment Management LTD)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liabilitycompany, duly incorporated, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 10 contracts

Sources: Securities Purchase Agreement (Mercurity Fintech Holding Inc.), Securities Purchase Agreement (Mercurity Fintech Holding Inc.), Securities Purchase Agreement (Mercurity Fintech Holding Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liabilitycompany, duly incorporated, validly existing and in good standing under the laws of the Cayman Islands. The Each of the Company and the Company’s Subsidiaries is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each of the Company and its Subsidiaries has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 9 contracts

Sources: Securities Subscription and Warrant Purchase Agreement (Metalpha Technology Holding LTD), Securities Purchase Agreement (Dragon Victory International LTD), Share Subscription and Warrant Purchase Agreement (The9 LTD)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to own and lease its properties, to carry on its business as it is currently being conductedconducted and as proposed to be conducted by it and to carry out the transactions contemplated by this Agreement.

Appears in 3 contracts

Sources: Share Purchase Agreement (Jianpu Technology Inc.), Share Purchase Agreement (Jianpu Technology Inc.), Share Purchase Agreement (Jianpu Technology Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted. Each Subsidiary (as defined below) has been duly organized, is validly existing and in good standing under the laws of its jurisdiction of organization and has the requisite corporate power and authorization to own, lease and operate its properties and to carry on its business as now being conducted.

Appears in 2 contracts

Sources: Subscription Agreement (XChange TEC.INC), Subscription Agreement (Azure Investments LTD)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted. Each Subsidiary (as defined below) has been duly organized, is validly existing and in good standing under the laws of its jurisdiction of organization, and has the requisite corporate power and authorization to own, lease and operate its properties and to carry on its business as now being conducted.

Appears in 2 contracts

Sources: Subscription Agreement (Plutus Financial Group LTD), Subscription Agreement (Jupai Holdings LTD)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liabilitycompany, duly incorporated, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.​ ​

Appears in 2 contracts

Sources: Securities Purchase Agreement (Mercurity Fintech Holding Inc.), Securities Purchase Agreement (Mercurity Fintech Holding Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liabilitycompany, duly incorporated, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.​ ​ ​ ​

Appears in 2 contracts

Sources: Securities Purchase Agreement (Mercurity Fintech Holding Inc.), Securities Purchase Agreement (Mercurity Fintech Holding Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted and as proposed to be conducted.

Appears in 1 contract

Sources: Share Purchase Agreement (Jianpu Technology Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liabilitycompany, duly incorporated, validly existing and in good standing under the laws of the Cayman Islands. The Each of the Company and the Company’s Subsidiaries is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each of the Company and the ​ Subsidiaries has all requisite power and authority to carry on its business as it is currently being conducted.

Appears in 1 contract

Sources: Share Subscription Agreement (Dada Nexus LTD)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.. ​ ​ ​ ​

Appears in 1 contract

Sources: Subscription Agreement (9F Inc.)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted. Each Subsidiary (as defined below) has been duly organized, is validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 1 contract

Sources: Subscription Agreement (Maodong Xu)

Due Formation. The Company is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the Cayman Islands. The Company has all requisite power and authority to carry on its business as it is currently being conducted.. ​ ​

Appears in 1 contract

Sources: Subscription Agreement (9F Inc.)