Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company has all requisite power and authority to carry on its business as it is currently being conducted.
Appears in 4 contracts
Samples: Share Subscription Agreement, Series C Preference Shares Subscription Agreement (Bitauto Holdings LTD), Share Subscription Agreement (Bitauto Holdings LTD)
Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company has all requisite power and authority to carry on its business as it is currently being conducted.
Appears in 2 contracts
Samples: Series a Preference Shares Subscription Agreement, Series a Preference Shares Subscription Agreement (JD.com, Inc.)
Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company organization and has all requisite power and authority to carry on its business as it is currently being conducted.
Appears in 2 contracts
Samples: Share Subscription Agreement, Share Subscription Agreement (58.com Inc.)
Due Formation. Each Group Company is duly formed, validly existing and in good standing in the jurisdiction of its organization. Each Group Company organization and has all requisite power and authority to own its properties and assets and to carry on its business as it is currently being conducted.
Appears in 1 contract
Samples: Series B Preferred Share and Warrant Purchase Agreement (58.com Inc.)
Due Formation. Each Group Company is duly formed, validly existing and in good standing in the its jurisdiction of its organization. Each Group Company organization and has all requisite power and authority to carry on its business as it is currently being conducted. The organizational documents, each as amended to date, of each Group Company are in full force and effect. No Group Company is in violation of any of the provisions of its organizational documents in any material respect.
Appears in 1 contract
