Common use of Due Incorporation; Power Clause in Contracts

Due Incorporation; Power. Purchaser is a corporation duly organized, validly existing and in good standing, and no certificate of dissolution has been filed under the laws of its jurisdiction of organization. Purchaser has the corporate power to own its properties and to carry on its business as now being conducted. Purchaser is not in violation of any of the provisions of its Certificate of Incorporation or Bylaws.

Appears in 3 contracts

Samples: Letter Agreement (Granite Investor Group, Inc.), Letter Agreement (RFG Acquisition II Inc.), Redemption Agreement (Vision Acquisition v Inc)

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Due Incorporation; Power. Purchaser Buyer is a corporation duly organized, validly existing and in good standingstanding under the laws of the jurisdiction of its incorporation, as applicable and no certificate of dissolution has been filed under the laws of its jurisdiction of organization. Purchaser Buyer has the corporate power to own its properties and to carry on its business as now being conducted. Purchaser Buyer is not in violation of any of the provisions of its Certificate of Incorporation or Bylaws.

Appears in 1 contract

Samples: Option Agreement (Protea Biosciences Group, Inc.)

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Due Incorporation; Power. Purchaser is a corporation duly organized, validly existing and in good standing, and no certificate of dissolution has been filed under the laws of its jurisdiction of organization. Purchaser has the corporate power to own its properties and to carry on its business as now being conducted. Purchaser is not in violation of any of the provisions of its Certificate Articles of Incorporation or BylawsOperating Agreement.

Appears in 1 contract

Samples: Letter Agreement (Minn Shares Inc)

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