Common use of Due Organization and Qualification; Subsidiaries; Due Authorization Clause in Contracts

Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its business and properties and to carry on its business in the places and in the manner as presently conducted. The Company is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualify, which when taken together with all other failures to qualify, is not likely to have a material adverse effect on the business of the Company.

Appears in 7 contracts

Samples: Securities Purchase Agreement (AgriSolar Solutions, Inc.), Stock Purchase Agreement (Afh Holding Ii, Inc.), Securities Purchase Agreement (Asianada, Inc.)

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Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its respective business and properties and to carry on its respective business in the places and in the manner as presently conducted or proposed to be conducted. The Company is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualifysuch failure, which when taken together with all other failures to qualifyfailures, is not likely to have a material adverse effect on the business of the CompanyCompany and its Subsidiaries taken as a whole.

Appears in 6 contracts

Samples: Share Exchange Agreement (Tridon Enterprises Inc), Share Exchange Agreement (Fantatech Inc), Share Exchange Agreement (Carcorp Usa Corp)

Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its respective business and properties and to carry on its respective business in the places and in the manner as presently conducted or proposed to be conducted. The Company is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualifysuch failure, which when taken together with all other failures to qualifyfailures, is not likely to have a material adverse effect on the business of the CompanyCompany taken as a whole.

Appears in 2 contracts

Samples: Exchange Agreement (Holmes Microsystems Inc), Exchange Agreement (Chen Yi Biao)

Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company and each Subsidiary of the Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its respective business and properties and to carry on its respective business in the places and in the manner as presently conducted or proposed to be conducted. The Company and each Subsidiary is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualifysuch failure, which when taken together with all other failures to qualifyfailures, is not likely to have a material adverse effect on the business of the CompanyCompany and its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Computer Marketplace Inc), Stock Purchase Agreement (Chattown Com Network Inc)

Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company and each Subsidiary of the Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its respective business and properties proper ties and to carry on its respective business in the places and in the manner as presently conducted or proposed to be conducted. The Company and each Subsidiary is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualifysuch failure, which when taken together with all other failures to qualifyfailures, is not likely to have a material adverse effect on the business of the CompanyCompany and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Stock Purchase Agreement (Area Investment & Development Co /Ut/)

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Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its respective business and properties and to carry on its respective business in the places and in the manner as presently conducted or proposed to be conducted. The Company is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualifysuch failure, which when taken together with all other failures to qualifyfailures, is not likely to have a material adverse effect Material Adverse Effect on the business of the Company.Company taken as a whole. ("

Appears in 1 contract

Samples: Share Exchange Agreement (Main Edge International LTD)

Due Organization and Qualification; Subsidiaries; Due Authorization. (a) The Company and each subsidiary of the Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of formation, with full corporate power and authority to own, lease and operate its respective business and properties and to carry on its respective business in the places and in the manner as presently conducted or proposed to be conducted. The Company and each subsidiary of the Company is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification except for any failure to qualifysuch failure, which when taken together with all other failures to qualifyfailures, is not likely to have a material adverse effect on the business of the CompanyCompany taken as a whole.

Appears in 1 contract

Samples: Exchange Agreement (New Dragon Asia Corp)

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