Common use of Due Organization; No Subsidiaries; Etc Clause in Contracts

Due Organization; No Subsidiaries; Etc. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all necessary power and authority:

Appears in 2 contracts

Samples: Agreement and Plan (Edgewater Technology Inc/De/), Agreement and Plan of Merger and Reorganization (Innovative Gaming Corp of America)

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Due Organization; No Subsidiaries; Etc. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all necessary power and authority:authority to: (i) conduct its business in the manner in which its business is currently being conducted; (ii) own and use its assets in the manner in which its assets are currently owned and used; and (iii) perform its obligations under all Company Contracts.

Appears in 1 contract

Samples: V 7 Agreement and Plan of Merger And (Cypress Bioscience Inc)

Due Organization; No Subsidiaries; Etc. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all necessary with full corporate power and authority:authority to (i) conduct its business in the manner in which it is now being conducted, (ii) own and use its assets in the manner in which its assets are now being owned and used and (iii) perform its obligations under all Material Company Contracts by which it is bound. The Company has no Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medical Device Alliance Inc)

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Due Organization; No Subsidiaries; Etc. (aA) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all necessary power and authority:: (i) to conduct its business in the manner in which its business is currently being conducted; (ii) to own and use its assets in the manner in which its assets are currently owned and used; and (iii) to perform its obligations under all Company Contracts.

Appears in 1 contract

Samples: Rights Agreement (Proxymed Inc /Ft Lauderdale/)

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