Common use of Due Organization of Seller Clause in Contracts

Due Organization of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and corporate authority to own, lease and operate its properties and conduct its business as it is presently being conducted.

Due Organization of Seller. The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and . The Seller (i) has all requisite corporate power and corporate authority to own, lease own the Acquired Assets and operate its properties and conduct its business to carry on the Business as it is presently now being conducted, and (ii) is in good standing and is duly qualified to transact the Business in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.

Due Organization of Seller. Seller is a corporation duly organized, validly existing and in good standing as a domestic corporation under the laws of the State state of Delaware, and has Delaware with all requisite corporate power and corporate authority to ownexecute, lease deliver and operate its properties perform this Agreement and conduct its business to consummate the Transactions (as it is presently being conducteddefined below) to be consummated by it. For purposes of this Agreement, "Transactions" means the transactions contemplated by this Agreement, the Budget Stock Purchase Agreement and the Common Stock Purchase Agreement.