Due Organization; Power and Good Standing. SNAP is duly organized, ----------------------------------------- validly existing and in good standing under the laws of its jurisdiction of organization, and has the requisite power and authority to own, lease and operate its properties and to conduct its business as now conducted by it. SNAP is qualified to do business and is in good standing in all jurisdictions in which it conducts its business, except where the failure to do so would not, individually or in the aggregate, taken as a whole, have a Material Adverse Effect. SNAP has no Subsidiaries other than SNAP International LLC which has not commenced business operations and has no material assets or liabilities.
Appears in 4 contracts
Samples: Agreement and Plan of Contribution, Investment and Merger (General Electric Co), Merger Agreement (Xoom Inc), Merger Agreement (General Electric Co)
