Common use of Due Organization; Qualification and Good Standing Clause in Contracts

Due Organization; Qualification and Good Standing. The Company 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 authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 19 contracts

Samples: Convertible Note Purchase Agreement (Guerrilla RF, Inc.), Convertible Note Purchase Agreement (Guerrilla RF, Inc.), Simple Agreement for Future Equity (Safe) (Reed's, Inc.)

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Due Organization; Qualification and Good Standing. The Company 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 authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 15 contracts

Samples: Convertible Note (Odyssey Semiconductor Technologies, Inc.), Convertible Note (Odyssey Semiconductor Technologies, Inc.), Convertible Note (Odyssey Semiconductor Technologies, Inc.)

Due Organization; Qualification and Good Standing. The Company 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 authority to carry cany on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Armed Forces Brewing Company, Inc.), Equity Incentive Plan (Armed Forces Brewing Company, Inc.)

Due Organization; Qualification and Good Standing. The Company is a corporation limited liability company duly organized, validly existing existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Remembrance Group, Inc.)

Due Organization; Qualification and Good Standing. The Company 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 authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 1 contract

Samples: Convertible Promissory Note

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Due Organization; Qualification and Good Standing. The Company is a corporation limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate limited liability company power and authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (DUET Acquisition Corp.)

Due Organization; Qualification and Good Standing. The Company 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 authority to carry on its business as now conducted, to enter into this Agreement and to perform all obligations required to be performed by it hereunder. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify or to be in good standing would have a material adverse effect on the Company.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (FS Development Corp. II)

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