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 Florida 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 4 contracts
Samples: Convertible Note Purchase Agreement (MOVING iMAGE TECHNOLOGIES INC.), Convertible Promissory Note (First Harvest Corp.), Convertible Promissory Note (First Harvest Corp.)
