Common use of Existence and Capacity Clause in Contracts

Existence and Capacity. Seller is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all requisite corporate power and authority to execute and deliver this Agreement, perform its obligations hereunder, consummate the transactions contemplated hereby, and conduct its business as now being conducted.

Appears in 2 contracts

Samples: Purchase and Assignment Agreement (Crossroads Systems Inc), Purchase and Assignment Agreement

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Existence and Capacity. Seller is a corporation, duly organized, organized and validly existing and in good standing under the laws Laws of the State of Delaware. Seller has all the requisite corporate power and authority to execute and deliver enter into this Agreement, to perform its obligations hereunderhereunder and to conduct its business as now being conducted. Each Seller Entity is a limited partnership, consummate limited liability company or corporation, duly organized and validly existing in good standing under the transactions contemplated herebyLaws of the state of its formation or incorporation, as the case may be. Each Seller Entity has the requisite power and authority to conduct its business as now being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Community Health Systems Inc)

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Existence and Capacity. Seller is a corporation, duly organized, organized and validly existing and in good standing under the laws of the State of Delaware. Seller has all the requisite corporate power and authority to execute and deliver enter into this Agreement, to perform its obligations hereunderhereunder and to conduct its business as now being conducted. Each Seller Entity is a corporation, consummate duly organized and validly existing and in good standing under the transactions contemplated hereby, laws of the State of West Virginia. No Seller Entity has operations outside of West Virginia with respect to the Assets. Each Seller Entity has the requisite power and authority to conduct its business as now being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Community Health Systems Inc)

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