Existence and Powers of Sellers and their Related Parties Sample Clauses

Existence and Powers of Sellers and their Related Parties. (i) Such Seller (if a legal entity) and, in case of Sellers Guaranteed by Affiliated Company, such Seller and its respective Affiliated Company’s Guarantor, and, in GSMP’s case, GSMP and each one of its respective GSMP Shareholders which are legal entities, is a duly incorporated company and validly existing under the Applicable Laws and is in good standing under Applicable Laws and has full capacity to own and dispose of its property and assets, including its Shares, and to conduct its activities as currently conducted, (ii) Such Seller (if an individual), and in GSMP’s case, and each one of its respective GSMP Shareholders, who are individuals, is a natural person in full possession of their civil rights and has full capacity to own and dispose of their property and assets, including their Shares.
AutoNDA by SimpleDocs

Related to Existence and Powers of Sellers and their Related Parties

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!