Common use of Existence and Qualification Clause in Contracts

Existence and Qualification. Seller is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware.

Appears in 6 contracts

Samples: Membership Interest Purchase Agreement (Forterra, Inc.), Purchase and Sale Agreement (Talos Energy Inc.), Purchase and Sale Agreement (Talos Energy Inc.)

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Existence and Qualification. Seller is a limited liability company duly organizedformed, validly existing and in good standing under the Laws laws of the State of DelawareDelaware and has the requisite limited liability company power to carry on its business as it is now being conducted. Seller is duly qualified to do business, and is in good standing, in each jurisdiction in which the assets owned or leased by it makes such qualification necessary.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Existence and Qualification. Seller is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware, and Seller has all requisite limited liability company power and authority to conduct its business as presently conducted by it and to own, lease and operate its properties and assets and to enter into this Agreement and the Ancillary Agreements to which it is a party, to carry out its obligation hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Equity Purchase Agreement (Crown Crafts Inc)

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Existence and Qualification. Each Seller is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware.

Appears in 1 contract

Samples: Purchase and Sale Agreement (EnCap Energy Capital Fund X, L.P.)

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