Common use of Existence; Good Standing; Corporate Authority Clause in Contracts

Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority would not materially adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreement.

Appears in 3 contracts

Samples: Merger Agreement (Hughes Electronics Corp), Merger Agreement (Telocity Delaware Inc), Agreement and Plan of Merger (Telocity Delaware Inc)

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Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organizedincorporated, validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority would not materially adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreementincorporation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Tambrands Inc), Merger Agreement (Procter & Gamble Co), Merger Agreement (Procter & Gamble Co)

Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organizedincorporated, validly existing and in good standing under the laws of its jurisdiction of organization incorporation and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority would not materially adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreement.

Appears in 3 contracts

Samples: Merger Agreement (Quad-C Inc), Merger Agreement (Avery Dennison Corporation), Merger Agreement (Stimsonite Corp)

Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organizedincorporated, validly existing and in good standing under the laws of its jurisdiction of organization incorporation and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority individually or in the aggregate would not materially adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Sinter Metals Inc), Merger Agreement (GKN Powder Metallurgy Inc)

Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organizedincorporated, validly existing and in good standing under the laws of its jurisdiction of organization incorporation and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority individually or in the aggregate would not materially adversely affect the ability of Purchaser or and Merger Sub to consummate the transactions contemplated by this AgreementSub, taken as a whole.

Appears in 2 contracts

Samples: Merger Agreement (Community Health Systems Inc/), Merger Agreement (Summit Petroleum Corp)

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Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority would not materially adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Telelogic Ab)

Existence; Good Standing; Corporate Authority. Each of Purchaser and --------------------------------------------- Merger Sub is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority would not materially adversely affect or delay the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Uproar Inc)

Existence; Good Standing; Corporate Authority. Each of Purchaser --------------------------------------------- and --------------------------------------------- Merger Sub is a corporation duly organizedincorporated, validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite corporate power and authority to own, operate and lease its properties and carry on its business as now conducted, except where the failure to have such power and authority would not materially adversely affect the ability of Purchaser or Merger Sub to consummate the transactions contemplated by this Agreementincorporation.

Appears in 1 contract

Samples: Merger Agreement (Raster Graphics Inc)

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