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

Existence; Good Standing; Corporate Authority. Each of Parent and Merger Sub is a corporation duly incorporated, validly existing and in good standing under the Laws of its jurisdiction of 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, individually or in the aggregate, reasonably be expected be a Parent Material Adverse Effect (as defined in Section 8.7).

Appears in 3 contracts

Samples: Merger Agreement (Integrated Defense Technologies Inc), Merger Agreement (Integrated Defense Technologies Inc), Merger Agreement (DRS Technologies Inc)

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Existence; Good Standing; Corporate Authority. Each of Parent Parent, Purchaser and Merger Sub is a corporation duly incorporated, validly existing and in good standing under the Laws laws of its jurisdiction of incorporation, 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 notauthority, individually or in the aggregate, reasonably be expected be a Parent Material Adverse Effect (as defined in Section 8.7)would not materially adversely affect the ability of Parent, Purchaser and Merger Sub to consummate the transactions contemplated hereby and by the Ancillary Documents.

Appears in 2 contracts

Samples: Merger Agreement (M Acquisition Corp), Merger Agreement (Marcam Solutions Inc)

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Existence; Good Standing; Corporate Authority. Each of Parent and Merger Sub is a corporation are corporations duly incorporated, validly existing and in good standing under the Laws laws of its jurisdiction their respective jurisdictions of incorporation, and . Parent has all requisite corporate power and authority to own, operate and lease its properties and to carry on its business as now conducted, except where . The copies of Parent's certificate of incorporation and bylaws previously made available to the failure to have such power Company are true and authority would not, individually or in correct and contain all amendments as of the aggregate, reasonably be expected be a Parent Material Adverse Effect (as defined in Section 8.7)date hereof.

Appears in 1 contract

Samples: Merger Agreement (Erc Industries Inc /De/)

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