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Common use of Existence; Good Standing Clause in Contracts

Existence; Good Standing. Company is a duly formed corporation, validly existing and in good standing under the laws of its state of formation and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its business requires it to be so qualified. Company is not subject to any Insolvency Proceeding.

Appears in 4 contracts

Samples: Customer Investment Agreement (Lemonade, Inc.), Customer Investment Agreement (Lemonade, Inc.), Customer Investment Agreement (Lemonade, Inc.)

Existence; Good Standing. The Company is a an entity duly formed corporationorganized, validly existing and in good standing under the laws of its state jurisdiction of formation and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its business requires it to be so qualified. Company is not subject to any Insolvency Proceedingorganization.

Appears in 2 contracts

Samples: Tender Offer Agreement (FMCC Acquisition Corp), Tender Offer Agreement (First of Michigan Capital Corp)

Existence; Good Standing. The Company is a corporation duly formed corporationorganized, validly existing and in good standing under the laws of its state jurisdiction of formation and incorporation. The Company is duly qualified or licensed to do business, and is business in good standing, standing in every jurisdiction where in which the nature conduct of its business requires it to be so qualified. Company is not subject to any Insolvency Proceedingqualified or licensed.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hydron Technologies Inc)