Foreign Good Standings Sample Clauses
The Foreign Good Standings clause requires a party to confirm and maintain its legal status and compliance in jurisdictions outside its home country. Typically, this means the party must provide evidence, such as certificates or official documents, showing it is properly registered and authorized to conduct business in each relevant foreign location. This clause ensures that all parties involved are legally permitted to operate internationally, reducing the risk of regulatory issues or contract breaches due to non-compliance with foreign laws.
Foreign Good Standings. The Advisor is duly qualified or licensed and is in good standing in each jurisdiction in which the nature or conduct of its business requires such qualification or license and in which the failure, individually or in the aggregate, to be so qualified or licensed could reasonably be expected to have a material adverse effect on the assets, business, operations, earnings, properties or condition (financial or otherwise) of the Advisor (an “Advisor Material Adverse Effect”).
Foreign Good Standings. Each of the Company and the Subsidiaries is duly qualified or licensed and is in good standing in each jurisdiction in which the nature or conduct of its business requires such qualification or license and in which the failure, individually or in the aggregate, to be so qualified or licensed could reasonably be expected to have a material adverse effect on the assets, business, operations, earnings, properties or condition (financial or otherwise) of the Company and the Subsidiaries taken as a whole (a “Material Adverse Effect”). Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, no Subsidiary is prohibited or restricted, directly or indirectly, from paying dividends to the Company, or from making any other distribution with respect to such Subsidiary’s capital stock or other equity interests or from repaying to the Company or any other Subsidiary any amounts that may from time to time become due under any loans or advances to such Subsidiary from the Company or such other Subsidiary, or from transferring any such Subsidiary’s property or assets to the Company or to any other Subsidiary. Other than as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company does not own, directly or indirectly, any capital stock or other equity securities of any other corporation or any ownership interest in any partnership, joint venture or other association.
Foreign Good Standings. Each of the Company and the Subsidiaries is duly qualified or licensed and is in good standing in each jurisdiction in which the nature or conduct of its business requires such qualification or license and in which the failure, individually or in the aggregate, to be so qualified or licensed could reasonably be expected to have a material adverse effect on the assets, business, operations, earnings, properties or condition (financial or otherwise) of the Company and the Subsidiaries taken as a whole (a “Material Adverse Effect”). Except as disclosed in the Registration Statement and the Prospectus, no Subsidiary is prohibited or restricted, directly or indirectly, from paying dividends to the Company, or from making any other distribution with respect to such Subsidiary’s capital stock or other equity interests or from repaying to the Company or any other Subsidiary any amounts that may from time to time become due under any loans or advances to such Subsidiary from the Company or such other Subsidiary, or from transferring any such Subsidiary’s property or assets to the Company or to any other Subsidiary. Other than as disclosed in the Registration Statement and the Prospectus, the Company does not own, directly or indirectly, any capital stock or other equity securities of any other corporation or any ownership interest in any partnership, joint venture or other association.
Foreign Good Standings. The Company is qualified to conduct business in the following states (other than its state of organization): State Is the Company in Good Standing (Y/N) California Y 16. Past-Due State Franchise Taxes. Is the Company delinquent on any state-level franchise taxes which the Company is obligated to pay? If so, please fill in the additional information: ☒ No. ☐ Yes. If yes, indicate percentage of total accounts receivable: _________%. State Amount Past Due Days Past Due % of Company’s Total Receivables from Customers in State ___% ___% ___% ___% ___% ___% ___% 17.
Foreign Good Standings. The Company is qualified to conduct business in the following states (other than its state of organization): State Is the Company in Good Standing (Y/N) California Y Florida Y Georgia Y Hawaii Y Indiana Y New Jersey Y Nevada Y Tennessee Y Utah Y Washington Y Wisconsin Y 16. Past-Due State Franchise Taxes. Is the Company delinquent on any state-level franchise taxes which the Company is obligated to pay? If so, please fill in the additional information: ☒ No. ☐ Yes. If yes, indicate percentage of total accounts receivable: _________%. State Amount Past Due Days Past Due % of Company’s Total Receivables from Customers in State ___% ___% ___% ___% ___% ___% ___% 17.
Foreign Good Standings. From each jurisdiction where each Company is required to be qualified, except where the failure to be so qualified would not reasonably be likely to result in a Material Adverse Effect, dated within a recent date prior to the Closing Date and satisfactory to the Investors’ counsel.