Incorporation, Good Standing and Qualification. The Company is a corporation duly organized, validly existing and in good standing under, and by virtue of, the laws of the State of Delaware. The Company has full corporate power and all lawful authority to own, lease and operate its properties and assets and to carry on its business as presently conducted or as proposed to be conducted. The Company is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction where the character of its properties or the nature of its business makes such qualification or licensing necessary, except where the failure to be so qualified or licensed would not reasonable be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Common Stock Purchase Agreement (1st NRG Corp.), Common Stock Unit Purchase Agreement (New Nrg, Inc.), Common Stock Unit Purchase Agreement (New Nrg, Inc.)
Incorporation, Good Standing and Qualification. The Company is a corporation duly organized, validly existing and in good standing under, and by virtue of, the laws of the State of Delaware. The Company has full corporate power and all lawful authority to own, lease and operate its properties and assets and to carry on its business as presently conducted or as proposed to be conducted. The Company is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction where the character of its properties or the nature of its business makes such qualification or licensing necessary, except where the failure to be so qualified or licensed would not reasonable reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Subscription Agreement (Aclor International, Inc.), Subscription Agreement (Aclor International, Inc.), Unit Subscription Agreement (MVP Holdings Corp)
