Legal Status of Company Sample Clauses

Legal Status of Company. The Company shall maintain the legal status of the Company and shall not permit same to be liquidated, wound down or dissolved until all the Company’s obligations under this Agreement have been fully and finally performed and satisfied. The Directors of the Company will be personally liable, on a joint and several basis, should the Company breach the terms of this provision.
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Legal Status of Company. Section 1.01. The Company is a Corporation duly organized, validly existing and in good standing under the laws of the State of California, with corporate power to own property and carry on its business as it is now being conducted. Company has its principal officer and place of business at 2015 Univxxxxxx Xxxxx, Xxxxxx Xxxxxxxxx, Xxxxxxxxxx 00000. Legal Status of Distributor
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Legal Status of Company. The Members do not intend that the Company be a co-partnership, limited partnership or corporation, and none of the Members or Managers of the Company is a partner of any other Member or Manager, except for purposes of federal and state tax law, and this Agreement shall not be construed as providing otherwise.
Sample 1
Legal Status of Company. The purpose of this AGREEMENT is for the COMPANY to become and remain eligible to participate in the PROGRAM and to ensure adherence to the policies, rules and regulations of the PROGRAM. The COMPANY is an independent entity entirely separate and distinct from PG&E, the FOUNDATION, and/or the PROGRAM. This AGREEMENT is not intended to and shall not be construed to create the relationship of contractor, subcontractor, employer, employee, partnership, agent, servant, or joint venture between the FOUNDATION or PG&E and the COMPANY, or any persons employed by the COMPANY including subcontractors or employees thereof. COMPANY shall control the manner and means of accomplishing the performance pursuant to the policies, rules and regulations of the PROGRAM as set forth in the AGREEMENT. Any contractual arrangements between COMPANY and CLIENTS are strictly matters between COMPANY and CLIENTS only; neither PROGRAM nor the FOUNDATION, nor PG&E are or shall be a party thereto, nor have any responsibility therefor. COMPANY shall be solely responsible for any and all compensation of individuals providing services pursuant to this AGREEMENT, including but not limited to, Federal and State withholding taxes, Workers Compensation, and other fringe benefits required by law or contract.
Sample 1

Related to Legal Status of Company

  • Legal Status Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

  • Organizational Status The Borrower is validly organized and existing and in good standing under the laws of the state or jurisdiction of its incorporation or organization, is duly qualified to do business and is in good standing as a foreign entity in each jurisdiction where the nature of its business requires such qualification (except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect), and has full power and authority and holds all requisite governmental licenses, permits and other approvals to enter into and perform its obligations under this Agreement, to own and hold under lease its property and to conduct its business substantially as currently conducted by it.

  • Financial Status The average annual turnover from similar jobs, of the firm should not be less than 15 Lakhs in the last three years. Copies of profit & loss account and balance sheets duly authenticate by a Chartered Accountant for the last three years should be enclosed.

  • Status of Consultant It is the intent of the parties that Consultant shall be considered an independent contractor and that Consultant, and anyone else for whom it is legally liable, shall not be considered employees, servants or agents of the City for any purpose. Furthermore, this Agreement shall not be construed to create a partnership or joint venture between the Consultant and the City. Neither Consultant nor any of its employees or contractors shall be eligible to participate in City’s industrial insurance, unemployment, disability, medical, dental, life or other insurance programs, or any other benefit or program that is sponsored, financed or provided by City for its employees. Consultant agrees that it shall be Consultant’s exclusive responsibility to pay all federal, state, or local payroll, social security, disability, industrial insurance, self-employment insurance, income and other taxes and assessments related to this Agreement. Neither FICA (Social Security), FUTA (Federal Employment), nor local, state or federal income taxes will be withheld from payments to Consultant. Consultant shall at Consultant’s expense pay and be fully liable and responsible for, and indemnity and hold harmless City from, any assessments, fines or penalties relating to Consultant’s failure to uphold any of these responsibilities.

  • Status of Parties The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.

  • Business Activities; Change of Legal Status and Organizational Documents The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on the date hereof and business reasonably related thereto; (ii) change its name, its type of organization, its jurisdictions of organization or other legal structure; or (iii) permit its articles of incorporation (including any certificates of designation, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization or similar governing or organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.

  • CONTRACTUAL STATUS 10.1 This Agreement shall be executed and become effective on the date first written above if approved by a vote of the Board of Trustees of the Trust, including an affirmative vote of a majority of the non-interested members of the Board, cast in person at a meeting called for the purpose of voting on such approval. It shall continue in effect for an indeterminate period, and is subject to termination on sixty (60) days' notice by either party unless earlier terminated or amended by agreement among the parties. Compensation under this Agreement shall require approval by a majority vote of the Board of Trustees of the Trust, including an affirmative vote of the majority of the non-interested members of the Board cast in person at a meeting called for the purpose of voting on such approval.

  • Opinion of Company Counsel On each Closing Date, there shall have been furnished to you, as Representative of the several Underwriters, the opinions of (i) Xxxx Xxxxxxxx LLP, counsel for the Company, and Xxxxxx Xxxxxxx Xxxxx & Bear, LLP, intellectual property counsel for the Company, dated such Closing Date and addressed to you, in form and substance satisfactory to you.

  • Status of Buyer Buyer is an “accredited investor" within the meaning of Rule 501 promulgated under the Securities Act.

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