Legal Status of Seller Sample Clauses

Legal Status of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, and it has all requisite power and authority to lease and operate its properties and assets and carry on the business as it is now conducted. Seller is duly qualified to transact business as a corporation and is in good standing in all jurisdictions in which the failure to be so qualified would result in a material liability to Seller or have a material adverse effect upon the business of Seller. Seller has full power and authority to execute, deliver and perform this Agreement.
Sample 1
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Legal Status of Seller. In the circumstances, the Seller has the absolute right, title and interest of any and every nature whatsoever in the Said Property. 2nd Schedule Part-I (Said Flat) Residential Flat No.__________, ___________floor, built-up area approximately ____________ ( ) square feet, delineated on the Plan B annexed hereto and bordered in colour Green thereon comprised in the Said Block No. delineated on the Plan A annexed hereto and bordered in colour Green thereon forming part of the Said Complex named Ideal Hill View. Part-II (Parking Space) ( ) Covered Car Parking Space No. in the basement/ground floor and ( ) Open Car Parking Space No. in the open areas of the Said Premises for parking of medium sized motor cars, delineated on the Plan C annexed hereto and bordered in colour Blue thereon. Part-III (Said Flat And Appurtenances) [Subject Matter of Sale] The Said Flat, being the flat described in Part I of the 2nd Schedule above. The right to park in the Parking Space, being the Parking Space described in Part-II of the 2nd Schedule above, if any. The Land Share, being undivided, impartible, proportionate and variable share and/or interest in the land comprised in Said Property described in Part I of the 1st Schedule above, as is attributable to the Said Flat. The Share In Common Portions, being undivided, impartible, proportionate and variable share and/or interest in the Common Portions described in the 3rd Schedule below, as is attributable to the Said Flat. 3rd Schedule (Common Portions) Said Block Level: Common Portions as are common between the co-owners of the Said Block: • Lobbies, staircases and landings of the Said Block. • Stair head room and electric meter space of the Said Block. • Lift machine room, chute and lift well of the Said Block. • Common installations on the roof above the top floor of the Said Block. • Ultimate/top roof above the top floor of the Said Block. • Overhead water tank, water pipes and sewerage pipes of the Said Block (save those inside any Unit or attributable thereto). • Drains, sewerage pits and pipes within the Said Block (save those inside any Unit or attributable thereto). • Electrical Installations including wiring and accessories (save those inside any Unit or attributable thereto) for receiving electricity from Electricity Supply Agency to all the Units in the Said Block and Common Portions within or attributable to the Said Block. • Lift and lift machinery of the Said Block. • Fire fighting equipment and accessories in th...
Sample 1
Legal Status of Seller. Seller has full power and authority to execute, deliver and perform this Agreement.
Sample 1
Legal Status of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of California, and it has all requisite power and authority to own, lease and operate its properties and assets and carry on the business as it is now conducted. Seller is duly qualified to transact business as a corporation and is in good standing in all jurisdictions in which the failure to be so qualified would result in a material liability to Seller or have a material adverse effect upon the business of Seller. Seller has full power and authority to execute, deliver and perform this Agreement.
Sample 1
Legal Status of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Washington, and it has all requisite power and authority to lease and operate its properties and assets and carry on the business as it is now conducted. Seller is duly qualified to transact business as a corporation and is in good standing in all jurisdictions in which the failure to be so qualified would result in a material liability to Seller or have a material adverse effect upon the business of Seller. Seller has full power and authority to execute, deliver and perform this Agreement. Seller is a wholly-owned subsidiary of Ride.
Sample 1
Legal Status of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and it has all requisite power and authority to own, lease and operate its properties and assets and carry on the business as it is now conducted. Seller is duly qualified to transact business as a corporation and is in good standing in all jurisdictions in which the failure to be so qualified would result in a material liability to Seller or to the Business or have a material adverse effect upon the business of Seller or to the Business. Seller has full power and authority to execute, deliver and perform this Agreement and all other agreements and documents required in this Agreement to be delivered by Seller.
Sample 1
Legal Status of Seller 
Sample 1
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Related to Legal Status of Seller

  • Status of Seller The Seller is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Seller is not subject to regulation as a “holding company”, an “affiliate” of a “holding company”, or a “subsidiary company” of a “holding company”, within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • 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.

  • Opinion of Seller's Counsel Seller shall have delivered to Purchaser an opinion of counsel for Seller, dated as of the Closing Date and in form satisfactory to Purchaser's counsel, to the effect that:

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

  • 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.

  • Responsibilities of Seller Anything herein to the contrary notwithstanding, the exercise by Agent, the Purchaser Agents and the Purchasers of their rights hereunder shall not release Servicer, any Originator or Seller from any of their duties or obligations with respect to any Receivables or under the related Contracts. The Purchasers shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of Seller.

  • 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.

  • Shell Status The Company represents that it is not a “shell” issuer and has never been a “shell” issuer, or that if it previously has been a “shell” issuer, that at least twelve (12) months have passed since the Company has reported Form 10 type information indicating that it is no longer a “shell” issuer. Further, the Company will instruct its counsel to either (i) write a 144- 3(a)(9) opinion to allow for salability of the Conversion Shares or (ii) accept such opinion from Holder’s counsel.

  • Closing Deliveries of Seller At the Closing, Seller shall deliver to Purchaser:

  • Organization of Seller The Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

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