Common use of Organization and Authority of Seller Clause in Contracts

Organization and Authority of Seller. Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary power and authority to own, lease and operate its properties and conduct its business as it is currently being conducted.

Appears in 3 contracts

Samples: Purchase and Assignment Agreement (Vornado Operating Co), Purchase Agreement (Vornado Operating Co), Purchase and Assignment Agreement (Vornado Operating Co)

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Organization and Authority of Seller. Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary corporate power and authority to own, lease and operate its properties and conduct its business as it is currently being conducted.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Vornado Operating Co), Asset Purchase Agreement (Vornado Operating Co)

Organization and Authority of Seller. Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller Delaware and it has all necessary full power and authority to ownown and lease the Assets, lease and operate to transfer them to the Buyer as provided herein. Seller has full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby. Seller has taken all action required by law and its properties and conduct its business as it is currently being conductedgoverning documents to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: Asset Acquisition Agreement (University General Health System, Inc.), Asset Acquisition Agreement (University General Health System, Inc.)

Organization and Authority of Seller. Seller is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller Delaware and has all necessary corporate power and authority to ownenter into and perform this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly authorized, lease executed and operate delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against it in accordance with its properties and conduct its business as it is currently being conductedterms.

Appears in 1 contract

Samples: Purchase Agreement (Fiberite Holdings Inc)

Organization and Authority of Seller. Seller is a limited liability company corporation, duly organized, organized and validly existing and in good standing under the laws Laws of the State of Delaware. Seller has all necessary corporate power and authority to own, operate and lease and operate its properties and conduct assets and to carry on its business as it is currently being conductedbusiness.

Appears in 1 contract

Samples: Stock Purchase Agreement (Powell Industries Inc)

Organization and Authority of Seller. Seller is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller New Jersey, and has all necessary requisite corporate power and authority to own, own or lease and operate its properties and conduct its business to carry on the Business as it is currently being now conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kids Stuff Inc)

Organization and Authority of Seller. Seller is a limited liability company corporation duly organizedincorporated, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary , with full corporate power and authority to own, lease and operate own its properties and conduct to carry on its business as it is currently now being conducted. Seller is duly qualified to do business as a foreign corporation and is in good standing under the laws of each state or other jurisdiction where the failure to be so qualified and in good standing would have a material adverse effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clearpoint Business Resources, Inc)

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Organization and Authority of Seller. Seller is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary power and authority to own, lease and operate its properties and conduct its business as it is currently being conducted.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Seabulk International Inc)

Organization and Authority of Seller. (a) Seller is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary full corporate power and authority to own, own or lease and to operate and use its properties and conduct to carry on its business as it is currently being now conducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aegis Consumer Funding Group Inc)

Organization and Authority of Seller. Seller is a limited liability company corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary corporate power and authority to own, lease and operate its properties and conduct its business as it is currently being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vornado Operating Co)

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