Organization and Formation Sample Clauses

Organization and Formation. Each corporate Buyer is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and corporate authority to own, lease, and operate its properties and to carry on its business as now being conducted. Each partnership Buyer is duly formed and is in good standing (as applicable) under the laws of the jurisdiction of its formation. No actions or proceedings to dissolve any Buyer are pending or, to the best knowledge of Buyers, threatened.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Organization and Formation. APPLICATION OF ACT.
Sample 1Sample 2
Organization and Formation. The Company was organized as a Nevada limited liability company by the filing of the Articles under and pursuant to the Act with the Secretary of State of the State of Nevada on June 17, 2004. The Company was formed effective July 16, 2004.
Sample 1
Organization and Formation. Seller (a) is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware, (b) has the requisite power and authority necessary to carry on the Business as it is now being conducted and to own, lease and operate all of its material properties and assets used in connection with the Business, and (c) is duly licensed or qualified to do business and, with respect to jurisdictions that recognize the concept of “good standing,” in good standing in each jurisdiction in which the nature of the Business as conducted by it or the character or location of the properties and assets owned, leased or operated by it in connection with the Business makes such qualification or licensing necessary under Law, except, in the case of clause (c) above, where the failure to be so licensed, qualified and in good standing would not, individually or in the aggregate, reasonably be expected to have a Seller Material Adverse Effect. No Person, other than Seller, operates any part of the Business, and no Person, other than Seller, owns, leases, or operates any properties and assets used in connection with the operation by Seller of the Business.
Sample 1
Organization and Formation. Application of Act. (a) Organization and Formation of Partnership. The General Partner and the Limited Partners ratify the formation and continuation of the Partnership as a limited partnership according to all of the terms and provisions of this Agreement and otherwise in accordance with the Act. The General Partner is the sole general partner and the Limited Partners are the sole limited partners of the Partnership.
Sample 1
Organization and Formation. The Company was organized as a Nevada limited liability company by the filing of the Articles under and pursuant to the Act with the Secretary of State of the State of Nevada on June 17,
Sample 1
Organization and Formation 
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to Organization and Formation

  • Organization and Good Standing Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

  • Organization and Status Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold under lease and to carry on its business as now being conducted. Purchaser has made available to Seller complete and correct copies of the Organization Documents for Purchaser.

  • Organization and Existence Such Investor is a validly existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to invest in the Securities pursuant to this Agreement.

  • Organization and Standing The Company is a corporation duly formed, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

  • Formation and Name Office; Purpose; Term

  • Organization, etc The Purchaser has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to execute and deliver this Agreement and to perform the terms and provisions hereof.

  • Organizational Existence Except as otherwise permitted by Section 3.6, each Credit Party will and will cause its Subsidiaries to at all times preserve and keep in full force and effect its organizational existence and all rights and franchises material to its business.

  • Incorporation and Organization The Corporation has been incorporated or formed, as the case may be, is organized and is a valid and subsisting corporation or partnership, as the case may be, under the laws of its jurisdiction of existence and has all requisite corporate power and capacity to carry on its business as now conducted or proposed to be conducted and to own or lease and operate the property and assets thereof.

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Formation The Company has been organized as a Delaware limited liability company by the filing of a Certificate of Formation (the “Certificate”) under and pursuant to the Act.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!