Common use of Organization and Good Standing of Purchaser Clause in Contracts

Organization and Good Standing of Purchaser. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. Purchaser has the corporate power and authority to own, lease and operate all properties and assets now owned, leased or operated by it and to carry on its business as now conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Payment Data Systems Inc)

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Organization and Good Standing of Purchaser. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. Purchaser California, has the corporate full power and authority to own, carry on its business as and where now conducted and to own or lease and operate all its properties at and assets where now owned or leased and operated by it, and is duly qualified to do business and is in good standing in every jurisdiction in which the property owned, leased or operated by it and to carry on its it, or the nature of the business as now conductedconducted by it, makes such qualification necessary.

Appears in 1 contract

Samples: Asset Purchase Agreement (Childrens Wonderland Inc)

Organization and Good Standing of Purchaser. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. Purchaser Nevada and any other states as may be required for Purchaser's business and has the all requisite corporate power and authority to own, lease and operate all properties its property and assets now owned, leased or operated by it and to carry on its business as now presently conducted.

Appears in 1 contract

Samples: Stock Exchange Agreement and Plan of Reorganization (Universal Broadband Communications Inc)

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Organization and Good Standing of Purchaser. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. Purchaser California and has the all requisite corporate power and authority to own, lease and operate all properties its property and assets now owned, leased or operated by it and to carry on its business as now presently conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Universal Broadband Communications Inc)

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