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

Organization and Good Standing of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of California and has the power and authority to enter into this Agreement and the Exhibits hereto and to consummate all of the transactions contemplated hereby and thereby. All actions of Seller necessary for such execution, delivery and performance have been, or, as of the Closing Date, will have been duly taken.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Hightimes Holding Corp.), Asset Purchase Agreement (Hightimes Holding Corp.), Asset Purchase Agreement

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Organization and Good Standing of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of California and has the power and authority to enter into this Agreement and the Exhibits hereto and to consummate all State of the transactions contemplated hereby and thereby. All actions of Seller necessary for such execution, delivery and performance have been, or, as of the Closing Date, will have been duly takenCalifornia.

Appears in 2 contracts

Samples: Asset Purchase Agreement (New 360), Asset Purchase Agreement (Point 360)

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