Common use of Organization and Good Standing; Power and Authority; Qualifications Clause in Contracts

Organization and Good Standing; Power and Authority; Qualifications. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to own, lease and operate its properties, to carry on its business as presently conducted and as proposed to be conducted. The Company has all requisite corporate power and authority to enter and deliver this Agreement, to perform its obligations hereunder and carry out the transactions contemplated by the Agreement.

Appears in 4 contracts

Samples: Purchase Agreement (United Auto Group Inc), Purchase Agreement (United Auto Group Inc), Purchase Agreement (Penske Capital Partners LLC)

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Organization and Good Standing; Power and Authority; Qualifications. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to own, lease and operate its properties, to carry on its business as presently conducted and as proposed to be conducted. The Company has all requisite corporate power and authority to enter and deliver this Agreement, to perform its obligations hereunder into and carry out the transactions contemplated by the AgreementDocuments.

Appears in 2 contracts

Samples: Purchase Agreement (United Auto Group Inc), Purchase Agreement (Penske Capital Partners LLC)

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Organization and Good Standing; Power and Authority; Qualifications. The Company (i) is a corporation duly organized, validly existing and in good standing under the laws of the State state of Delaware, and (ii) has all requisite corporate power and authority to own, lease and operate its properties, properties and to carry on its business as presently conducted and as proposed to be conducted. The Company conducted and (iii) has all requisite corporate power and authority to enter and deliver this Agreement, to perform its obligations hereunder into and carry out the transactions contemplated by the this Agreement.

Appears in 1 contract

Samples: Stock Subscription Agreement (Stemline Therapeutics Inc)

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