Common use of Organization and Qualification of Seller Clause in Contracts

Organization and Qualification of Seller. Seller is a corporation duly organized, validly existing and in good standing under the Laws of the state of Florida and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted. Section 4.01 of the Disclosure Schedules sets forth each jurisdiction in which Seller is licensed or qualified to do business, and Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cryo Cell International Inc)

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Organization and Qualification of Seller. Seller is a corporation limited liability company duly organized, validly existing and in good standing under the Laws of the state of Florida Texas and has full corporate limited liability company power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted. Section 4.01 of the Disclosure Schedules sets forth each jurisdiction in which Seller is licensed or qualified to do business, and Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Intellinetics, Inc.)

Organization and Qualification of Seller. Seller is a corporation limited partnership duly organized, validly existing and in good standing under the Laws of the state of Florida Texas and has full corporate limited partnership power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted. Section 4.01 of the Disclosure Schedules sets forth each jurisdiction in which Seller is licensed or qualified to do business, and Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing be licensed would not, individually or in the aggregate, not have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Information Services Group Inc.)

Organization and Qualification of Seller. Seller is a corporation limited liability company duly organized, validly existing and in good standing under the Laws of the state of Florida Texas and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted. Except as set forth in Section 4.01 of the Disclosure Schedules sets forth each jurisdiction in which Seller is licensed or qualified to do businessSchedules, and Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary, except where the failure . Seller previously has delivered to be so licensed, qualified or Buyer true and complete copies of its certificate of formation and operating agreement as presently in good standing would not, individually or in the aggregate, have a Material Adverse Effecteffect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sg Blocks, Inc.)

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Organization and Qualification of Seller. Seller is a corporation duly organized, validly existing and in good standing under the Laws of the state State of Florida Texas and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted. Section 4.01 of the Disclosure Schedules sets forth each jurisdiction in which Seller is licensed or qualified to do business, and Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crown Electrokinetics Corp.)

Organization and Qualification of Seller. Seller is a corporation limited partnership duly organized, validly existing and in good standing under the Laws of the state of Florida Texas and has full corporate partnership power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted. Section 4.01 of the Disclosure Schedules sets forth each jurisdiction in which Seller is licensed or qualified to do business, and . Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (RE/MAX Holdings, Inc.)

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