Common use of Organization and Standing of Seller Clause in Contracts

Organization and Standing of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the Commonwealth of Massachusetts, has full legal power and authority to own its assets and operate its Business as heretofore conducted and is fully qualified to transact business and is in good standing in each other jurisdiction in which the nature of the property owned or the Business transacted requires such qualification. Seller has no subsidiaries. The Shareholders are all of the shareholders of Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (National Technical Systems Inc /Ca/)

AutoNDA by SimpleDocs

Organization and Standing of Seller. Seller is a corporation duly ----------------------------------- organized, validly existing and in good standing under the laws of New Zealand. Seller has the Commonwealth of Massachusetts, has full legal corporate power and authority to own or lease all of its properties and assets and operate to carry on its Business business as heretofore conducted and it is fully qualified to transact business and is in good standing in each other jurisdiction in which the nature of the property owned or the Business transacted requires such qualification. Seller has no subsidiaries. The Shareholders are all of the shareholders of Sellernow being conducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bil Securities Offshore LTD)

Organization and Standing of Seller. Seller is a corporation duly organized, organized and validly existing and corporation, in good standing under the laws of the Commonwealth State of MassachusettsDelaware, and has full legal all requisite power and authority authority, corporate and otherwise, to own its assets own, lease, use and operate its Business properties as heretofore conducted and now conducted. Seller is fully duly qualified to transact do business and is in good standing as a foreign corporation in each other jurisdiction in which the nature State of the property owned or the Business transacted requires such qualification. Seller has no subsidiaries. The Shareholders are all of the shareholders of SellerOhio.

Appears in 1 contract

Samples: Asset Purchase Agreement (Six Flags Inc)

AutoNDA by SimpleDocs

Organization and Standing of Seller. Seller is a corporation duly organized, validly existing and in good standing under the laws of the Commonwealth of Massachusetts, Pennsylvania and is licensed to do business and in good standing in the State of Ohio. Seller has full legal all the necessary corporate power and authority to own its assets hold and operate its Business as heretofore conducted and is fully qualified to transact business and is in good standing in each other jurisdiction in which the nature convey ownership of the property owned or the Business transacted requires such qualification. Seller has no subsidiaries. The Shareholders are all of the shareholders of SellerPremises.

Appears in 1 contract

Samples: Purchase Agreement (Leisure Time Casinos & Resorts Inc)

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