Common use of Organization and Standing of the Company Clause in Contracts

Organization and Standing of the Company. The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and is in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business as presently conducted or now proposed to be conducted.

Appears in 5 contracts

Samples: Note Purchase and Warrant Agreement (Fibercore Inc), Note Purchase and Warrant Agreement (Fibercore Inc), Note Purchase and Warrant Agreement (Fibercore Inc)

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Organization and Standing of the Company. The Company is a corporation duly ----------------------------------------- organized and validly existing under the laws of the State of Nevada and is corporation in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has standing, with all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business the Business as presently conducted or now proposed conducted. The Company has not qualified to be conducteddo business in any other jurisdiction.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Winsted Holdings, Inc.), Stock Purchase Agreement (Indiginet Inc/Fl), Stock Purchase Agreement (Indiginet Inc/Fl)

Organization and Standing of the Company. The Company is a corporation ------------------------------------------- duly organized and validly existing under the laws of the State of Nevada and is corporation in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has standing, with all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business the Business as presently conducted or now proposed conducted. The Company has not qualified to be conducteddo business in any other jurisdiction.

Appears in 3 contracts

Samples: Capital Stock Purchase Agreement (ZannWell Inc), Capital Stock Purchase Agreement (Palomar Enterprises Inc), Capital Stock Purchase Agreement (ZannWell Inc)

Organization and Standing of the Company. The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and is corporation in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has standing, with all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business as presently conducted or now proposed conducted. The Company has not qualified to be conducteddo business in any other jurisdiction.

Appears in 2 contracts

Samples: Stock Sale and Purchase Agreement (Motorsports Emporium, Inc.), Capital Stock Purchase Agreement (Green Mountain Capital Inc.)

Organization and Standing of the Company. The Company is a corporation duly organized and validly existing under the laws of the State state of Nevada and is in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business as presently conducted or now proposed to be conducted.

Appears in 2 contracts

Samples: Note Purchase Agreement (Fibercore Inc), Share Purchase Agreement (Fibercore Inc)

Organization and Standing of the Company. The Company is a corporation duly ------------------------------------------ organized and validly existing under the laws of the State of Nevada and is corporation in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has standing, with all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business the Business as presently conducted or now proposed conducted. The Company has not qualified to be conducteddo business in any other jurisdiction.

Appears in 2 contracts

Samples: Stock Purchase Agreement (PTS Inc/Nv/), Stock Purchase Agreement (Global Links Corp)

Organization and Standing of the Company. The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and is corporation in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has standing, with all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business the Business as presently conducted or now proposed conducted. The Company has not qualified to be conducteddo business in any other jurisdiction.

Appears in 2 contracts

Samples: Capital Stock Exchange Agreement (Universal Broadband Communications Inc), Capital Stock Exchange Agreement (Universal Broadband Communications Inc)

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Organization and Standing of the Company. The Company is a corporation duly organized and validly existing under the laws Nevada corporation in good standing, as of the State of Nevada and is in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has Effective Date, with all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business as presently conducted or now proposed conducted. The Company has not qualified to be conducteddo business in any other state.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement

Organization and Standing of the Company. The Company is a corporation limited liability company duly organized and validly existing and in good standing under the laws of the State state of Nevada and is in good standing under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business and to own all the property now owned by it. A true and correct copy of the Company’s Articles of Organization, as presently conducted or amended and now proposed in effect, is attached as Exhibit 3.a.i to be conductedthis Agreement.

Appears in 1 contract

Samples: Unit Exchange Agreement (NB Manufacturing, Inc.)

Organization and Standing of the Company. The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and is in good standing 119 under such laws. The Company is not in violation of its Certificate of Incorporation or Bylaws. The Company has all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business as presently conducted or now proposed to be conducted.

Appears in 1 contract

Samples: Note Purchase and Warrant Agreement (Fibercore Inc)

Organization and Standing of the Company. The Company is a corporation is duly organized organized, validly existing, and validly existing in good standing under the laws of the State of Nevada and is in good standing under such laws. The Company is not in violation of its Certificate the United States of Incorporation or Bylaws. The Company has all requisite corporate power and authority for the ownership and operation of its properties and assets, and to carry on its business as presently conducted or now proposed to be conductedAmerica.

Appears in 1 contract

Samples: Stock Purchase Agreement (Triad Industries Inc)

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