Organization; Due Authorization and Execution. ICANN is a nonprofit public benefit corporation duly organized, validly existing and in good standing under the laws of California. ICANN has all requisite corporate power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by ICANN into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by ICANN.
Organization; Due Authorization and Execution. Registry Operator is a corporation, duly organized, validly existing and in good standing under the laws of Delaware, and Registry Operator has all requisite power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by Registry Operator into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by Registry Operator.
Organization; Due Authorization and Execution. Registry Operator is a corporation, duly organized, validly existing and in good standing under the laws of Ireland, and Registry Operator has all requisite power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by Registry Operator into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by Registry Operator.
Organization; Due Authorization and Execution. Registry Operator is a corporation, duly organized, validly existing and in good standing under the laws of Delaware, and Registry Operator has all requisite power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by Registry Operator into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by Registry Operator. Statements made During Negotiation Process. The factual statements made in writing by both parties in negotiating this Agreement, were true and correct in all material respects at the time made. A violation or breach of this subsection shall not be a basis for termination, rescission or other equitable relief, and, instead shall only give rise to a claim for damages.
Organization; Due Authorization and Execution. ICANN IS A NONPROFIT PUBLIC BENEFIT CORPORATION DULY ORGANIZED, VALIDLY EXISTING AND IN GOOD STANDING UNDER THE LAWS OF CALIFORNIA. ICANN HAS ALL REQUISITE CORPORATE POWER AND AUTHORITY TO ENTER INTO THIS AGREEMENT. ALL CORPORATE APPROVALS AND ACTIONS NECESSARY FOR THE ENTRANCE BY ICANN INTO THIS AGREEMENT HAVE BEEN OBTAINED AND THIS AGREEMENT HAS BEEN DULY AND VALIDLY EXECUTED AND DELIVERED BY ICANN.
Organization; Due Authorization and Execution. ICANN is a nonprofit public benefit corporation duly organized, validly existing and in good standing under the laws of California. ICANN has all requisite corporate power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by ICANN into this Agreement have been obtained and this Agreement The 2007 agreement removes the insurance requirement, funding requirement and marketing requirement. The restrictions on mergers has been simplified to restrict GNR from acquiring a 15% or greater ownership stake in any ICANN accredited registrar. The 2007 agreement has added a provision for the truth and correctness of statements Term 2001 2007 Comments Additional Covenants Of Global Name Registry 1. Ownership Structure The Global Name Registry, Ltd. ("GNR") is a wholly owned subsidiary of GNR Ltd., a private limited company incorporated in England and Wales under the Company No 03895286. 2. Insurance GNR shall acquire, prior to the Effective Date, at least US $10,000,000 in comprehensive general liability insurance from a reputable insurance provider with an A.M. Best rating of "A" or better and shall maintain insurance meeting these requirements throughout the Term of this Agreement. 3. Limitations on Merger, Consolidation or Reorganization During the Term of this Agreement, GNR shall not: (1) merge, consolidate or reorganize into or with a Registry Operator for a TLD which has more than 10,000,000 Registered Names under management, or any of its affiliates; or (2) sell or otherwise transfer all of its assets or stock to a Registry Operator for a TLD which has more than 10,000,000 Registered Names under management, or any of its affiliates. GNR may merge, consolidate or otherwise reorganize into or with a (1) Registry Operator which has less than 10,000,000 Registered Names under management, has been duly and validly executed and delivered by ICANN. Section 7: Special Provisions: 7.1(c) Restrictions on Acquisition of Ownership or Controlling Interest in Registrar. Registry Operator shall not acquire, directly or indirectly, control of, or a greater than fifteen percent ownership interest in, any ICANN-accredited registrar. made by the parties during negotiations. Term 2001 2007 Comments or (2) a domain name registrar, only upon the express written consent of ICANN, which consent may not be unreasonably withheld or delayed. In considering whether to give consent, ICANN may consider Concepts 3, 5 and 6 stated in App...
Organization; Due Authorization and Execution. Registry Operator is a not- for-profit limited-by-guarantee company, duly organized, validly existing and in good standing under the laws of Hong Kong, and Registry Operator has all requisite power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by Registry Operator into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by Registry Operator.
Organization; Due Authorization and Execution. Registry is a Private Foundation, duly organized, validly existing and in good standing under the laws of the Autonomous Community of Catalonia; the Kingdom of Spain and the European Union, in their respective areas of competence, and Registry has all requisite power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by Registry into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by Registry.
Organization; Due Authorization and Execution. Registry is a corporation, duly organized, validly existing and in good standing under the laws of New York, and Registry has all requisite power and authority to enter into this Agreement. All corporate approvals and actions necessary for the entrance by Registry into this Agreement have been obtained and this Agreement has been duly and validly executed and delivered by Registry.
