Organization, Existence and Qualification. Seller is (a) a Delaware limited liability company, duly formed, validly existing and in good standing under the Laws of the state of Delaware and (b) except where the failure to do so does not result in a Material Adverse Effect, is duly qualified to carry on its business in the states where it is required to do so.
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Samples: Securities Purchase Agreement (Plains All American Pipeline Lp), Securities Purchase Agreement (Plains All American Pipeline Lp), Securities Purchase Agreement (Concho Resources Inc)
Organization, Existence and Qualification. Such Seller is (a) a Delaware limited liability company, duly formedformed or organized, validly existing and in good standing under the Laws of the state State of Delaware and (b) except where the failure to do so does not result in a Material Adverse Effect, Delaware. Such Seller is duly qualified to carry on its business in the states where it is required to do so, except, in each case, where the failure to do so does not result in a Material Adverse Effect.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Matador Resources Co), Securities Purchase Agreement (Matador Resources Co)
Organization, Existence and Qualification. Seller is (a) a Delaware limited liability company, company duly formed, formed and validly existing and in good standing under the Laws of the state State of Delaware and (b) except where the failure to do so does not result in a Material Adverse Effect, is duly qualified to carry on its business in the states where it is required to do soDelaware.
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