Common use of Organization, Good Standing and Corporate Power Clause in Contracts

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has the corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties and carry on its business as now being conducted.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Smithfield Foods Inc)

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Organization, Good Standing and Corporate Power. Seller is a corporation limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware, and has the corporate all requisite power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties and carry on its business. Seller is duly licensed, qualified to do business as now being conductedand in good standing under the laws of the State of Indiana.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has the Delaware with all requisite corporate power and authority to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease own its properties and carry on to conduct its business as now being presently conducted.. Seller is qualified to do business and is in good standing in each jurisdiction in which the failure to be so qualified would

Appears in 1 contract

Samples: Stock Purchase Agreement (Medscape Inc)

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has the all requisite corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties the Sale Assets and carry on its business. Seller is duly licensed, qualified to do business and in good standing as now being conducteda foreign corporation under the laws of the State of New York.

Appears in 1 contract

Samples: Option Agreement (Emmis Broadcasting Corporation)

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State state of Delaware, Delaware and has the regulatory and corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties and carry on its business as now being conductedconducted in Colorado.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lady Luck Gaming Corp)

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, is duly qualified as a foreign corporation in the State of Texas, and has the all requisite corporate power and authority to (i) carry on its business as presently conducted, to enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties and carry on its business as now being conductedhereunder.

Appears in 1 contract

Samples: Product Supply Agreement (Sterling Chemicals Inc)

Organization, Good Standing and Corporate Power. Seller is a corporation limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, Delaware and has the corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties and carry on its business as now being conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Coffee Holding Co Inc)

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Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, Virginia and has the corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties and carry on its business as now being conducted.

Appears in 1 contract

Samples: Hotel Purchase Agreement (Supertel Hospitality Inc)

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has the all requisite corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties the Purchased Assets and carry on its business as now being conductedbusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medimmune Inc /De)

Organization, Good Standing and Corporate Power. Seller is a corporation duly organized, validly existing and is in good standing under the laws of the State of Delaware, and is qualified to do business in each State in which it is presently conducting business, and has the corporate power to (i) enter into this Agreement and perform its obligations hereunder and (ii) own, operate and lease its properties property and carry on its out the Strong Communications division's business as now being conducted.

Appears in 1 contract

Samples: Asset Sale Agreement (Ballantyne of Omaha Inc)

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