Organization, Good Standing, Corporate Power and Qualification. Each Group Company is a corporation duly organized, validly existing and in good standing under the laws of their jurisdiction of incorporation and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. Each Group Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.
Appears in 5 contracts
Samples: Preferred Share Purchase Agreement, Series B Preferred Share Purchase Agreement (Kingsoft Internet Software Holdings LTD), Share Purchase Agreement (China Techfaith Wireless Communication Technology LTD)
Organization, Good Standing, Corporate Power and Qualification. Each Group Company is a corporation duly organized, validly existing and in good standing under the laws Laws of their jurisdiction of incorporation and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. Each Group Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.
Appears in 3 contracts
Samples: Series C Preferred Share Purchase Agreement (Momo Inc.), Series C Preferred Share Purchase Agreement (Momo Inc.), Series C Preferred Share Purchase Agreement (Momo Inc.)
Organization, Good Standing, Corporate Power and Qualification. Each Group Company is a corporation duly organized, validly existing and in good standing under the laws of their jurisdiction of incorporation and except as set forth in Section 1 of the Disclosure Schedule, has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. Each Group Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.
Appears in 1 contract
Samples: Preferred Share Purchase Agreement (Phoenix New Media LTD)
Organization, Good Standing, Corporate Power and Qualification. Each Group Company Entity is a corporation duly organized, validly existing and in good standing under the laws of their jurisdiction of incorporation and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. Each Group Company Entity is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.
Appears in 1 contract
