Common use of Organization; Good Standing; Qualification Clause in Contracts

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of California.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of California, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as presently proposed to be conducted, to execute and deliver this Agreement and to issue and sell the Common Stock.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing existing, and in good standing under the laws of California, has all requisite corporate power and authority to execute and deliver this Agreement and to carry out the State provisions of Californiathis Agreement, and has all requisite corporate power and authority to transfer the Acquired Stock.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of California, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted, to execute and deliver this Agreement and to issue and sell the Shares and to carry out the provisions of this Agreement. The Company is not qualified to transact business as a foreign corporation in any other jurisdiction, and such qualification is not now required.

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing and in good standing under under, and by virtue of, the laws of the State of California, has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted. The Company is currently not qualified to transact business as a foreign corporation in any other jurisdictions. The failure to so qualify to transact business will not have a material adverse effect, however, on the Company's business (as currently conducted).

Organization; Good Standing; Qualification. The Company is a corporation duly organized, validly existing existing, and in good standing under the laws of California, has all requisite corporate power and authority to execute and deliver this Agreement and to carry out the State provisions of Californiathis Agreement, and has all requisite corporate power and authority to transfer the Granted Stock.