Organization; Good Standing; Qualifications. It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its establishment. It has all requisite power and authority to carry on its business as now conducted and as proposed to be conducted and is duly qualified to transact business in each jurisdiction in which it operates business and where the failure to so qualify would have a Material Adverse Effect.
Appears in 8 contracts
Samples: Additional Series B Preferred Share Purchase Agreement (Luckin Coffee Inc.), Series a Preferred Share Purchase Agreement (Luckin Coffee Inc.), Series B Preferred Share Purchase Agreement (Luckin Coffee Inc.)
