Common use of Organization of Issuer Clause in Contracts

Organization of Issuer. Issuer has been duly incorporated and is validly existing and in good standing as a corporation under the laws of its jurisdiction of incorporation, with all corporate power and authority necessary to conduct the business in which it is engaged and Issuer is duly qualified or licensed to do business and in good standing as a foreign corporation in each jurisdiction in which its ownership or lease of its properties or assets or the conduct of its businesses requires such qualification or license, except where the failure to be so qualified or be so licensed or in good standing would not, individually or in the aggregate, have a material adverse effect on the condition (financial or otherwise), results of operations, stockholders’ equity, properties or business of Issuer and its subsidiaries taken as a whole.

Appears in 8 contracts

Samples: Western Slope Conversion and Note Modification Agreement (Armada Water Assets Inc), Barstow Conversion and Note Modification Agreement (Armada Water Assets Inc), Devonian Conversion and Note Modification Agreement (Armada Water Assets Inc)

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Organization of Issuer. Issuer Issuer, if an entity, has been duly incorporated and is validly existing and in good standing as a corporation under the laws of its jurisdiction of incorporation, with all corporate power and authority necessary to conduct the business in which it is engaged and Issuer is duly qualified or licensed to do business and in good standing as a foreign corporation in each jurisdiction in which its ownership or lease of its properties or assets or the conduct of its businesses requires such qualification or license, except where the failure to be so qualified or be so licensed or in good standing would not, individually or in the aggregate, have a material adverse effect on the condition (financial or otherwise), results of operations, stockholders’ equity, properties or business of Issuer and its subsidiaries taken as a whole.

Appears in 6 contracts

Samples: Conversion Agreement (Armada Water Assets Inc), Note Conversion Agreement (Armada Water Assets Inc), Note Conversion Agreement (Armada Water Assets Inc)

Organization of Issuer. Issuer Issuer, if an entity, has been duly incorporated and is validly existing and in good standing as a corporation under the laws of its jurisdiction of incorporation, with all corporate power and authority necessary to conduct the business in which it is engaged and Issuer is duly qualified or licensed to do business and in good standing as a foreign corporation in each jurisdiction in which its ownership or lease of its properties or assets or the conduct of its businesses requires such qualification or license, except where the failure to be so qualified or be so licensed or in good standing would not, individually or in the aggregate, have a material adverse effect on the condition (financial or otherwise), results of operations, stockholdersStockholders’ equity, properties or business of Issuer and its subsidiaries taken as a whole.

Appears in 3 contracts

Samples: Series B Preferred Stock (Armada Water Assets Inc), Series C Preferred Stock (Armada Water Assets Inc), Series a Preferred Stock (Armada Water Assets Inc)

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Organization of Issuer. Issuer Issuer, if an entity, has been duly incorporated and is validly existing and in good standing as a corporation under the laws of its jurisdiction of incorporation, with all corporate power and authority necessary to conduct the business in which it is engaged and Issuer is duly qualified or licensed to do business and in good standing as a foreign corporation in each jurisdiction in which its ownership or lease of its properties or assets or the conduct of its businesses requires such qualification or license, except where the failure to be so qualified or be so licensed or in good standing would not, individually or in the aggregate, have a material adverse effect on the condition (financial or otherwise), results of operations, stockholders’ Stockholder’s equity, properties or business of Issuer and its subsidiaries taken as a whole.

Appears in 1 contract

Samples: Series D Preferred Stock (Armada Water Assets Inc)

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