Common use of Organization of Parent and Buyer Clause in Contracts

Organization of Parent and Buyer. Parent is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware. Buyer is a corporation duly organized, validly existing and in good standing under the Laws of the State of Nebraska. Each of Parent and Buyer has the corporate power and corporate authority to own or lease and operate its assets and to carry on its businesses in the manner that they were conducted immediately prior to the date of this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Aci Worldwide, Inc.), Stock Purchase Agreement (Western Union CO)

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Organization of Parent and Buyer. Parent is a corporation limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware. Buyer is a corporation duly organized, validly existing and in good standing under the Laws of the State of Nebraska. Each of Parent Delaware, and Buyer has the corporate power and corporate authority to own or lease and operate its assets and to carry on its businesses in the manner that they were conducted immediately prior to the date of this Agreementis a "C corporation" for Income Tax purposes.

Appears in 1 contract

Samples: Stock Purchase Agreement (Malibu Boats, Inc.)

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Organization of Parent and Buyer. Parent is a corporation duly organizedincorporated, validly existing and in good standing under the Laws laws of the State of Delaware. Parent has the corporate power and corporate authority to own or lease its assets and to carry on its businesses as currently conducted. Buyer is a corporation duly organizedincorporated, validly existing and in good standing under the Laws laws of the State of NebraskaDelaware. Each of Parent and Buyer has the corporate power and corporate authority to own or lease and operate its assets and to carry on its businesses in the manner that they were conducted immediately prior to the date of this Agreementas currently conducted.

Appears in 1 contract

Samples: Merger Agreement (SCP Pool Corp)

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