Common use of Organization of Parent Clause in Contracts

Organization of Parent. Parent is a corporation, duly incorporated, validly existing and in good standing under the Laws of the State of Maryland and has the requisite power and authority to own or lease its assets and to conduct its business as it is now being conducted.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Northstar Realty Finance Corp.), Asset Purchase Agreement (Inland American Real Estate Trust, Inc.)

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Organization of Parent. Parent is a corporation, corporation duly incorporatedorganized, validly existing existing, and in good standing under the Laws laws of the State of Maryland Delaware. Parent has all requisite corporate power to own, lease, and has the requisite power and authority to own or lease operate its assets properties and to conduct carry on its business as it is now being conducted.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pc Tel Inc)

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Organization of Parent. Parent is a corporation, duly incorporated, corporation validly existing and in good standing under the Laws laws of the State of Maryland Maryland, and has the requisite power is qualified and authority to own or lease its assets and to conduct its business in good standing as it is now being conducteda foreign corporation in Indiana.

Appears in 1 contract

Samples: Purchase Agreement (Horizon Group Properties Inc)

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