Common use of Organization of Seller Clause in Contracts

Organization of Seller. Seller is a corporation, formed and duly organized, validly existing and in good standing under the laws of the State of Texas. Seller is duly qualified or licensed, as applicable, and authorized to conduct its Business in each state in which the nature of the Business of the Seller makes such qualification or license necessary.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Eagle Broadband Inc), Asset Purchase Agreement (Nighthawk Systems Inc)

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Organization of Seller. Seller is a corporation, formed and duly organized, validly existing and in good standing organized under the laws of the State of Texas. Seller is duly qualified or licensed, as applicablehas the requisite power and authority to own and operate the Business, to enter into this Agreement and authorized to conduct its Business in each state in which perform the nature terms of the Business of the Seller makes such qualification or license necessarythis Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Eagle Broadband Inc)

Organization of Seller. Seller is a corporation, formed and corporation duly organized, validly existing and in good standing under the laws of the State state of Texas. Seller is duly qualified or licensed, as applicable, and authorized to conduct its Business in each state in which the nature of the Business of the Seller makes such qualification or license necessaryUSA.

Appears in 1 contract

Samples: Purchase Agreement (Monaker Group, Inc.)

Organization of Seller. Seller is a corporation, formed and corporation duly organized, validly existing and in good standing under the laws of the State of Texas. Seller has the corporate power to own its properties and to carry on its business as now being conducted. Seller is duly qualified or licensed, as applicable, and authorized to conduct its Business in each state in which the nature of the Business of the Seller makes such qualification or license necessary.do business

Appears in 1 contract

Samples: Asset Purchase Agreement (Simulation Sciences Inc)

Organization of Seller. Seller (i) is a corporation, formed limited partnership duly organized and duly organized, validly existing and in good standing under the laws of the State of Texas. Seller is duly qualified or licensed, as applicable, and authorized (ii) has the requisite power and authority to own, lease and operate its properties and to conduct its Business in each state in which the nature of the Business of the Seller makes such qualification or license necessarybusiness as it is presently being conducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eagle Rock Energy Partners L P)

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Organization of Seller. Seller is a corporation, formed and duly organized, validly existing and in good standing organized under the laws of the State of Texas. Seller is duly qualified or licensed, as applicablehas the requisite power and authority to own and operate the BDS Network, to enter into this Agreement and authorized to conduct its Business in each state in which perform the nature terms of the Business of the Seller makes such qualification or license necessarythis Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Eagle Broadband Inc)

Organization of Seller. Seller is a corporation, formed and corporation duly organized, validly existing existing, and in good standing under the laws of the State of Texas. Seller is duly qualified or licensed, licensed to do business and is in good standing as applicable, and authorized to conduct its Business in each state a foreign corporation under the laws of all jurisdictions in which the nature of its business or the Business properties owned by it require it to be qualified or licensed to do business, except where the failure to be so qualified or licensed would not have a material adverse effect on the financial condition of the Seller makes such qualification Division or license necessaryon the ability of the parties to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (United Fuel & Energy Corp)

Organization of Seller. Seller is a corporationpolitical subdivision of the State of Texas, formed duly and duly organized, validly existing under the laws of, and is authorized to exercise its powers, rights and privileges and is in good standing under the laws of in, the State of Texas. Seller is duly qualified or licensed, as applicable, and authorized has full legal power to conduct its Business in each state in which carry on the nature of the Business of the Seller makes such qualification or license necessaryFacility Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Correctional Services Corp)

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