Common use of Organization of Sellers Clause in Contracts

Organization of Sellers. Each of the Sellers is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Targa Resources Partners LP), Purchase and Sale Agreement (Targa Resources, Inc.)

AutoNDA by SimpleDocs

Organization of Sellers. Each of the Sellers is a corporation an entity duly organized, validly existing and in good standing under the Laws laws of the State state of Delaware and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conductedDelaware.

Appears in 1 contract

Samples: Asset Purchase Agreement (Soupman, Inc.)

Organization of Sellers. Each of the Sellers is a corporation duly organized, validly existing and in good standing under the Laws laws of the State of Delaware Delaware. Each of the Sellers is duly qualified and has all requisite corporate power in good standing as a foreign corporation in each of the jurisdictions where such qualification is required by law, except for the failure of which would not impair or otherwise affect Buyer's right to own and authority operate the Licenses or would not be reasonably likely to own, operate and lease its properties and assets and materially delay or materially impair Sellers' ability to carry on its business as now conductedconsummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Licenses (Leap Wireless International Inc)

Organization of Sellers. Each of the Sellers Seller is a corporation duly organized, validly existing and in good standing under the Laws laws of the State of Delaware and has all requisite corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conductedDelaware.

Appears in 1 contract

Samples: Asset Purchase Agreement (Loudeye Corp)

AutoNDA by SimpleDocs

Organization of Sellers. Each of the Sellers is a corporation duly ----------------------- organized, validly existing existing, and in good standing under the Laws laws of the State of Delaware Delaware, and has all requisite corporate power and authority to own, operate own and lease its the properties and assets it currently owns and leases and to carry on conduct its activities as such activities are currently conducted. Each of Sellers is duly qualified to do business as now conducteda foreign corporation and is in good standing in California.

Appears in 1 contract

Samples: Asset Purchase Agreement (Western Goldfields Inc)

Organization of Sellers. Each of the Sellers Seller is a corporation limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware Delaware. Each Seller is duly qualified to conduct business in, and has all requisite corporate power is in good standing under the Laws of, the State of West Virginia and authority to own, operate and lease its properties and assets and to carry on its business as now conductedthe Commonwealth of Virginia.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ramaco Resources, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!