Organization of Subsidiary. Subsidiary is a corporation duly organized, validly existing, and in good standing under the laws of Delaware and 100% owned by DUI.
Organization of Subsidiary. The Bank is duly organized and validly existing under the laws of the State of North Carolina. All of the outstanding capital stock of the Bank is owned of record and beneficially, free and clear of all security interests and claims, by Bancorp. All of the outstanding shares of capital stock of the Bank are duly authorized, validly issued, fully paid and nonassessable, except to the extent set forth in N.C. Gen. Stat. § 53-42.
Organization of Subsidiary. Each of Changzhou Xxxxx Solar Energy Co., Ltd. (“Xxxxx China”), a “significant subsidiary” of the Company (as such term is defined in Rule 1-02 of Regulation S-X), and Top Energy International, Ltd. (each a “Subsidiary” and, collectively, the “Subsidiaries”) has been duly organized and is validly existing as a corporation in good standing, where applicable, under the laws of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties, if any, and to conduct its business as described in the Prospectus and is duly qualified to transact business and is in good standing in any jurisdiction in which it owns or leases any properties or conducts any business except where the failure to so qualify or be in good standing would not result in a Material Adverse Effect; except as otherwise disclosed in the Registration Statement, all of the issued and outstanding capital stock or equity interest of each such Subsidiary has been duly authorized and validly issued, is fully paid and non-assessable and is owned by the Company directly, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity; and none of the outstanding shares of capital stock or equity interest of such Subsidiary was issued in violation of the preemptive or similar rights of any securityholder of such Subsidiary.
Organization of Subsidiary. First National is duly organized and -------------------------- validly existing under the laws of the United States, and all of the outstanding capital stock of such subsidiary is owned of record and beneficially, free and clear of all security interests and claims, by FNB. FNB has previously delivered to Carolina true, accurate and complete copies of the currently effective charter and bylaws or equivalent organizational documents of its subsidiary, including all amendments and proposed amendments thereto. All of the outstanding shares of capital stock of FNB's subsidiary are duly authorized, validly issued, fully paid and nonassessable.
Organization of Subsidiary. Subsidiary is a corporation organized and existing under the laws of Florida, with the corporate power to own and operate its assets and to carry on its business as presently conducted. Subsidiary is not in default under or in violation of any provision of its articles of incorporation or bylaws.
Organization of Subsidiary. Subsidiary is a corporation duly organized, -------------------------- validly existing, and in good standing under the laws of the State of Arizona, with full corporate power and authority to carry out the transactions contemplated by this Agreement. All of the outstanding capital stock of Subsidiary has been duly authorized and validly issued and is fully paid and nonassessable. All of the outstanding capital stock of Subsidiary is now owned by ADE and will be owned by it as of the Effective Date, and no third party has any right to or interest in any issued or unissued capital stock of Subsidiary.
Organization of Subsidiary. The Subsidiary (i) is a corporation duly organized, validly existing and in good standing under the Laws of the State of Texas, (ii) has the requisite power and authority to own, lease and operate its properties and to conduct its business as it is presently being conducted, and (iii) is duly qualified to do business as a foreign corporation in, and is in good standing under, the Laws of the State of Louisiana and in each other jurisdiction where the character of the properties owned or leased by it or the nature of its activities makes such qualification necessary (except for any such other jurisdiction where any failure to be so qualified or to be in good standing would not, individually or in the aggregate, have a Material Adverse Effect on the Subsidiary). Copies of the governing documents of the Subsidiary have heretofore been delivered to Purchaser, and such copies are accurate and complete as of the date hereof. There are no subsidiaries of the Subsidiary.
Organization of Subsidiary. Each of CGEN Media Technology Co., Ltd. (“CGEN Hong Kong”) and CGEN Digital Technology (Shanghai) Co, Ltd. (“CGEN Shanghai”) (each, a “Subsidiary” and, collectively, the “Subsidiaries”) has been duly organized and is validly existing as a corporation in good standing, where applicable, under the laws of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties, if any, and to conduct its business as described in the Prospectus and is duly qualified to transact business and is in good standing in any jurisdiction in which it owns or leases any properties or conducts any business except where the failure to so qualify or be in good standing would not result in a Material Adverse Effect; all of the issued and outstanding capital stock or equity interest of each such Subsidiary has been duly authorized and validly issued, is fully paid and non-assessable and is owned by the Company directly or indirectly, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity; and none of the outstanding shares of capital stock or equity interest of such Subsidiary was issued in violation of the preemptive or similar rights of any securityholder of such Subsidiary. The Company has no subsidiaries other than the Subsidiaries.
Organization of Subsidiary. Rowan Bank is duly organized and -------------------------- validly existing under the laws of the State of North Carolina, and all of the outstanding capital stock of Rowan Bank is owned of record and beneficially, free and clear of all security interests and claims, by Rowan. All of the outstanding shares of capital stock of Rowan Bank are duly authorized, validly issued, fully paid and nonassessable.
Organization of Subsidiary. Subsidiary is a corporation duly -------------------------- organized, validly existing, and in good standing under the laws of the Commonwealth of Massachusetts, with full corporate power and authority to carry out the transactions contemplated by this Agreement. All of the outstanding capital stock of Subsidiary has been duly authorized and validly issued and is fully paid and nonassessable. All of the outstanding capital stock of Subsidiary is now owned by Parent and will be owned by it as of the Effective Date, and no third party has any right to or interest in any issued or unissued capital stock of Subsidiary.
