Organization of Subsidiary Sample Clauses
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. 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, where applicable, 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. Other than the Subsidiaries, the Company does not own, directly or indirectly, any entity.
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. 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. Crescent is duly organized and validly existing under the laws of the State of North Carolina. All of the outstanding capital stock of Crescent is owned of record and beneficially, free and clear of all security interests and claims, by Crescent Financial. All of the outstanding shares of capital stock of Crescent are duly authorized, validly issued, fully paid and nonassessable, except to the extent set forth in N.C. General Statutes Section 53-42.
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. 1.1 Spyglass organized the Subsidiary as a Delaware corporation on October 14, 1998. The Subsidiary has engaged in no activities to date other than routine matters incident to its organization.
1.2 The Certificate of Incorporation and By-laws of the Subsidiary are attached hereto as Exhibit A and Exhibit B, respectively. The Board of Directors of the Subsidiary consists of Douglas P. Colbeth and Gary Vilchick.
Organization of Subsidiary. Subsidiary is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada, with full corporate power and authority to conduct its business as it is now conducted.
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.
Organization of Subsidiary. In conjunction with and with the advice and counsel of FRANMAC, a Nevada nonprofit organization, representing Taco Bell xxxtaurant operators, the KFC Cooperative has organized the Subsidiary as a Delaware corporation, for the purpose described herein. The initial directors of the Subsidiary have been designated with the advice and counsel of FRANMAC.