Organization of the Funds Sample Clauses

Organization of the Funds. Each of the Pilgrim Funds ------------------------- (sometimes collectively referred to as the "Pilgrim Fund Family") is a registered investment company (a "Registrant"), or a series of a Registrant, organized as a Maryland or a California corporation, a Delaware business trust, or a Massachusetts business trust, duly formed and validly existing and in good standing under the law of its jurisdiction of organization. The Pilgrim Disclosure Schedule sets forth a true, complete, and correct list, as of the date hereof, of each of the Registrants and any series thereof, and whether any of Pilgrim, Pilgrim Securities, or any other subsidiary of Pilgrim acts as investment adviser, sub-adviser, broker-dealer, or sponsor for the Registrant. Each Pilgrim Fund for which any affiliate of Pilgrim will act in such capacities after the Effective Time is so indicated in the Pilgrim Disclosure Schedule. Each Pilgrim Fund has the requisite power and authority to carry on its business as it is now being conducted.
Sample 1
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Organization of the Funds. Each of the Lexington Funds (sometimes collectively referred to as the "Lexington Fund Family") is a registered investment company (a "Registrant"), or a series of a Registrant, organized as a Maryland corporation, or a Massachusetts business trust, or a New York grantor trust, duly formed and validly existing, and with respect to Lexington Funds that are Maryland corporations and Massachusetts business trusts, in good standing under the law of its jurisdiction of organization. The Lexington Disclosure Schedule sets forth a true, complete, and correct list, as of the date hereof, of each of the Registrants and any series thereof, and whether any of Lexington, Lexington Management Corporation, or any other subsidiary of Lexington acts as investment adviser, broker-dealer, or sponsor for the Registrant. Each Lexington Fund for which any affiliate of Lexington will act in such capacities after the Effective Time is so indicated in the Lexington Disclosure Schedule. Each Lexington Fund has the requisite power and authority to carry on its business as it is now being conducted.
Sample 1

Related to Organization of the Funds

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization of the Seller The Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Organization of Company The Company, a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and the Company is legally qualified to transact business in Illinois. The Company has full power and authority to own or lease and to operate and use its assets and to carry on its business at the Project. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency, or rehabilitation of the Company.

  • Organization, etc The Purchaser has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to execute and deliver this Agreement and to perform the terms and provisions hereof.

  • Reorganization of the Company The existence of this Award Agreement shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; any merger or consolidation of the Company; any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Restricted Stock or the rights thereof; the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

  • Organizational Existence Except as otherwise permitted by Section 3.6, each Credit Party will and will cause its Subsidiaries to at all times preserve and keep in full force and effect its organizational existence and all rights and franchises material to its business.

  • Organization and Status Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold under lease and to carry on its business as now being conducted. Purchaser has made available to Seller complete and correct copies of the Organization Documents for Purchaser.

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