Common use of Organization of the Purchaser Clause in Contracts

Organization of the Purchaser. The Purchaser is a wholly-owned Subsidiary of the Parent. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of Delaware and has all requisite corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Alleghany Corp /De), Stock Purchase Agreement (Alleghany Corp /De)

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Organization of the Purchaser. The Purchaser is a wholly-owned Subsidiary of the Parent. The Purchaser is a corporation duly ----------------------------- organized, validly existing and in good standing under the laws of Delaware and the State of Delaware. The Purchaser has all requisite the corporate power and authority to execute and deliver this Agreement, to perform own its obligations hereunder properties and to consummate the transactions contemplated herebycarry on its business as now being conducted.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Preview Travel Inc)

Organization of the Purchaser. The Purchaser is a wholly-owned Subsidiary of the Parent. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of Delaware and the State of Delaware. The Purchaser has all the requisite corporate power and authority and all licenses, permits and authorizations necessary to execute enter into, deliver and deliver this Agreement, to perform carry out its obligations hereunder and pursuant to consummate the transactions contemplated herebyTransaction Documents to which it is a party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Albany Ladder Co Inc)

Organization of the Purchaser. The Purchaser is a wholly-owned Subsidiary of the Parent. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of Delaware and has all requisite corporate the State of Delaware; on the Closing Date; Purchaser will have full power and authority to execute carry on and deliver this Agreement, to perform its obligations hereunder conduct the Rollover Business and to consummate own, use, possess and purchase the transactions contemplated herebyPurchased Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Emerge Interactive Inc)

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Organization of the Purchaser. The Purchaser is a wholly-owned Subsidiary of the Parent. The Purchaser 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 execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fund American Enterprises Holdings Inc)

Organization of the Purchaser. The Purchaser is a wholly-owned Subsidiary of the Parent. The Purchaser is a corporation general partnership duly organized, organized and validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate the power and authority to execute and deliver this Agreement, to perform own its obligations hereunder property and to consummate the transactions contemplated herebycarry on its business as now being conducted by it.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vornado Operating Co)

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