Common use of Organization of the Target Clause in Contracts

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

Appears in 5 contracts

Samples: Stock for Stock Exchange Agreement (Vincera, Inc.), Stock for Stock Exchange Agreement (Vincera, Inc.), Asset Purchase Agreement (Electronic Control Security Inc)

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Organization of the Target. The Target is a corporation limited stock company or other entity duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its incorporation. The Target is duly authorized to conduct the business it is presently conducting, and is in good standing, under the laws of each jurisdiction where the failure to qualify would have a material adverse effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Firstwave Technologies Inc)

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Organization of the Target. The Target is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. The Target has no Subsidiaries.

Appears in 1 contract

Samples: Merger Agreement (Claimsnet Com Inc)

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