Common use of Organization, Power and Standing Clause in Contracts

Organization, Power and Standing. The Buyer is an entity duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation, and has all requisite corporate or similar entity power to own, lease and operate its properties and to carry on its business as it is now conducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascena Retail Group, Inc.)

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Organization, Power and Standing. The Buyer is an entity a corporation duly organized, incorporated and validly existing and in good standing under the Laws laws of the jurisdiction of its jurisdiction of formation, incorporation and has all requisite corporate or similar entity power and authority to ownexecute, lease deliver and operate its properties perform this Agreement and to carry on its business as it is now conductedeach other Transaction Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Visant Corp)

Organization, Power and Standing. The Buyer is an entity a corporation duly organized, organized and validly existing and in good standing under the Laws laws of its jurisdiction the Commonwealth of formationMassachusetts, and has with all requisite corporate or similar entity power to own, lease and operate own its properties and to carry on its business as it such business is now conducted.

Appears in 1 contract

Samples: Securities Purchase Agreement (Progress Software Corp /Ma)

Organization, Power and Standing. The Buyer is an entity a corporation duly organized, validly existing and in good --------------------------------- standing under the Laws laws of its jurisdiction of formation, and incorporation. Buyer has all requisite corporate or similar entity power to own, lease and operate its properties authority and all necessary licenses and permits to carry on its business as it has been and is now currently being conducted, and to own, lease and operate the properties and assets used in connection therewith and to be acquired pursuant hereto.

Appears in 1 contract

Samples: Option Agreement (Emmis Communications Corp)

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Organization, Power and Standing. The Buyer is an entity duly organized, validly existing and in good standing under the Laws of its jurisdiction of formation, and has all requisite corporate or similar entity power to own, lease and operate its properties and to carry on its business as it is now conducted.

Appears in 1 contract

Samples: Equity Purchase Agreement (1 800 Flowers Com Inc)

Organization, Power and Standing. The Buyer is an entity a corporation -------------------------------- duly organized, validly existing and in good standing under the Laws laws of its jurisdiction of formation, and incorporation. Buyer has all requisite corporate or similar entity power to own, lease and operate its properties authority and all necessary licenses and permits to carry on its business as it has been and is now currently being conducted, and to own, lease and operate the properties and assets used in connection therewith and to be acquired pursuant hereto.

Appears in 1 contract

Samples: Option Agreement (Hearst Argyle Television Inc)

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