Common use of Organization, Power and Standing Clause in Contracts

Organization, Power and Standing. Purchaser is a corporation duly organized, validly existing and in good standing under the Laws of the state of Delaware. Purchaser has the requisite corporate power and authority to own and operate its business as presently conducted. Purchaser is duly qualified to do business and in good standing in each jurisdiction where the operations of its business requires such qualification, except where the failure to be so qualified or in such good standing would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of Purchaser to consummate the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Heloc Flow Purchase and Servicing Agreement (PennyMac Financial Services, Inc.), Heloc Flow Purchase and Servicing Agreement (PennyMac Mortgage Investment Trust)

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Organization, Power and Standing. Purchaser is a corporation duly organized, validly existing existing, and in good standing under the Laws laws of the state State of Delaware. Purchaser , is duly qualified and in good standing in the State of Pennsylvania and in each jurisdiction where such qualification is necessary, and has the requisite corporate power and authority to own carry on its business as it is now being conducted and to own, lease, and operate its business as presently conducted. Purchaser is duly qualified to do business properties and in good standing in each jurisdiction where the operations of its business requires such qualification, except where the failure to be so qualified or in such good standing would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of Purchaser to consummate carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Sale Agreement (Diplomat Ambassador Inc)

Organization, Power and Standing. The Purchaser is a corporation duly organized, validly existing and in good standing under the Laws laws of the state State of Delaware. Purchaser has the , with all requisite corporate power and authority (corporate and otherwise) to own own, lease and operate its properties and to carry on its business as presently conducted. currently conducted and as currently proposed by the Purchaser is duly qualified to do business and in good standing in each jurisdiction where the operations of its business requires such qualification, except where the failure to be so qualified or in such good standing would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of Purchaser to consummate the transactions contemplated by this Agreementconducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Anchor Holdings Inc)

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Organization, Power and Standing. Purchaser is a corporation duly organized, validly existing and in good standing under the Laws of the state of DelawareUnited States. Purchaser has the requisite corporate power and authority to own and operate its business as presently conducted. Purchaser is duly qualified to do business and in good standing in each jurisdiction where the operations of its business requires such qualification, except where the failure to be so qualified or in such good standing would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of Purchaser to consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (BofI Holding, Inc.)

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