Common use of Organization, Power and Standing Clause in Contracts

Organization, Power and Standing. The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite power and authority to own, lease and operate its properties and to carry on its business (either directly or through its Subsidiaries) as currently conducted (the “Business”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Seachange International Inc)

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Organization, Power and Standing. The Company is a limited liability company duly organizedformed, validly existing and in good standing under the laws of the State of Delaware, and . The Company has all requisite full limited liability company power and authority to own, lease and operate its properties and to carry on its business as it is now conducted. The copies of the certificate of formation of the Company and the LLC Agreement (either directly or through its Subsidiaries) each as currently conducted (amended to date, the “BusinessCompany Charter Documents)) that have been delivered to the Buyer by the Company are complete.

Appears in 1 contract

Samples: Securities Purchase Agreement (Henry Jack & Associates Inc)

Organization, Power and Standing. The Company is a limited liability company company, duly organized, validly existing and in good standing under the laws of the State of Delaware, and . The Company has all requisite full limited liability company power and authority to own, lease and operate its properties and to carry on its business as it is now conducted. The copies of the certificate of formation and the operating agreement of the Company (either directly or through its Subsidiaries) each as currently conducted (amended to date, the “BusinessCompany Charter Documents)) that have been delivered to the Buyer by the Company are complete.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hillenbrand, Inc.)

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Organization, Power and Standing. The Company is a limited liability company duly organizedformed, validly existing and in good standing under the laws Laws of the State of Delaware, and . The Company has all requisite full limited liability company power and authority to own, lease and operate its properties and to carry on its business (either directly or through its Subsidiaries) as currently conducted (such business is now conducted. The copies of the “Business”)certificate of formation, LLC Agreement and any other organizational document of the Company, each as amended to date, that have been delivered to the Parent by the Company are complete and correct copies thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (GateHouse Media, Inc.)

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