Common use of Organization, Qualification and Corporate Power Clause in Contracts

Organization, Qualification and Corporate Power. Each of Company and its Subsidiaries is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. Each of Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of Company and its Subsidiaries has full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by it.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Hythiam Inc), Agreement and Plan of Merger (Hythiam Inc), Agreement and Plan of Merger (Comprehensive Care Corp)

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Organization, Qualification and Corporate Power. Each of Company and its Subsidiaries is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. Each of Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of Company and its Subsidiaries has full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by it.

Appears in 3 contracts

Samples: Merger Agreement (Xcorporeal, Inc.), Merger Agreement (Xcorporeal, Inc.), Merger Agreement (National Quality Care Inc)

Organization, Qualification and Corporate Power. Each of Company and its Subsidiaries is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. Each of Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of Company and its Subsidiaries has full corporate power and authority to carry on the business businesses in which it is engaged and to own and use the properties owned and used by it. Company beneficially owns all of the outstanding capital stock of each of its Subsidiaries.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Intersearch Group Inc), Agreement and Plan of Merger (Intersearch Group Inc), Agreement and Plan of Merger (Intersearch Group Inc)

Organization, Qualification and Corporate Power. Each of Company and its Subsidiaries is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. Each of Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of Company and its Subsidiaries has have full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by it.

Appears in 3 contracts

Samples: Merger Agreement (Ct Holdings Enterprises Inc), Merger Agreement (Exclusive Apparel, Inc.), Merger Agreement (Xcorporeal, Inc.)

Organization, Qualification and Corporate Power. Each of the Company and its Subsidiaries is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. Each of the Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required, except where the lack of such qualification would not have a Material Adverse Effect. Each of the Company and its Subsidiaries has full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Telular Corp)

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Organization, Qualification and Corporate Power. (a)ab Each of Holdings, the Company and its the Subsidiaries is a corporation or limited liability company duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporationincorporation or organization. Each of Holdings, the Company and its the Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of Company and its Subsidiaries has full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by it.is

Appears in 1 contract

Samples: Merger Agreement (Spectrasite Holdings Inc)

Organization, Qualification and Corporate Power. Each of the Company and its Subsidiaries is a corporation duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its incorporation. Each of the Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of , except for failures that would not have a material adverse effect on the Company and its Subsidiaries has full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by ittaken as a whole.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arvin Industries Inc)

Organization, Qualification and Corporate Power. Each of Company and its Subsidiaries is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation. Each of Company and its Subsidiaries is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required. Each of Company and each if its Subsidiaries has full corporate power and authority to carry on the business in which it is engaged and to own and use the properties owned and used by it.

Appears in 1 contract

Samples: Agreement to Complete a Plan of Merger (Vinco Ventures, Inc.)

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