Common use of Organization, Standing and Authority Clause in Contracts

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Paxson Communications Corp)

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Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, and is qualified to conduct business in the State of Florida. Buyer has all requisite corporate power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunderhereunder and thereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (American Radio Systems Corp /Ma/)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite power and authority to execute and deliver this Agreement and the Escrow Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunderhereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation limited partnership duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite power and authority to execute and deliver this Agreement and the Escrow Agreement and the documents contemplated herebyhereby and thereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunderhereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation limited liability company duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite limited liability company power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite corporate power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunderhereunder and thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer Florida and has all the requisite corporate power and authority to execute execute, deliver, and deliver perform this Agreement and the documents contemplated hereby, hereby according to their respective terms and to perform and comply with all of own the terms, covenants, and conditions to be performed and complied with by Buyer hereunderInterests.

Appears in 1 contract

Samples: Partnership Interest Purchase Agreement (Paxson Communications Corp)

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Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of FloridaFlorida and is duly qualified and in good standing under the laws of the State of Wisconsin. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunder.hereunder and thereunder. 4.2

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Organization, Standing and Authority. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. Buyer has all requisite power and authority to execute and deliver this Agreement and the documents contemplated hereby, and to perform and comply with all of the terms, covenants, and conditions to be performed and complied with by Buyer hereunderhereunder and thereunder.

Appears in 1 contract

Samples: Option Agreement (Paxson Communications Corp)

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