Organization, Standing and Corporate Power. Each of Parent and Sub is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with adequate corporate power and authority to own its properties and carry on its business as presently conducted. Each of Parent and Sub has the corporate power and authority to enter into and perform all of its obligations under this Agreement and to consummate the transactions contemplated hereby.
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Samples: Stockholder Agreement (Hotel Reservations Network Inc), Stockholder Agreement (Hotel Reservations Network Inc), Stockholder Agreement (Triathlon Broadcasting Co)
Organization, Standing and Corporate Power. Each of Parent and Sub is a corporation duly organized, validly existing and in good standing under the laws Laws of the State of Delaware, with adequate Delaware and has all requisite corporate or limited liability company (as applicable) power and authority to own its properties and carry on its business as presently it is now being conducted. Each of Parent and Sub has the corporate power and authority to enter into and perform all of its obligations under this Agreement and to consummate the transactions contemplated hereby.
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Samples: Merger Agreement (TLB Merger Sub Inc.), Merger Agreement (Talbots Inc)
Organization, Standing and Corporate Power. Each of Parent and Sub is a corporation duly organized, validly existing and in good standing under the laws Laws of the State of Delaware, with adequate Delaware and has all requisite corporate power and authority to own its properties and carry on its business as presently conducted. Each of Parent and Sub has the corporate power and authority to enter into and perform all of its obligations under this Agreement and to consummate the transactions contemplated hereby.
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