Common use of Organization, Standing and Qualification of the Company Clause in Contracts

Organization, Standing and Qualification of the Company. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Michigan, with all requisite corporate power and authority to own its properties and conduct the business it transacts and proposes to transact, and is duly qualified to transact business and is in good standing as a foreign corporation in each jurisdiction where the nature of its activities requires such qualification, except where the failure of the Company to be so qualified would not, singly or in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Placement Agreement (American Physicians Capital Inc), Placement Agreement (American Physicians Capital Inc)

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Organization, Standing and Qualification of the Company. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Michigan, with all requisite corporate power and authority to own its properties and conduct the business it transacts and proposes to transact, and is duly qualified to transact business and is in good standing as a foreign corporation in each jurisdiction where the nature of its activities requires such qualification, except where the failure of the Company to be so qualified would not, singly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (Citizens Banking Corp)

Organization, Standing and Qualification of the Company. The Company has been is a corporation duly incorporated and is organized, validly existing as a corporation and in good standing under the laws of the State of Michigan, with . The Company has all requisite corporate power and authority to own and operate its properties and conduct the to carry on its business it transacts as now being conducted and proposes as proposed to transact, and is duly be conducted. The Company has not qualified to transact do business and is in good standing as a foreign corporation in each any jurisdiction where the nature of its activities requires and such qualification, except where the failure of the Company to so qualify would not be so qualified would not, singly or likely to result in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Primark Corp)

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Organization, Standing and Qualification of the Company. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Michigan, with all requisite corporate power and authority to own own, lease and operate its properties and conduct the business it transacts and proposes to transact, and is duly qualified to transact business and is in good standing as a foreign corporation in each jurisdiction where the nature of its activities requires such qualification, except where the failure of the Company to be so qualified would not, singly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (Mercantile Bank Corp)

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