Common use of Organization, Standing and Qualification Clause in Contracts

Organization, Standing and Qualification. The Seller is a corporation duly organized, validly existing, and in good standing under the Laws of the jurisdiction of its organization. The Seller has all requisite power and authority to own, lease, and operate its properties and to carry on its business as now being conducted.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Blackhawk Fund), Stock Purchase Agreement (Angel Acquisition Corp.), Stock Purchase Agreement (Blackhawk Fund)

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Organization, Standing and Qualification. The Seller is a corporation duly organized, validly existing, existing and in good standing under the Laws laws of the jurisdiction state of its organization. The Seller incorporation and has all requisite corporate power and authority to own, lease, lease and operate its properties and to carry on its business as it is now being conducted. Seller is licensed and qualified to do business as a foreign corporation in each jurisdiction in which the character of Seller's properties, owned or leased, or the nature of its activities makes such qualification or license necessary.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Black Warrior Wireline Corp), Agreement of Purchase and Sale (Omnilynx Communications Corp)

Organization, Standing and Qualification. The Seller is a corporation corporation, duly organized, validly existing, existing and in good standing under the Laws laws of the jurisdiction State of its organization. The Seller New York and has all requisite the corporate power and lawful authority to own, lease, own and operate hold its properties and to carry on conduct its business as now being owned, held and conducted.

Appears in 1 contract

Samples: Stock Purchase Agreement (Corning Natural Gas Holding Corp)

Organization, Standing and Qualification. The Seller is a corporation duly organized, validly existing, existing and in good standing under the Laws laws of the jurisdiction state of its organization. The Seller incorporation and has all requisite corporate power and authority to own, lease, lease and operate its properties and to carry on its business as it is now being conducted. Seller is licensed and qualified to do business as a foreign corporation in each jurisdiction in which the character of Seller's properties, owned or leased, or the nature of its activities makes such qualification or license necessary, except where failure to be so licensed and qualified would not have a material adverse effect on Seller's business.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Florafax International Inc)

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Organization, Standing and Qualification. The Seller is a corporation duly organized, validly existing, existing and in good standing under the Laws laws of the jurisdiction state of its organization. The Seller incorporation and has all requisite corporate power and authority to own, lease, lease and operate its properties and to carry on its business as it is now being conducted. Seller is licensed and qualified to do business as a foreign corporation in each jurisdiction in which the character of its properties, owned or leased, or the nature of its activities makes such qualification or license necessary.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Black Warrior Wireline Corp)

Organization, Standing and Qualification. The Seller Each of the Sellers is a corporation duly organized, validly existing, existing and in good standing under the Laws laws of the jurisdiction of its organization. The Seller incorporation; and has all the requisite corporate power and authority to own, lease, lease and operate its respective properties and to carry on its respective business as and in the places such properties are now being owned, leased or operated and where such business is presently conducted.

Appears in 1 contract

Samples: Sale and Transfer Agreement (Triquint Semiconductor Inc)

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