Common use of Organization, Standing and Qualification Clause in Contracts

Organization, Standing and Qualification. Each Group Company is duly organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assets, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) in each jurisdiction where failure to be so qualified would have a Material Adverse Effect.

Appears in 16 contracts

Samples: Preferred Share Purchase Agreement (Kingsoft Cloud Holdings LTD), Share Purchase Agreement (Kingsoft Cloud Holdings LTD), Share Purchase Agreement (Kingsoft Cloud Holdings LTD)

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Organization, Standing and Qualification. Each Group Company is duly organizedincorporated, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, under the laws Laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assets, and to perform each of its obligations hereunder and or under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in of the relevant jurisdiction) in each jurisdiction where failure to be so qualified would have a Material Adverse Effectother Transaction Documents.

Appears in 6 contracts

Samples: Share Subscription Agreement (9F Inc.), Share Subscription Agreement (9F Inc.), Share Subscription Agreement (9F Inc.)

Organization, Standing and Qualification. Each Group Company is duly organizedestablished, validly existing existing, and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, under the laws of the place of its incorporation or establishment and has all requisite power and authority authorization to own its properties and assets, assets and to perform each of carry on its obligations hereunder and under any agreement contemplated hereunder to which it is a partybusiness as now conducted. Each Group Company is in good standing (duly qualified or equivalent status in the relevant jurisdiction) licensed to do business in each jurisdiction where in which the nature of the business conducted by it makes such qualification or licensing necessary, except to the extent that the failure to be so qualified or licensed would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Share Purchase Agreement (AMTD Group Co LTD), Share Purchase Agreement (AMTD Group Co LTD), Share Purchase Agreement (AMTD Digital Inc.)

Organization, Standing and Qualification. Each of the Group Company Companies is duly incorporated or organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, under the laws Laws of the place jurisdiction of its incorporation or establishment and organization. Each of the Group Companies has all requisite capacity, power and authority to own and operate its properties and assetsto carry on its business as now conducted and as proposed to be conducted, and is duly qualified to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) transact business in each jurisdiction where failure in which it conducts and proposes to be so qualified would have a Material Adverse Effectconduct business.

Appears in 2 contracts

Samples: Share Purchase Agreement (Bilibili Inc.), Share Purchase Agreement (Bilibili Inc.)

Organization, Standing and Qualification. Each Group Company is duly organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assetsassets and to carry on its business as now conducted and as proposed to be conducted, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) qualified to do business in each jurisdiction where failure to be so qualified would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Series a Preferred Share Subscription Agreement (7 Days Group Holdings LTD), Series B Preferred Share Subscription Agreement (7 Days Group Holdings LTD)

Organization, Standing and Qualification. Each of the Group Company Companies is duly incorporated, organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, under the laws Laws of the place jurisdiction of its incorporation or establishment and organization. Each of the Group Companies has all requisite capacity, power and authority to own and operate its properties and assetsto carry on its business as now conducted and as proposed to be conducted, and is duly qualified to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) transact business in each jurisdiction where failure in which it conducts and proposes to be so qualified would have a Material Adverse Effectconduct business.

Appears in 2 contracts

Samples: Share Purchase Agreement (Global Mofy Metaverse LTD), Share Purchase Agreement (Global Mofy Metaverse LTD)

Organization, Standing and Qualification. Each Group Company is duly organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assetsassets and to carry on its business as now conducted and as proposed to be conducted, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) in each jurisdiction where failure to be so qualified would have a Material Adverse Effect.a

Appears in 2 contracts

Samples: Series a Preferred Share Purchase Agreement, Series a Preferred Share Purchase Agreement (LightInTheBox Holding Co., Ltd.)

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Organization, Standing and Qualification. Each of the Group Company Companies is duly incorporated or organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, under the laws Laws of the place jurisdiction of its incorporation or establishment and organization. Each of the Group Companies has all requisite capacity, power and authority to own and operate its properties and assetsto carry on its business as now conducted, and is duly qualified to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) transact business in each jurisdiction where failure to be so qualified would have a Material Adverse Effectin which it conducts.

Appears in 1 contract

Samples: Share Purchase and Investor Rights Agreement (Bilibili Inc.)

Organization, Standing and Qualification. Each Group Company is duly organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to own its properties and assetsassets and to carry on its business as now conducted, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) qualified to do business in each jurisdiction where failure to be so qualified would have a Material Adverse Effect.

Appears in 1 contract

Samples: Share Subscription Agreement (China Time Share Media Co. LTD)

Organization, Standing and Qualification. Each Group Company is duly organizedincorporated, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, under the laws Laws of the place jurisdiction of its incorporation or establishment establishment, and has all requisite corporate power and authority to own its properties and assets, assets and to perform each of carry on its obligations hereunder and under any agreement contemplated hereunder to which it is a partybusiness as now conducted in all material respects. Each Group Company is in good standing (or equivalent status compliance with its Charter Documents in the relevant jurisdiction) in each jurisdiction where failure to be so qualified would have a Material Adverse Effectall material respects.

Appears in 1 contract

Samples: Share Subscription Agreement (Alibaba Group Holding LTD)

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