Organization; Standing; Qualification to Do Business. The Company is a corporation duly organized and validly existing under, and by virtue of, the laws of the State of Delaware and is in good standing as a domestic corporation under the laws of said state. The Company is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the ownership or leasing of its properties or the conduct of its business requires such qualification, except where the failure to be so qualified or be in good standing is not reasonably likely to have a material adverse effect on the Company.
Appears in 2 contracts
Samples: Unit Purchase Agreement (Borealis Technology Corp), Unit Purchase Agreement (Borealis Technology Corp)
Organization; Standing; Qualification to Do Business. The Company is a corporation duly organized and validly existing under, and by virtue of, the laws of the State of Delaware and is in good standing as a domestic corporation under the laws of said state. The Company is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the ownership or leasing of its properties or the 3 conduct of its business requires such qualification, except where the failure to be so qualified or be in good standing is not reasonably likely to have a material adverse effect on the Company.
Appears in 2 contracts
Samples: Preferred Stock and Warrant Purchase Agreement (Borealis Technology Corp), Preferred Stock and Warrant Purchase Agreement (Borealis Technology Corp)
