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)
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: Unit Purchase Agreement (Borealis Technology Corp), Unit Purchase Agreement (Borealis Technology Corp)
