Common use of Organizational Power Clause in Contracts

Organizational Power. It has all necessary power and authority to enter into and perform this Agreement, to own all the properties owned by it and to carry on the businesses now conducted or presently proposed to be conducted by it. It has taken all action necessary to authorize this Agreement.

Appears in 3 contracts

Samples: Transaction Agreement (Timco Aviation Services Inc), Transaction Agreement (Harber Lacy J), Agreement and Plan of Merger (Owl Creek I Lp)

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Organizational Power. It has all necessary power and authority to enter into and perform this AgreementAgreement and the Related Agreements to which it is a party, to own all the properties owned by it and to carry on the businesses now conducted or presently proposed to be conducted by it. It has taken all action necessary to authorize this AgreementAgreement and the Related Agreements to which it is a party.

Appears in 2 contracts

Samples: Transaction Agreement (Harber Lacy J), Transaction Agreement (Owl Creek I Lp)

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Organizational Power. It has all necessary power and authority to enter into and perform this Agreement, to own all the --------------------- properties owned by it and to carry on the businesses now conducted or presently proposed to be conducted by it. It has taken all action necessary to authorize this Agreement.

Appears in 1 contract

Samples: Transaction Agreement (Owl Creek I Lp)

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