Common use of Qualification of Buyer Clause in Contracts

Qualification of Buyer. Buyer has the requisite corporate power and authority required to carry on the business of owning and operating its assets, as such business is now being conducted. Buyer is qualified to do business and is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where failure to be so qualified would not be material to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gastar Exploration LTD)

AutoNDA by SimpleDocs

Qualification of Buyer. Buyer has the requisite corporate limited liability company power and authority required to carry on the business of owning and operating its assets, as such business is now being conducted. Buyer is qualified to do business and is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where failure to be so qualified would not be material to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gastar Exploration LTD)

Qualification of Buyer. Buyer has the requisite corporate appropriate power and authority required to carry on the business of owning and operating operate its assets, businesses as such business is now being conducted. Buyer is qualified as a foreign entity to do business and and, to the extent legally applicable, is in good standing in each jurisdiction where the character of its owned, operated or leased properties or the nature of its activities makes such qualification is necessary, except for those jurisdictions where the failure to be so qualified or in good standing would not be material to Buyerresult in a Buyer Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Skillsoft Corp.)

Qualification of Buyer. Buyer has the requisite corporate appropriate power and authority required to carry on the business of owning and operating operate its assets, businesses as such business is now being conducted. Buyer is qualified as a foreign corporation to do business and and, to the extent legally applicable, is in good standing in each jurisdiction where the character of its owned, operated or leased properties or the nature of its activities makes such qualification is necessary, except for those jurisdictions where the failure to be so qualified or in good standing would not be material to Buyerresult in a Buyer Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (On Semiconductor Corp)

AutoNDA by SimpleDocs

Qualification of Buyer. Buyer has the requisite corporate appropriate power and authority required to carry on the business of owning and operating operate its assets, businesses as such business is now being conducted. Buyer is qualified to do business and and, to the extent legally applicable, is in good standing in each jurisdiction where the character of its owned, operated or leased properties or assets or the nature of its activities makes such qualification is necessary, except for those jurisdictions where the failure to be so qualified or in good standing would not be material to Buyerresult in a Buyer Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Campbell Soup Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!