Common use of Qualification of the Acquiror Clause in Contracts

Qualification of the Acquiror. The Acquiror has all necessary corporate or other appropriate power and authority to operate its business as now conducted. The Acquiror is duly qualified as a foreign corporation or other organization to do business 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 necessary, except for jurisdictions where the failure to be so qualified or in good standing would not materially impair or delay the ability of the Acquiror to consummate the transactions contemplated by, or perform its obligations under, the Transaction Agreements.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (Avnet Inc), Purchase Agreement (Regal Beloit Corp)

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Qualification of the Acquiror. The Acquiror has all necessary corporate or other appropriate requisite power and authority to operate its business as now conducted. The Each of the Acquiror and Parent is duly qualified as a foreign corporation or other organization to do business 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 necessary, except for jurisdictions where the failure to be so qualified or in good standing would not materially impair or delay the ability of the Acquiror or Parent to consummate the transactions contemplated by, or perform its obligations under, the Transaction Agreements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Scottish Re Group LTD)

Qualification of the Acquiror. The Acquiror has all necessary corporate or other appropriate requisite power and authority to operate its business as now conducted. The Acquiror conducted and is duly qualified as a foreign corporation or other organization to do business 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 necessary, except for jurisdictions where the failure to be so qualified or in good standing such failures as would not materially impair or delay the ability of the Acquiror to consummate the transactions contemplated by, or perform its obligations under, the Acquiror Transaction Agreements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ge Financial Assurances Holdings Inc)

Qualification of the Acquiror. The Acquiror has all necessary corporate or other appropriate organizational power and authority to operate its business as now conducted. The Acquiror is duly qualified as a foreign corporation or other organization to do business 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 necessary, except for jurisdictions where the failure to be so qualified or in good standing would not materially impair or delay the ability of the Acquiror to consummate the transactions contemplated by, or perform its obligations under, the Transaction Agreements.

Appears in 1 contract

Samples: Purchase Agreement (Osi Systems Inc)

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Qualification of the Acquiror. The Acquiror has all necessary the corporate or other appropriate power and authority to operate its business as now conducted. The Acquiror is duly qualified as a foreign corporation or other organization to do business 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 necessary, except for jurisdictions where the failure to be so qualified or in good standing would not materially impair or delay the ability of the Acquiror to consummate the transactions contemplated by, or perform its obligations under, the Transaction Agreements.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (MPM Silicones, LLC)

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