Common use of Qualification to do Business Clause in Contracts

Qualification to do Business. Each entity comprising Seller is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned or leased by it or the nature of the business(es) conducted by it makes such qualification necessary.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Clarus Corp), Asset Purchase Agreement

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Qualification to do Business. Each entity comprising The Seller is will duly qualified qualify to do business business, and is be in good standing standing, in every jurisdiction in which the character nature of its business requires it to be so qualified and the properties owned or leased by it failure to do so could reasonably be expected to have a material adverse effect on the Seller's ability to perform its obligations hereunder or the nature of ability to assign or collect the business(es) conducted by it makes such qualification necessaryPurchased Receivables hereunder.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Superior National Insurance Group Inc), Receivables Purchase Agreement (Outsource International Inc)

Qualification to do Business. Each entity comprising Seller is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned or leased by it or the nature of the business(es) business conducted by it makes such qualification necessary, except where the failure to be so qualified, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Asset Purchase Agreement (P10, Inc.), Asset Purchase Agreement (P10, Inc.)

Qualification to do Business. Each entity comprising Seller of the Sellers is duly qualified to do business as a foreign entity and is in good standing in every jurisdiction in which the character of the properties and assets owned or leased by it or the nature of the business(es) business conducted by it makes such qualification necessary, except where the failure to be so qualified and in good standing would not, individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Nationwide Health Properties Inc)

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Qualification to do Business. Each entity comprising Seller is duly qualified to do business as a foreign company and is in good standing in every jurisdiction in which the character of the properties owned or leased by it with respect to the Business or the nature of the business(es) conducted by it Business or the location of tangible Purchased Property makes such qualification necessary, except where the failure to so qualify would not have a Material Adverse Effect. Schedule 5.2 sets forth each jurisdiction in which each Seller is qualified to do business relating to the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (DG FastChannel, Inc)

Qualification to do Business. Each entity comprising The Seller warrants and represents to the Purchaser that the Seller is duly qualified to do business and is in good standing in every each jurisdiction in which the character nature of the properties owned or leased by it its business or the nature ownership or leasing of the business(es) conducted by it its properties makes such qualification necessarynecessary (except for jurisdictions in which the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect).

Appears in 1 contract

Samples: Frame Agreement for Pv Plant Acquisitions (Prime Sun Power Inc)

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