Common use of Seller Organization; Good Standing Clause in Contracts

Seller Organization; Good Standing. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has the requisite power and authority to own the Purchased Assets and to carry on its business as currently conducted.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sagebrush Gold Ltd.), Asset Purchase Agreement (American Energy Fields, Inc.)

AutoNDA by SimpleDocs

Seller Organization; Good Standing. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of DelawareVirginia. Seller has the requisite power and authority to own the Purchased Assets and to carry on its business as currently conducted.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Great West Resources, Inc.), Asset Purchase Agreement (World Surveillance Group Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.