Standing and Corporate Power. Each of Parent and Sub is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with adequate corporate power and authority to own its properties and carry on its business as presently conducted. Each of Parent and Sub has the corporate power and authority to enter into and perform all of its obligations under this Agreement and to consummate the transactions contemplated hereby.
Appears in 4 contracts
Samples: Stockholder Agreement (International Home Foods Inc), Agreement and Plan of Merger (International Home Foods Inc), Stockholder Agreement (International Home Foods Inc)