Common use of Status and Authority Clause in Contracts

Status and Authority. Seller is a publicly traded corporation duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and their charter documents to enter into and perform their obligations under this Agreement to consummate the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Purchase and Asset Sale Agreement (Mobiquity Technologies, Inc.)

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Status and Authority. Each Seller is a publicly traded corporation duly formed, validly existing and entity in good standing under the laws of its state of formation, and has have all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their obligations under this its Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adcare Health Systems Inc)

Status and Authority. Seller is a publicly traded corporation duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and the OTAs and to consummate the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Global Healthcare Reit, Inc.)

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Status and Authority. Seller is a publicly traded corporation duly formed, validly existing and in good standing under the laws of its state of formation, and has all requisite power and authority under the laws of such state and their its charter documents to enter into and perform their its obligations under this Agreement and to consummate the transactions contemplated hereby and therebyhereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adcare Health Systems Inc)

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