Common use of Status and Capacity of Vendor Clause in Contracts

Status and Capacity of Vendor. The Vendor is a subsisting corporation under the laws of Canada, and has the corporate power and capacity to execute and deliver this Agreement and to consummate the Purchase.

Status and Capacity of Vendor. The Vendor is a validly subsisting corporation under the laws of Canada, and has the corporate power and capacity to own and to dispose of the Purchased Shares and to execute and deliver this Agreement and to consummate the PurchaseTransaction and otherwise perform its obligations under this Agreement.