Common use of Status and Capacity of Vendor Clause in Contracts

Status and Capacity of Vendor. The Vendor has been duly incorporated and organized and is a subsisting corporation in Good Standing under the laws of the British Columbia. The Vendor has the corporate power and capacity to own and to dispose of the Purchased Shares and the interests in the accounts receivable described in Section 2.4 and to execute and deliver this Agreement and to consummate the Purchase and otherwise perform its obligations under this Agreement;

Status and Capacity of Vendor. The Vendor has been duly incorporated and organized and organized, is a subsisting corporation in Good Standing under the federal laws of the British Columbia. The Vendor Canada and has the corporate power and capacity to own and to dispose of the Purchased Shares and the interests in the accounts receivable described in Section 2.4 and to execute and deliver this Agreement and to consummate the Purchase and otherwise perform its obligations under this Agreement;.

Status and Capacity of Vendor. The Vendor has been duly incorporated and organized and organized, is a subsisting corporation in Good Standing good standing under the laws of the British Columbia. The Vendor Province of Québec and has the corporate power and capacity to own own, sell and to operate its property, carry on its business, dispose of the Purchased Shares and Assets to the interests in the accounts receivable described in Section 2.4 Purchaser, and to execute and deliver this Agreement and to consummate the Purchase Transaction and otherwise perform its obligations under this Agreement;.