Common use of Status and Good Standing Clause in Contracts

Status and Good Standing. The Buyer will be a corporation duly organized, validly existing and in good standing, under the laws of the State of Nevada. The Buyer has full power and authority under its articles of organization and regulations to own and lease its properties, to conduct its business as the same exists at the date hereof and, from and after the Closing Date, to operate and conduct the Business.

Appears in 3 contracts

Samples: Asset Purchase Agreement (CGS International, Inc.), Asset Purchase Agreement (Rancho Santa Fe Mining, Inc.), Asset Purchase Agreement (Rancho Santa Fe Mining, Inc.)

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Status and Good Standing. The Buyer will be a corporation duly organized, validly existing and in good standing, under the laws of the State of Nevada. The Buyer has full power and authority under its articles of organization and regulations to own and lease its properties, to conduct its business as the same exists at the date hereof and, from and after the Closing Date, to operate and conduct the BusinessDigital Twin Technology.

Appears in 1 contract

Samples: Asset Purchase Agreement (Power Americas Resource Group Ltd.)

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