Common use of Status of Vendor Clause in Contracts

Status of Vendor. The Vendor is a corporation duly incorporated, validly existing and in good standing under the laws of British Columbia, and has the power, authority and capacity to own and dispose of the Assets and to carry on the Vendor's Business as now being conducted by it, and to enter into this Agreement and carry out its terms to the full extent.

Status of Vendor. The Vendor is a corporation duly incorporated, incorporated under the Company Act (British Columbia); is validly existing and in good standing under with respect to the laws filing of British Columbia, annual returns; and has the power, authority power and capacity to own and dispose of the Assets and to carry on the Vendor's Business as now being conducted by it, and to enter into this Agreement and to carry out its terms to the full extent.

Status of Vendor. The Vendor is a corporation duly incorporatedincorporated under the Company Act (British Columbia), is validly existing and in good standing under regarding the laws filing of British Columbiaannual returns until 1998, and has the power, authority power and capacity to own and dispose of the Assets and Assets, to carry on the Vendor's Business as now being conducted by it, and to enter into this Agreement Agreement, and carry out its terms to the full extent.

Status of Vendor. The Vendor is a corporation company duly incorporated, validly ---------------- existing and in good standing under the laws of British Columbia, and has the full power, authority authority, right and capacity to own own, lease and dispose of the Assets and to carry on the Vendor's Business as now being conducted by it, and to enter into this Agreement and carry out its terms to the full extent.