Common use of VALID CORPORATE EXISTENCE; QUALIFICATIONS Clause in Contracts

VALID CORPORATE EXISTENCE; QUALIFICATIONS. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Colorado. The Purchaser has the corporate power and authority to carry on its business as now being conducted. There is no jurisdiction in which failure to qualify would have a material adverse effect on the Purchaser or its assets, properties or business. A copy of the Purchaser's Articles of Incorporation and Certificate of Good Standing, by-laws and minute books (certified by the Purchaser's Secretary), as amended to date, which will be delivered to the Shareholder and Seller at or prior to the Closing, are true and complete copies of those documents as now in effect. The minute books of the Purchaser contain accurate records of all meetings of its Board of Directors, and stockholders since its inception, and accurately reflect all transactions referred to therein.

VALID CORPORATE EXISTENCE; QUALIFICATIONS. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Colorado. The Purchaser has the corporate power and authority to carry on its business as now being conducted. There is no jurisdiction in which failure to qualify would have a material adverse effect on the Purchaser or its assets, properties or business. A copy of the Purchaser's Articles Certificate of Incorporation (certified by the appropriate official of the State of Colorado) and Certificate of Good Standing, by-laws and minute books (certified by the Purchaser's Secretary), as amended to date, which will be delivered to the Shareholder Shareholders and Seller at or prior to the Closing, are true and complete copies of those documents as now in effect. The minute books of the Purchaser contain accurate records of all meetings of its Board of Directors, and stockholders since its inception, and accurately reflect all transactions referred to therein.

VALID CORPORATE EXISTENCE; QUALIFICATIONS. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Colorado. The Purchaser has the corporate power and authority to carry on its business as now being conducted. There is no jurisdiction in which failure to qualify would have a material adverse effect on the Purchaser or its assets, properties or business. A copy of the Purchaser's Articles Certificate of Incorporation (certified by the appropriate official of the State of Colorado) and Certificate of Good Standing, by-laws and minute books (certified by the Purchaser's Secretary), as amended to date, which will be delivered to the Shareholder and Seller at or prior to the Closing, are true and complete copies of those documents as now in effect. The minute books of the Purchaser contain accurate records of all meetings of its Board of Directors, and stockholders since its inception, and accurately reflect all transactions referred to therein.. 4.2