Authorization to Transact Business Sample Clauses
The "Authorization to Transact Business" clause establishes that a party, typically a company or other legal entity, has the legal right and authority to conduct business as required under the agreement. This clause often requires the party to confirm that it is duly organized, validly existing, and in good standing under the laws of its jurisdiction, and that it possesses all necessary licenses or approvals to operate. By including this provision, the agreement ensures that all parties are properly empowered to enter into and perform their contractual obligations, thereby reducing the risk of unenforceable agreements due to lack of legal capacity.
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Authorization to Transact Business. The CMR certifies that, if it is organized as a stock or nonstock corporation, limited liability company, business trust, or limited partnership or registered as a registered limited liability partnership, it is authorized to transact business in the Commonwealth of Virginia as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, or as otherwise required by law, and shall not allow its existence to lapse or its certificate of authority or registration to transact business in the Commonwealth, if so required under Title 13.1 or Title 50, to be revoked or cancelled at any time during the term of the Contract. The CMR understands and agrees that the Owner may terminate this Contract for default if the CMR fails to comply with these provisions and recover from CMR all amounts paid to CMR during any period CMR was not in compliance with such requirements.
Authorization to Transact Business. If The Developer or any Development Team Member is a stock or nonstock corporation, limited liability company, business trust, or limited partnership, or is registered as a registered limited liability partnership, it will be authorized to transact business in the Commonwealth of Virginia as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, or as otherwise is required by law. In the event there is a failure at any time to maintain such registration, this Agreement is voidable by the City.
Authorization to Transact Business. Grant Recipient attests that it and its Grant Recipient Contractors, Affiliates, and if applicable, Grant Recipient Personnel, are authorized or registered to transact business in this state by the Department of Financial Institutions incompliance with Wis. Stat. chs. 178, 179, 180, 181, 183, 185, and any other applicable Wisconsin laws related to the authorization to transact business in Wisconsin.
Authorization to Transact Business. The A/E certifies that, if it is organized as a stock or nonstock corporation, limited liability company, business trust, or limited partnership or registered as a registered limited liability partnership, it is authorized to transact business in the Commonwealth as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, or as otherwise required by law, and that it shall not allow its existence to lapse or its certificate of authority or registration to transact business in the Commonwealth, if so required under Title 13.1 or Title 50, to be revoked or cancelled at any time during the term of the Contract. The Contractor understands and agrees that the Owner may void this Contract if the Contractor fails to comply with these provisions.
Authorization to Transact Business. The Contractor certifies that, if it is organized as a stock or nonstock corporation, limited liability company, business trust, or limited partnership or registered as a registered limited liability partnership, it is authorized to transact business in the Commonwealth of Virginia as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, or as otherwise required by law, and shall not allow its existence to lapse or its certificate of authority or registration to transact business in the Commonwealth of Virginia, if so required under Title 13.1 or Title 50, to be revoked or cancelled at any time during the term of the Contract. The Contractor understands and agrees that the Owner may void this Contract if the Contractor fails to comply with these provisions.
Authorization to Transact Business. The Contractor certifies that, if it is organized as a stock or nonstock corporation, limited liability company, business trust, or limited partnership or registered as a registered limited liability partnership, it is authorized to transact business in the Commonwealth as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, or as otherwise required by law, and shall not allow its existence to lapse or its certificate of authority or registration to transact business in the Commonwealth, if so required under Title 13.1 or Title 50, to be revoked or cancelled at any time during the term of the Contract. The Contractor understands and agrees that the Owner may void this Contract if the Contractor fails to comply with these provisions.
Authorization to Transact Business. Within ninety (90) days from the date hereof, Borrower shall provide Lender satisfactory evidence that the Borrower is authorized to transact business in the commonwealth of Pennsylvania.
Authorization to Transact Business. The Construction Manager certifies that, if it is organized as a stock or non-stock corporation, limited liability company, business trust, or limited partnership or registered as a registered limited liability partnership, it is authorized to transact business in the Commonwealth of Virginia as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Code of Virginia, or as otherwise required by law, and shall not allow its existence to lapse or its certificate of authority or registration to transact business in the Commonwealth of Virginia, if so required under Title 13.1 or Title 50, to be revoked or cancelled at any time during the term of the Contract. The Construction Manager affirms their licensure as required by law to perform construction of the type required by this Contract and shall maintain all required licenses for the duration of this Contract. The Construction Manager understands and agrees that the County may void this Contract if the Construction Manager fails to comply with these provisions.
Authorization to Transact Business. PlayOn hereby represents and warrants as follows: (a) it is authorized to transact business in the Commonwealth of Virginia as a domestic or foreign business entity if so required by Title 13.1 or Title 50 of the Virginia Code, or as otherwise required by law; and (b) it shall not allow its existence to lapse or its certificate of authority or registration to transact business in Virginia, if so required under Title 13.1 or Title 50 of the Virginia Code, to be revoked or cancelled at any time during the term of this Agreement. THIS ADDENDUM, executed and effective as of the 1st day of January, 2021, by and between 2080 MEDIA, INC. d/b/a PlayOn! Sports, the Delaware corporation that operates the NFHS Network School Broadcast Program (the “Company”), and the FAIRFAX COUNTY SCHOOL BOARD, a public body corporate and politic organized and existing under the laws of the Commonwealth of Virginia that governs Fairfax County Public Schools (the “School Board”), recites and provides as follows.
Authorization to Transact Business. (REQUIRED SUBMITTAL)