Common use of Due Formation Clause in Contracts

Due Formation. The Option Holder is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the jurisdiction of its incorporation, with full power and authority to own and operate and to carry on its business in the places and in the manner as currently conducted.

Appears in 9 contracts

Sources: Purchase Agreement, Purchase Agreement, Option Agreement (He Jilun)

Due Formation. The Option Holder is a company duly incorporated as an exempted a company with limited liability, validly existing and in good standing under the laws of the jurisdiction of its incorporation, with full power and authority to own and operate and to carry on its business in the places and in the manner as currently conducted.

Appears in 2 contracts

Sources: Option Agreement (Solar Power, Inc.), Option Agreement (Solar Power, Inc.)

Due Formation. The Option Holder is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the jurisdiction of its incorporationBritish Virgin Islands, with full power and authority to own and operate and to carry on its business in the places and in the manner as currently conducted.

Appears in 1 contract

Sources: Option Agreement (Solar Power, Inc.)

Due Formation. The Option Holder is a company duly incorporated as an exempted company with limited liability, validly existing and in good standing under the laws of the jurisdiction of its incorporation, with full power and authority to own and operate and to carry on its business in the places and in the manner as currently conducted.

Appears in 1 contract

Sources: Option Agreement (Solar Power, Inc.)