Due Incorporation and Authority. Each of the MPCA Mergerco and Metromedia is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and each has all requisite corporate power and authority to own, lease and operate their respective Properties and to carry on its business as now being and as heretofore conducted.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Metromedia International Group Inc), Agreement and Plan of Merger (Metromedia International Group Inc)
Due Incorporation and Authority. Each of the MPCA Mergerco and ------------------------------- Metromedia is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and each has all requisite corporate power and authority to own, lease and operate their respective Properties and to carry on its business as now being and as heretofore conducted.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Metro-Goldwyn-Mayer Inc)