Good Standing Certificate or Equivalent Clause Samples
A Good Standing Certificate or Equivalent clause requires a party to provide official documentation proving that it is properly registered and authorized to conduct business in its jurisdiction. Typically, this involves obtaining a certificate from a governmental authority, such as a Secretary of State, confirming that the entity is in compliance with all legal requirements and has not been suspended or dissolved. The core function of this clause is to assure the other party that the entity is legitimate and in good legal standing, thereby reducing the risk of dealing with a non-compliant or inactive business.
Good Standing Certificate or Equivalent. DoveBid shall have received --------------------------------------- evidence satisfactory to it that the Company is validly existing, in good standing and authorized to do business and that all state franchise and/or income tax returns and taxes due by the Company for all periods prior to the Closing have been filed and paid. DoveBid's failure to require or receive such evidence in no way vitiates or affects the Company's or the Shareholders' representations and warranties regarding such matters and DoveBid's reliance on such representations or warranties.
Good Standing Certificate or Equivalent. At it sole discretion, --------------------------------------- DoveBid shall have received evidence satisfactory to it that Unidyne is validly existing, in good standing and authorized to do business and that all state franchise and/or income tax returns and taxes due by Unidyne for all periods prior to the Closing have been filed and paid. DoveBid's failure to require or receive such evidence in no way vitiates or affects Unidyne's or the Stockholders' representations and warranties regarding such matters and DoveBid's reliance on such representations or warranties.
Good Standing Certificate or Equivalent. At it sole discretion, --------------------------------------- DoveBid shall have received evidence satisfactory to it that B&B is validly existing, in good standing and authorized to do business and that all state franchise and/or income tax returns and taxes due by B&B for all periods prior to the Closing have been filed and paid. DoveBid's failure to require or receive such evidence in no way vitiates or affects B&B's or the Stockholders' representations and warranties regarding such matters and DoveBid's reliance on such representations or warranties.
Good Standing Certificate or Equivalent. At it sole discretion, --------------------------------------- DoveBid shall have received evidence satisfactory to it that OWP is validly existing, in good standing and authorized to do business and that all state franchise and/or income tax returns and taxes due by OWP for all periods prior to the Closing have been filed and paid. DoveBid's failure to require or receive such evidence in no way vitiates or affects OWP's or the Principal Shareholder's representations and warranties regarding such matters and DoveBid's reliance on such representations or warranties.
Good Standing Certificate or Equivalent. DoveBid shall have received --------------------------------------- evidence satisfactory to it that the Company is validly existing, in good standing and authorized to do business in California. DoveBid shall have received a certificate dated the Closing Date signed by the Shareholders and the President of the Company that all state franchise and/or income tax returns and taxes due by the Company for all fiscal year periods prior to the Closing have been filed and paid. DoveBid's failure to require or receive such evidence in no way vitiates or affects the Company's or the Shareholders' representations and warranties regarding such matters and DoveBid's reliance on such representations or warranties.
Good Standing Certificate or Equivalent. At it sole discretion, DoveBid shall have received evidence satisfactory to it that Greenwich is validly existing, in good standing and authorized to do business and that all state franchise and/or income tax returns and taxes due by Greenwich for all periods prior to the Closing have been filed and paid. DoveBid's failure to require or receive such evidence in no way vitiates or affects Greenwich's or the Members' representations and warranties regarding such matters and DoveBid's reliance on such representations or warranties.