Good Standing of Property Sample Clauses

The Good Standing of Property clause establishes that the property involved in the agreement complies with all applicable laws, regulations, and requirements at the time of the transaction. This typically means the property is free from outstanding code violations, unpaid taxes, or unresolved legal issues, and all necessary permits or licenses are current. By including this clause, parties ensure that the property is legally sound and marketable, reducing the risk of future disputes or liabilities related to non-compliance.
Good Standing of Property. (h) No Encumbrances (i) No Third Party Rights (j) Payments Current (k) Residency (l) Claims (m) Compliance with Laws (n) Data 2.2 Representations and Warranties of ▇▇▇▇▇▇ (a) Subsisting Corporation (b) Corporate Power (c) Due Authorization (d) Due Execution (e) Reservation of Shares (f) Reporting Issuer (g) Corporate Proceedings 2.3 Indemnity SECTION 3. - OPTION. 3.1 Grant of Option 3.2 Expenditures 3.3 Operator 3.4 Cash Calls 3.5 Lapse, Termination or Abandonment 3.6 Earning of Interest in the Property SECTION 4. - PRIVATE PLACEMENTS IN ▇▇▇▇▇▇. SECTION 5. -
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Good Standing of Property. During the time which the Claim Holder is holding the Purchased Asset in trust for the Purchaser, the Purchaser agrees to incur all costs associated with maintaining in good standing those licenses, mineral claims, concessions or other interests comprising the Property by the doing and filing of assessment work or the making of payments in lieu thereof and the performance of all other actions which may be necessary in that regard and in order to keep such mineral claims, concessions or other interests free and clear of all liens and other charges arising from the Purchaser’s activities thereon except those at the time contested in good faith by the Purchaser.
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Good Standing of Property. (h) No Encumbrances (i) No Third Party Rights (j) Residency (k) Claims (l) Data 2.2 Representations and Warranties of ▇▇▇▇▇▇ (a) Subsisting Corporation (b) Corporate Power (c) Due Authorization (d) Due Execution 2.3 Indemnity SECTION 3. - OPTION. 3.1 Grant of Option 3.2 Expenditures 3.3 Cash Calls 3.4 Lapse, Termination or Abandonment 3.5 Earning of Interest in the Property 3.6 Demobilization SECTION 4.
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Good Standing of Property. The Property is in good standing under the laws of Nunavut and shall remain in good standing until at least May 1, 2006.
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Good Standing of Property. The Property is in good standing under the laws of Manitoba and shall remain in good standing until at least February 14, 2003. All assessment work and other requirements to be filed or satisfied to keep the Property in good standing until at least February 14, 2003 have been filed or satisfied to the satisfaction of the applicable governmental authority.
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Related to Good Standing of Property

  • Good Standing The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Representatives may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdictions.

  • Good Standing of Subsidiaries Each “significant subsidiary” of the Company (as such term is defined in Rule 1-02 of Regulation S-X) (including the Bank) (each, a “Significant Subsidiary” and, collectively, the “Significant Subsidiaries”) has been duly organized and is validly existing and in good standing under the laws of the jurisdiction of its incorporation or other organization, has all requisite power and authority to own, lease and operate its properties, to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and, in the case of the Bank, to enter into, and perform its obligations under, this Agreement and is duly qualified to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to so qualify or to be in good standing would not, singly or in the aggregate, result in a Material Adverse Effect. Except as described in the Registration Statement, the General Disclosure Package and the Prospectus, all of the issued and outstanding shares of capital stock of or other equity interests in each Significant Subsidiary have been duly authorized and validly issued, are fully paid and non-assessable and are owned by the Company, directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity. None of the outstanding shares of capital stock of or other equity interests in any Significant Subsidiary were issued in violation of the preemptive or similar rights of any securityholder of such Significant Subsidiary or any other entity. The only subsidiaries of the Company are (A) the subsidiaries listed on Exhibit 21 to the Registration Statement and (B) certain other subsidiaries which, considered in the aggregate as a single subsidiary, do not constitute a “significant subsidiary” within the meaning of Rule 1-02 of Regulation S-X. The deposit accounts of each of the Company’s banking subsidiaries are insured up to the applicable limits by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation (the “FDIC”) to the fullest extent permitted by law and the rules and regulations of the FDIC, and no proceeding for the revocation or termination of such insurance is pending or, to the knowledge of the Company, threatened.

  • Good Standing of the Company The Company has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement; and the Company is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Good Standing of the Manager The Manager has been duly formed and is validly existing as a limited liability company in good standing under the laws of the State of Delaware and has power and authority to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement; and the Manager is duly qualified as a foreign limited liability company to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Due Organization and Good Standing Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.