Incorporation, Good Standing and Location Sample Clauses

The Incorporation, Good Standing and Location clause serves to confirm that a party to the agreement is a legally established entity, is currently in good standing under the laws of its jurisdiction, and specifies its principal place of business. Typically, this clause requires the party to affirm that it has been properly incorporated, has complied with all necessary legal requirements to maintain its status, and provides its official address or location. Its core function is to assure the other party that the entity is validly existing and authorized to enter into the contract, thereby reducing the risk of dealing with an unqualified or non-existent business.
Incorporation, Good Standing and Location. Each Guarantor is (i) a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) duly qualified and authorized to do business and in good standing in every other jurisdiction where the nature of its business requires such qualification and (iii) has all requisite corporate power and authority, and all governmental licenses and permits, to own and operate its properties and to carry on its businesses as presently conducted. Each Guarantor has the requisite corporate power to enter into and perform its obligations under this Guaranty Agreement.
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Incorporation, Good Standing and Location. The Guarantor is (i) a corporation duly incorporated, validly existing and in good standing under the laws of the State of Texas, (ii) duly qualified and authorized to do business and in good standing in every other jurisdiction where the nature of its business requires such qualification and (iii) has all requisite corporate power and authority, and all governmental licenses and permits, to own and operate its properties and to carry on its businesses as presently conducted. The Guarantor has the requisite corporate power to enter into and perform its obligations under this Guaranty Agreement.
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Incorporation, Good Standing and Location. The Guarantor is (i) a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware, (ii) duly qualified and authorized to do business and in good standing in every other jurisdiction where the nature of its business requires such qualification and (iii) has all requisite corporate power and authority, and all governmental licenses and permits, to own and operate its properties and to carry on its businesses as presently conducted. The Guarantor has the requisite corporate power to enter into and perform its obligations under this Guaranty Agreement.
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Related to Incorporation, Good Standing and Location

  • Incorporation; Good Standing 43 7.1.2. Authorization. ...........................................................43 7.1.3. Enforceability. ..........................................................43 7.2.

  • Incorporation and Good Standing The Company has been duly incorporated or formed and is validly existing and in good standing as a company limited by shares under the laws of the jurisdiction of its formation and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement. As of the Closing, the Company does not own or control, directly or indirectly, any corporation, association or other entity that is not otherwise disclosed in the Disclosure Package.

  • Due Incorporation and Good Standing AVRS is a corporation duly organized, validly existing and in good standing under the laws of the state of Nevada.

  • Organization; Good Standing (a) Parent. Parent (i) is duly organized, validly existing and in good standing pursuant to the Laws of its jurisdiction of organization; and (ii) has the requisite power and authority to conduct its business as it is presently being conducted and to own, lease or operate its properties and assets.

  • Incorporation and Good Standing of the Company The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement. The Company is duly qualified as a foreign corporation to transact business and is in good standing in the State of California and 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 to qualify would not result in a Material Adverse Change.