Common use of Organization and Power Clause in Contracts

Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 249 contracts

Sources: Subscription Agreement (NMP Acquisition Corp.), Subscription Agreement (NMP Acquisition Corp.), Subscription Agreement (NMP Acquisition Corp.)

Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation (if the concept of “good standing” is a recognized concept in such jurisdiction) and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 91 contracts

Sources: Backstop Agreement (Gores Holdings VIII Inc.), Forward Purchase Agreement (Aries I Acquisition Corp.), Forward Purchase Agreement (Sound Point Acquisition Corp I, LTD)

Organization and Power. The If an entity, the Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation (if the concept of “good standing” is a recognized concept in such jurisdiction) and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 41 contracts

Sources: Forward Purchase Agreement (Spark I Acquisition Corp), Forward Purchase Agreement (Spark I Acquisition Corp), Forward Purchase Agreement (Spark I Acquisition Corp)

Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation incorporation or organization and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 27 contracts

Sources: Forward Purchase Agreement (G Squared Ascend I Inc.), Forward Purchase Agreement (G Squared Ascend I Inc.), Forward Purchase Agreement (G Squared Ascend I Inc.)

Organization and Power. The Such Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 17 contracts

Sources: Exchange Agreement (Complete Solaria, Inc.), Forward Purchase Agreement (Nidar Infrastructure LTD), Forward Purchase Agreement (ExcelFin Acquisition Corp.)

Organization and Power. The Purchaser is duly organized, formed and validly existing, existing and in good standing under the laws of the in its jurisdiction of its formation incorporation or organization and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 10 contracts

Sources: Forward Purchase Agreement (Panacea Acquisition Corp. II), Forward Purchase Agreement (Longview Acquisition Corp. II), Forward Purchase Agreement (Panacea Acquisition Corp. II)

Organization and Power. The Purchaser is duly organized, formed or incorporated and is validly existing, and existing in good standing under the laws of the jurisdiction of its formation and has all requisite or incorporation, with power and authority to carry on enter into, deliver and perform its business as presently conducted and as proposed to be conductedobligations under this Agreement.

Appears in 8 contracts

Sources: Forward Purchase Agreement (Silver Sustainable Solutions Corp.), Forward Purchase Agreement (Chain Bridge I), Forward Purchase Agreement (First Light Acquisition Group, Inc.)

Organization and Power. The Purchaser is duly organized, formed and validly existing, and existing in good standing under the laws of the its jurisdiction of its formation and formation. Purchaser has all requisite the power and authority to execute and deliver this Agreement and to carry on its business as presently conducted and as proposed to be conductedout the transactions contemplated hereby in accordance with the terms hereof.

Appears in 5 contracts

Sources: Share Purchase Agreement (Levinson Sam), Share Purchase Agreement (Castlelake L.P.), Stock Purchase Agreement (Cohen Richard B)

Organization and Power. The Purchaser is duly organized, formed, registered or incorporated (as applicable), validly existing, and in good standing under the laws of the jurisdiction of its formation organization, formation, registration or incorporation (as applicable) and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 5 contracts

Sources: Forward Purchase Agreement (Tiga Acquisition Corp. III), Forward Purchase Agreement (Tiga Acquisition Corp. III), Forward Purchase Agreement (Tiga Acquisition Corp. II)

Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws Laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 4 contracts

Sources: Merger Agreement (Avista Public Acquisition Corp. II), Merger Agreement (Ligand Pharmaceuticals Inc), Forward Purchase Agreement (Avista Public Acquisition Corp. II)

Organization and Power. The Purchaser is duly organizedincorporated or formed (as the case may be), validly existing, existing and in good standing under the laws of in the jurisdiction of its formation or organization, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as presently conducted and as proposed to be now being conducted.

Appears in 4 contracts

Sources: Purchase and Sale Agreement (Pebblebrook Hotel Trust), Purchase and Sale Agreement (IMH Financial Corp), Purchase and Sale Agreement (Pebblebrook Hotel Trust)

Organization and Power. The Purchaser (i) is duly organized, validly existing, existing and in good standing under the laws of the its jurisdiction of its formation incorporation and (ii) has all the requisite power and authority to carry on enter into and perform its business as presently conducted and as proposed to be conductedobligations under this Agreement.

Appears in 4 contracts

Sources: Backstop Agreement (KORE Group Holdings, Inc.), Backstop Agreement (Cerberus Telecom Acquisition Corp.), Exchangeable Notes Purchase Agreement (KORE Group Holdings, Inc.)

Organization and Power. The Purchaser (if a legal entity and not a natural person) is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 3 contracts

Sources: Director Forward Purchase Agreement (Pershing Square Tontine Holdings, Ltd.), Director Forward Purchase Agreement (Pershing Square Tontine Holdings, Ltd.), Director Forward Purchase Agreement (Pershing Square Tontine Holdings, Ltd.)

Organization and Power. The Purchaser is Purchasers are duly organized, validly existing, and in good standing under the laws of the jurisdiction of its their formation and has have all requisite power and authority to carry on its business their businesses as presently conducted and as proposed to be conducted.

Appears in 3 contracts

Sources: Forward Purchase Agreement (Khosla Ventures Acquisition Co.), Forward Purchase Agreement (Lux Health Tech Acquisition Corp.), Forward Purchase Agreement (Lux Health Tech Acquisition Corp.)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction state of its formation organization and has all requisite power and authority to carry on enter into and perform its business as presently conducted obligations under this Agreement and as proposed any document or instrument required to be conductedexecuted and delivered on behalf of Purchaser hereunder.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Sunstone Hotel Investors, Inc.), Purchase and Sale Agreement (Strategic Hotel Capital Inc), Purchase and Sale Agreement (Wyndham International Inc)

Organization and Power. The Purchaser Purchaser, if an individual, is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 2 contracts

Sources: Subscription Agreement (StoneBridge Acquisition II Corp), Subscription Agreement (StoneBridge Acquisition II Corp)

Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 2 contracts

Sources: Subscription Agreement (Valor Latitude Acquisition Corp.), Forward Purchase Agreement (Valor Latitude Acquisition Corp.)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws Laws of the its jurisdiction of its formation formation, and has Purchaser possesses all requisite power and authority necessary to carry on its business as presently conducted and as proposed to be conductedout the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Rezolve Ai PLC), Securities Purchase Agreement (REZOLVE AI LTD)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its formation organization and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 2 contracts

Sources: Transfer and Subscription Agreement (7 Acquisition Corp), Transfer and Subscription Agreement (7 Acquisition Corp)

Organization and Power. The Purchaser is duly organizedincorporated, validly existing, existing and in good standing under the laws of the jurisdiction its state of its formation organization, and has all requisite power and authority to own, lease and operate its properties and to carry on its business as presently conducted and as proposed to be currently being conducted.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (CNL Income Properties Inc)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its formation and formation. The Purchaser has all requisite legal power to execute and authority deliver this Agreement and to carry on out and perform its business as presently conducted and as proposed to be conductedobligations under the terms of this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Ai International Chemicals S.A.R.L.)

Organization and Power. The Purchaser Purchaser, if not an individual, is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 1 contract

Sources: Subscription Agreement (StoneBridge Acquisition II Corp)

Organization and Power. The Purchaser is Purchasers are duly organized, validly existing, and in good standing under the laws of the jurisdiction of its their formation and has have all requisite power and authority to carry on its their business as presently conducted and as proposed to be conducted.

Appears in 1 contract

Sources: Forward Purchase Agreement (JATT Acquisition Corp)

Organization and Power. The Such Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction state of its formation organization and has all requisite power and authority to carry on enter into and perform its business as presently conducted obligations under this Agreement and as proposed any document or instrument required to be conductedexecuted and delivered on behalf of such Purchaser hereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 1 contract

Sources: Subscription Agreement (USA Acquisition Corp.)

Organization and Power. The Purchaser (a) is duly organized, validly existing, existing and in good standing under the laws Laws of the jurisdiction of its formation and organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as presently now conducted and as proposed to be conducted, and (c) is qualified to do business and is in good standing in every jurisdiction where such qualification is required, except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Effect on Purchaser.

Appears in 1 contract

Sources: Share Exchange Agreement (Agenus Inc)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its formation in which it is organized and has all requisite full corporate power and authority to carry on its business as presently conducted execute this Agreement and as proposed the Ancillary Agreements to be conductedwhich it is, or is specified to be, a party and to consummate the Acquisition and the other transactions contemplated hereby and thereby.

Appears in 1 contract

Sources: Securities Purchase Agreement (Factset Research Systems Inc)

Organization and Power. The Purchaser (a) is duly organized, validly existing, existing and in good standing under the laws Laws of the jurisdiction of its formation and organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as presently now conducted and as proposed (c) is qualified to be conducteddo business (to the extent required by local Law) and is in good standing in every jurisdiction where such qualification is required.

Appears in 1 contract

Sources: Stock Purchase Agreement (Sunpower Corp)

Organization and Power. The Such Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation incorporation or organization, as applicable, and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 1 contract

Sources: Forward Purchase Agreement (Black Knight, Inc.)

Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

Appears in 1 contract

Sources: Subscription Agreement (PROOF Acquisition Corp I)

Organization and Power. The Purchaser is duly organizedformed, validly existing, and in good standing under the laws of in the jurisdiction of its formation formation, and has all requisite power and authority to own, lease, and operate its properties and to carry on its business as presently conducted and as proposed to be currently being conducted.

Appears in 1 contract

Sources: Share Purchase Agreement (CNL Lifestyle Properties Inc)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction State of its formation Washington and has all requisite power and authority to carry on enter into and perform its business as presently conducted obligations under this Agreement and as proposed any document or instrument required to be conductedexecuted and delivered on behalf of Purchaser hereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Ashford Hospitality Prime, Inc.)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its formation and has all requisite legal power to execute and authority deliver this Agreement and to carry on out and perform its business as presently conducted and as proposed to be conductedobligations under this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (De Nicolas Eustaquio Tomas)

Organization and Power. The Purchaser (a) is duly organized, validly existing, existing and in good standing under the laws Laws of the jurisdiction of its formation and organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as presently now conducted and as proposed to be conductedconducted and (c) is qualified to do business and is in good standing in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a material adverse effect on the ability of Purchaser to consummate the Transactions.

Appears in 1 contract

Sources: Share Purchase Agreement (E2open Inc)

Organization and Power. The Purchaser is duly organized, validly existing, existing and in good standing under the laws of the jurisdiction of its formation and organization. The Purchaser has all requisite legal and partnership power to execute and authority deliver this Agreement and to carry on out and perform its business as presently conducted and as proposed to be conductedobligations under the terms of this Agreement.

Appears in 1 contract

Sources: Securities Purchase Agreement (Amc Entertainment Inc)

Organization and Power. The Purchaser is duly organized, ---------------------- validly existing, existing and in good standing under the laws of the jurisdiction of its formation and organization. The Purchaser has all requisite legal and partnership power to execute and authority deliver this Agreement and to carry on out and perform its business as presently conducted and as proposed to be conductedobligations under the terms of this Agreement.

Appears in 1 contract

Sources: Securities Purchase Agreement (Apollo Investment Fund Iv Lp)