Organization and Standing of the Purchaser Sample Clauses
The "Organization and Standing of the Purchaser" clause serves to confirm that the purchaser is a legally established entity and is in good standing under the laws of its jurisdiction. Typically, this clause requires the purchaser to affirm that it has been duly organized, is validly existing, and possesses the authority to enter into the transaction. For example, a corporation would need to be properly incorporated and not subject to dissolution or suspension. The core function of this clause is to assure the seller that the purchaser is a legitimate and capable party, thereby reducing the risk of entering into an agreement with an entity that lacks legal capacity or authority.
Organization and Standing of the Purchaser. The Purchaser is a corporation, limited liability company or partnership duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization.
Organization and Standing of the Purchaser. The Purchaser is a corporation duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands.
Organization and Standing of the Purchaser. The Purchaser is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation.
Organization and Standing of the Purchaser. The Purchaser is a company duly incorporated, validly existing and in good standing under the laws of the Republic of Panama and maintains its principal place of business in Panama. The Purchaser does not maintain a place of business in the United States or Canada, is not a resident of the United States or Canada and is not beneficially owned by any U.S. person within the meaning of Regulation S promulgated under the Securities Act.
Organization and Standing of the Purchaser. The Purchaser is a company duly incorporated, validly existing and in good standing under the laws of the Cayman Islands.
Organization and Standing of the Purchaser. The Purchaser is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization.
Organization and Standing of the Purchaser. The Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the Commonwealth of The Bahamas.
Organization and Standing of the Purchaser. The Purchaser is a “société en commandite simple” duly formed, validly existing and in good standing under the laws of Luxembourg. GYBL is a limited company duly formed, validly existing and in good standing under the laws of the Commonwealth of the Bahamas.
Organization and Standing of the Purchaser. The Purchaser is an international business company duly incorporated, validly existing and in good standing under the laws of the Commonwealth of The Bahamas.
Organization and Standing of the Purchaser. The Purchaser is a trust organized, validly existing and in good standing under the laws of the jurisdiction of its organization.