Common use of Qualification Clause in Contracts

Qualification. The Company is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its business.

Appears in 12 contracts

Sources: Convertible Debenture Purchase Agreement (Wireless Ronin Technologies Inc), Convertible Debenture Purchase Agreement (Wireless Ronin Technologies Inc), Stock Purchase Agreement (Telident Inc /Mn/)

Qualification. The Company is duly qualified qualified, licensed or licensed domesticated as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its the properties owned or leased by it makes such qualification qualification, licensing or licensing domestication necessary and in which failure to so qualify or be so qualified licensed or licensed domesticated would have a material adverse impact on upon its business.

Appears in 9 contracts

Sources: Unit Purchase Agreement (Chilco River Holdings Inc), Stock Purchase Agreement (H Power Corp), Stock Purchase Agreement (H Power Corp)

Qualification. The Company is duly qualified qualified, licensed or licensed domesticated as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification qualification, licensing or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessdomestication necessary.

Appears in 7 contracts

Sources: Securities Purchase Agreement (Jd American Workwear Inc), Preferred Stock Purchase Agreement (Value America Inc /Va), Preferred Stock and Warrant Purchase Agreement (Value America Inc /Va)

Qualification. The Company is duly qualified or licensed and in good standing as a foreign corporation in good standing all jurisdictions in each jurisdiction wherein which the character of its owned or leased properties or the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure necessary, except for such failures to be so qualified or licensed in good standing as would not, either individually or in the aggregate, be reasonably likely to have a material adverse impact Material Adverse Effect on its businessthe Company.

Appears in 5 contracts

Sources: Merger Agreement (Leukosite Inc), Merger Agreement (Activbiotics Inc), Merger Agreement (Leukosite Inc)

Qualification. The Company is duly qualified or licensed and in good standing as a foreign corporation in good standing duly authorized to do business in each jurisdiction wherein in which the nature character of its activities or of its the properties owned or leased or the nature of the activities conducted makes such qualification qualifications or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessnecessary.

Appears in 5 contracts

Sources: Revolving Credit Agreement (Max & Ermas Restaurants Inc), Revolving Credit Agreement (Max & Ermas Restaurants Inc), Revolving Credit Agreement (Max & Ermas Restaurants Inc)

Qualification. The Company is duly qualified qualified, licensed or licensed ------------- domesticated as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification qualification, licensing or licensing necessary and domestication necessary, except where the failure to be so qualified or licensed would not have a material adverse impact Material Adverse Effect on its businessthe Company.

Appears in 5 contracts

Sources: Stock Purchase Agreement (Titus Interactive S A), Stock Purchase Agreement (Interplay Entertainment Corp), Stock Purchase Agreement (Fargo Brian)

Qualification. The Company is duly qualified or licensed and in good ------------- standing as a foreign corporation in good standing authorized to transact business in each jurisdiction wherein where the nature conduct of its activities business or the ownership of its properties owned or leased makes other assets requires such qualification or licensing necessary and the failure to be so qualified or licensed would have a material adverse impact effect on its businessthe assets, condition or business of the Company.

Appears in 3 contracts

Sources: Stock Purchase Agreement (American Cellular Corp /De/), Stock Purchase Agreement (American Cellular Corp /De/), Stock Purchase Agreement (American Cellular Corp /De/)

Qualification. The Company is duly qualified or licensed as a ------------- foreign corporation limited liability company in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification qualification, licensing or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessdomestication necessary.

Appears in 2 contracts

Sources: LLC Interest Purchase Agreement (Plug Power Inc), LLC Interest Purchase Agreement (Plug Power Inc)

Qualification. The Company is duly qualified or licensed otherwise authorized as a foreign corporation to transact business and is in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes in which such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessauthorization is required by Law.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Beverly Hills LTD Inc), Stock Purchase Agreement (Beverly Hills LTD Inc)

Qualification. The To the best of its knowledge, the Company is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its business.

Appears in 2 contracts

Sources: Note Purchase Agreement (Digi International Inc), Note Purchase Agreement (Digi International Inc)

Qualification. The Each of the Company and its Subsidiaries is duly qualified or licensed and in good standing as a foreign corporation in good standing authorized to do business in each jurisdiction wherein (other than the jurisdiction of its incorporation) in which the nature of its activities or the character of its the properties owned it owns or leased leases makes such qualification or licensing necessary and in which the failure so to be so qualified or licensed qualify would have a material materially adverse impact effect on its businessthe Company.

Appears in 2 contracts

Sources: Note and Warrant Purchase Agreement (Dixon Ticonderoga Co), Note and Warrant Purchase Agreement (Eco Soil Systems Inc)

Qualification. The To the best of its knowledge, the Company is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary necessary, and failure to be so qualified or licensed would have a material adverse impact on its business.

Appears in 2 contracts

Sources: Annual Report, Note Purchase Agreement (Digi International Inc)

Qualification. The Company and each of its subsidiaries is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its business.

Appears in 2 contracts

Sources: Subscription Agreement (Innovative Gaming Corp of America), Subscription Agreement (Innovative Gaming Corp of America)

Qualification. The Company is duly qualified or licensed as a foreign corporation limited liability company in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification qualification, licensing, or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessdomestication necessary.

Appears in 1 contract

Sources: LLC Interest Purchase Agreement (Plug Power Inc)

Qualification. The Company is duly qualified or licensed and in good standing as a foreign corporation in good standing all jurisdictions in each jurisdiction wherein which the character of its owned or leased properties or the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and necessary, except where the failure to be so qualified qualify would not, individually or licensed would in the aggregate, have a material adverse impact Material Adverse Effect on its businessthe Company.

Appears in 1 contract

Sources: Merger Agreement (Ibasis Inc)

Qualification. The Company and each of its Subsidiaries is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessMaterial Adverse Effect (as hereinafter defined).

Appears in 1 contract

Sources: Stock Purchase Agreement (Buca Inc /Mn)

Qualification. The Each Company is duly qualified or licensed to do business as a foreign corporation company and is in good standing in each jurisdiction wherein where the character of the properties owned, leased or operated by it or the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure necessary, except for such failures to be so duly qualified or licensed would and in good standing that could not, individually or in the aggregate, reasonably be expected to have a material adverse impact Material Adverse Effect on its businesseither Company.

Appears in 1 contract

Sources: Placement Agent Agreement (Century Pacific Financial Corp)

Qualification. The Company is duly qualified or licensed and in good standing as a foreign corporation in good standing all jurisdictions in each jurisdiction wherein which the character of its owned or leased properties or the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure necessary, except for any failures to be so qualified and in good standing as would not have, individually or licensed would have in the aggregate, a material adverse impact Material Adverse Effect on its businessthe Company.

Appears in 1 contract

Sources: Merger Agreement (Sonus Networks Inc)

Qualification. The Company is duly qualified or licensed as a foreign corporation limited liability company in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification qualification, licensing or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessdomestication necessary.

Appears in 1 contract

Sources: LLC Interest Purchase Agreement (Plug Power Inc)

Qualification. The Company is duly qualified or licensed and in good standing as a foreign corporation in good standing all jurisdictions in each jurisdiction wherein which the character of its owned or leased properties or the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its businessnecessary.

Appears in 1 contract

Sources: Merger Agreement (Uromed Corp)

Qualification. The Company is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact on its business.

Appears in 1 contract

Sources: Subscription Agreement (Innovative Gaming Corp of America)

Qualification. The Company is duly qualified or licensed as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or of its properties owned or leased makes such qualification or licensing necessary and failure to be so qualified or licensed would have a material adverse impact effect on its business.

Appears in 1 contract

Sources: Series B Preferred Stock Purchase Agreement (Integ Incorp)