Valid Organization. Buyer is a Texas corporation duly organized, validly existing and in good standing under the Laws of the State of Texas. Buyer is duly qualified or licensed to do business in all states where it is necessary and required to be so qualified or licensed in order to perform the obligations and effect the transactions contemplated by this Agreement.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Adams Resources & Energy, Inc.)