Common use of Capacity and authorisation Clause in Contracts

Capacity and authorisation. the Issuer has full power and capacity: (a) to create and issue the Notes; and (b) to execute the Issuing and Paying Agency Agreement, the Deed of Covenant and each Relevant Agreement, and in each case to undertake and perform the obligations expressed to be assumed by it herein and therein, and that the Issuer has taken all necessary action to approve and authorise the same;

Appears in 2 contracts

Samples: Master Dealer Agreement, Master Dealer Agreement

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Capacity and authorisation. the Issuer has full power and capacity: (a) to create and issue the NotesNotes and to execute the Trust Deed; and (b) to execute the Issuing and Paying Agency this Agreement, the Deed of Covenant Agency Agreement and each Relevant Agreement, and in each case to undertake and perform the obligations expressed to be assumed by it herein and therein, and that the Issuer has taken all necessary corporate action to approve and authorise the same;

Appears in 1 contract

Samples: Dealer Agreement (Philip Morris International Inc.)

Capacity and authorisation. the Issuer has full power and capacity: (a) to create and issue the NotesNotes and to execute the Deed of Covenant; and (b) to execute the Issuing and Paying Agency this Agreement, the Deed of Covenant Agency Agreement and each Relevant Agreement, and in each case to undertake and perform the obligations expressed to be assumed by it herein and therein, and that the Issuer has taken all necessary action actions to approve and authorise the same;

Appears in 1 contract

Samples: Dealer Agreement

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Capacity and authorisation. the Issuer has full power and capacity: (ai) to create and issue the NotesNotes and to execute the Deed of Covenant; and (bii) to execute this Agreement, the Issuing and Paying Agency Agreement, the Deed of Covenant Issuer-ICSDs Agreement and each Relevant Agreement, and in each case to undertake and perform the obligations expressed to be assumed by it herein and therein, and that the Issuer has taken all necessary action to approve and authorise the same or, in the case of each Relevant Agreement and the Notes the subject thereof, will on the date thereof have taken all necessary action to approve and authorise the same;

Appears in 1 contract

Samples: Dealer Agreement

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