CAPACITY AND POWERS. 6.1. Subject to the Act and any other British Virgin Islands legislation, the Company has, irrespective of corporate benefit:
(a) full capacity to carry on or undertake any business or activity, do any act or enter into any transaction; and
(b) for the purposes of paragraph (a), full rights, powers and privileges.
6.2. For the purposes of section 9(4) of the Act, there are no limitations on the business that the Company may carry on.
CAPACITY AND POWERS. The Account Holder must be a legally competent person or must be duly represented if incompetent. Where the Account Holder is a legally incompetent person and according to the applicable system of representation, the Account Holder or his/her representative will provide SGSS with a copy of the decision of the guardianship judge warranting the system of representation and allowing the account operation methods to be determined. The securities account can be opened and operated with the signature of one or more authorised agents appointed for this purpose by separate instrument. If the Account Holder is a legal entity, the securities account may be opened and operated with the signature of the legal representative or a duly authorised person. According to its legal form, the legal entity Account Holder shall provide SGSS with all documents proving the powers of the representatives authorised to operate the securities account. These powers will become null and void should the legal entity Account Holder be subject to a class action. When the legal entity Account Holder is acting as an intermediary holding securities on behalf of a third party or as a qualified investor, it must specify this when opening the account and immediately inform SGSS of any change in its status.
CAPACITY AND POWERS. The Crossing Authority shall have the capacity, rights, and powers of a natural person, may carry on its activities throughout Canada and shall have the capacity to carry on its activities, conduct its affairs and exercise its powers in Michigan to the extent that the Laws of Michigan and the US permit.
CAPACITY AND POWERS. Subject to the Act and any other British Virgin Islands legislation, the Company has, irrespective of corporate benefit:
CAPACITY AND POWERS. The International Authority shall be a legal entity separate and distinct from the Parties. The International Authority shall have the capacity, rights and powers of a natural person, including, in its own name to make and enter into contracts, to employ agents or employees, to acquire, hold or dispose of property, to incur debts, liabilities or obligations, provided that such debts, liabilities or obligations do not constitute debts, liabilities or obligations of any of the Parties, and to cooperate with Canada, the Crossing Authority and the Michigan Parties. The International Authority may sue and be sued in its own name. The International Authority shall not be operated for profit. The International Authority may not condemn property in Michigan. The International Authority shall not impose any Taxes. The internal governance, activities and operations of the International Authority, including meetings, deliberations and decisions of the International Authority, and all information related thereto, shall be subject to and governed by Applicable Law, including, but not limited to, Section 10, of Article 1 of the US Constitution and judicial interpretations thereof. The International Authority shall adopt such by-laws, rules and regulations with respect to the conduct of its affairs, not inconsistent with this Agreement or Applicable Law, as it may deem necessary or proper, including by-laws, rules and regulations to ensure that information provided by the Crossing Authority or the Michigan Parties to the International Authority shall remain confidential and shall not be disclosed to any third party, except as permitted by the Crossing Authority or the Michigan Parties, respectively.
CAPACITY AND POWERS. Each party represents and warrants to the other parties that each of the following statements is true and accurate as at the date of this Agreement:
(a) it is validly existing under the laws of its place of incorporation or registration;
(b) it has the power to enter into and perform its obligations under this Agreement and to carry out the transactions contemplated by this Agreement;
(c) it has taken all necessary action to authorise its entry into and performance of this Agreement and to carry out the transactions contemplated by this Agreement; and
(d) its obligations under this Agreement are valid, binding and enforceable against it in accordance with their terms.
CAPACITY AND POWERS. 15.3.1 Each Pxxxxxx has legal capacity and powers to enter into and perform the Transaction Documents, a party to which it is, and the transactions contemplated by them and has obtained all requisite approvals (consents) for the entry into and performance of such Transaction Documents in the manner prescribed by the legislation and its constituent and other internal documents, including the approval (provision of consent for the performance) of the transactions contemplated by such Transaction Documents as a major transaction and an interested-party transaction (if such approvals (consents) are required).
15.3.2 The persons acting on behalf of the Debtor have the authority to enter into the Transaction Documents, to which the relevant Debtor is a party.
CAPACITY AND POWERS. The Corporation has all necessary power, authority and capacity to own or lease and operate its assets and rights and to carry on the Business as currently being conducted.
CAPACITY AND POWERS. 5.1 Subject to the Act and any other British Virgin Islands legislation, the Company has, irrespective of corporate benefit:
(a) full capacity to carry on or undertake any business or activity, do any act or enter into any transaction, including but not limited to the following:
(i) To carry on the business of an investment company and to act as promoters and entrepreneurs and to carry on business as financiers, capitalists, concessionaires, merchants, brokers, traders, dealers, agents, importers and exporters and to undertake and carry on and execute all kinds of investment, financial, commercial, mercantile, trading and other operations.
(ii) To carry on whether as principals, agents or otherwise howsoever the business of realtors, developers, consultants, estate agents or managers, builders, contractors, engineers, manufacturers, dealers in or vendors of all types of property including services.
(iii) To exercise and enforce all rights and powers conferred by or incidental to the ownership of any shares, stock, obligations or other securities including but without prejudice to the generality of the foregoing all such powers of veto or control as may be conferred by virtue of the holding by the Company of some special proportion of the issued or nominal amount thereof, to provide managerial and other executive, supervisory and consultant services for or in relation to any company in which the Company is interested upon such terms as may be thought fit.
(iv) To purchase or otherwise acquire, to sell, exchange, surrender, lease, mortgage, charge, convert, turn to account, dispose of and deal with real and personal property and rights of all kinds and, in particular, mortgages, debentures, produce, concessions, options, contracts, patents, annuities, licenses, stocks, shares, bonds, policies, book debts, business concerns, undertakings, claims, privileges and choses in action of all kinds.
(v) To subscribe for, conditionally or unconditionally, to underwrite, issue on commission or otherwise, take, hold, deal in and convert stocks, shares and securities of all kinds and to enter into partnership or into any arrangement for sharing profits, reciprocal concessions or cooperation with any person or company and to promote and aid in promoting, to constitute, form or organize any company, syndicate or partnership of any kind, for the purpose of acquiring and undertaking any property and liabilities of the Company or of advancing, directly or indirectly, the obje...
CAPACITY AND POWERS. The Account Holder must be a legally competent person or must be duly represented if incompetent. Where the Account Holder is a legally incompetent person and according to the applicable system of representation, the Account Holder or their representative will provide SGSS with a copy of the decision of the guardianship judge warranting the system of representation and allowing the account operation methods to be determined. The securities account may also be opened in the name of a minor and operate under the signature of the legal representatives appointed when the account is opened. Note that legal representatives may not, without the prior authorisation of the guardianship judge, carry out an act relating to securities or financial instruments if the latter commits the minor’s assets for the present or future by a material change in its content, a significant depreciation in its capital value or a lasting alteration of the minor’s prerogatives. It is therefore up to the legal representatives, in view of their knowledge of the nature of their child’s assets, to decide whether or not to seek prior authorisation from the guardianship judge. The securities account can be opened and operated with the signature of one authorised agent appointed for this purpose by separate instrument. If the Account Holder is a legal entity, the securities account may be opened and operated with the signature of the legal representative or a duly authorised person. According to its legal form, the legal entity Account Holder shall provide SGSS with all documents proving the powers of the representatives authorised to operate the securities account. These powers will become null and void should the legal entity Account Holder be subject to court-ordered administration or compulsory liquidation proceedings. When the legal entity Account Holder is acting as an intermediary holding securities on behalf of a third party, it must specify this in the registration form and immediately inform SGSS of any change in its status.
