CAPACITY AND POWERS Sample Clauses

CAPACITY AND POWERS. 5.1. Subject to the Act and any other British Virgin Islands legislation, the Company has, irrespective of corporate benefit:
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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.
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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 xxx 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.
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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.
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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:
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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.
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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).
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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 shall 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 function under the signature of the legal representatives appointed at the time the account is opened. It is hereby recalled that, without prior authorisation from the guardianship judge, legal representatives may not conclude a deed relating to securities or financial instruments if this engages the minor’s assets now or in the future due to a significant modification of their content, a significant depreciation of their 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 contents of their child’s assets, to decide whether or not to ask the guardianship judge for prior authorisation. The securities account may be opened and operated with the signature of an authorised agent appointed for this purpose by separate deed. 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 shall become null and void should the legal entity Account Holder be subject to any court-ordered turnaround or 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.
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CAPACITY AND POWERS. The Purchaser has all necessary power, authority and capacity to own or lease and operate its assets and rights and to carry on the Purchaser’s Business as currently being conducted.‌
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Related to CAPACITY AND POWERS

  • Authority and Power All authority and power granted to the Servicer under this Agreement shall automatically cease and terminate upon termination of this Agreement and shall pass to and be vested in the Borrower and, without limitation, the Borrower is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights. The Servicer agrees to cooperate with the Borrower in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing of the Collateral Portfolio.

  • Purpose and Powers (a) The Company is organized for the purposes of undertaking such activities as determined by the Board and, subject to the terms and conditions herein and of the Delaware Act, the Members, which are permitted by applicable law and engaging in activities incidental or ancillary thereto. Notwithstanding the forgoing, the Company has been organized to form a subsidiary which will acquire the artwork as identified on Schedule 1 (the “Painting”) and undertake certain actions with respect thereto.

  • Purposes and Powers The purpose of the Trust is to engage in the following activities:

  • Authorization and Power Such Subscriber has the requisite power and authority to enter into and perform this Agreement and the other Transaction Documents (as defined herein) and to purchase the Note and Warrants being sold to it hereunder. The execution, delivery and performance of this Agreement and the other Transaction Documents by such Subscriber and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action, and no further consent or authorization of Subscriber or its board of directors or stockholders, if applicable, is required. This Agreement and the other Transaction Documents have been duly authorized, executed and delivered by such Subscriber and constitutes, or shall constitute, when executed and delivered, a valid and binding obligation of such Subscriber, enforceable against Subscriber in accordance with the terms thereof.

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Organization and Power The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

  • Organization, Qualification and Power The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all requisite corporate power and authority, and all governmental licenses, governmental authorizations, governmental consents and governmental approvals, required to carry on its business as now conducted and to own, lease and operate the assets and properties of the Company as now owned, leased and operated. The Company is duly qualified or licensed to do business as a foreign corporation and is in good standing in every jurisdiction in which the character or location of its properties and assets owned, leased or operated by the Company or the nature of the business conducted by the Company requires such qualification or licensing, except where the failure to be so qualified, licensed or in good standing in such other jurisdiction could not, individually or in the aggregate, have a Material Adverse Effect (as defined herein) on the Company. The Company has heretofore delivered to the Investors complete and accurate copies of its Articles of Incorporation and Bylaws, as currently in effect. The Company has previously delivered to the Investors a complete and accurate list of all jurisdictions in which the Company is qualified or licensed to do business as of the date hereof.

  • Corporate Organization and Power Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) has the full corporate power and authority to execute, deliver and perform the Credit Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted, and (iii) is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the failure to be so qualified would not, individually or in the aggregate, be reasonably likely to have a Material Adverse Effect.

  • Existence and Power The Seller is a limited liability company validly existing and in good standing under the laws of the State of Delaware and has, in all material respects, all power and authority required to carry on its business as it is now conducted. The Seller has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets.

  • Due Organization and Power Each Security Party is duly formed and is validly existing in good standing under the laws of its jurisdiction of incorporation or formation, has full power to carry on its business as now being conducted and to enter into and perform its obligations under this Agreement, the Note and the Security Documents to which it is a party, and has complied with all statutory, regulatory and other requirements relative to such business and such agreements;

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