Corporate Existence and Related Matters. Each Borrower is a corporation duly organized, validly existing and in good standing under the Laws of the State or country of its incorporation and is duly qualified to do and transact business and is in good standing as a foreign corporation in each and every state or country in which the conduct of its business or the location of its properties requires such qualification and the failure to so qualify would have a Materially Adverse Effect. SCHEDULE 7.A attached hereto lists each Borrower and its relationship to CWI. As of the date hereof, the only Subsidiaries of CWI are designated in SCHEDULE 7.A hereto and are Borrowers hereunder. SCHEDULE 7.A hereto correctly sets forth, as to each such Subsidiary, whether or not it is a Consolidated Subsidiary, the jurisdiction of its incorporation, the percentage of issued and outstanding shares of each class of its capital stock owned by CWI and the Subsidiaries and, if such percentage is not 100%, a description of each class of its authorized capital stock and the number of shares of each class issued and outstanding. All of the issued and outstanding shares of capital stock of each Subsidiary are validly issued and outstanding and fully paid and nonassessable and all such shares indicated in SCHEDULE 7.A as owned by CWI or a Subsidiary are owned, beneficially and of record, by CWI or such Subsidiary, free of any Lien. SCHEDULE 7.A contains all assumed or business names utilized by each Borrower, the jurisdiction of incorporation of each Borrower, and all jurisdictions where each Borrower is qualified to do business. The information in SCHEDULE 7.A hereto is true and complete.
Corporate Existence and Related Matters. (i) Prophecy is a company duly incorporated and validly existing under the laws of the Province of British Columbia and is in good standing with respect to the filing of annual reports.
Corporate Existence and Related Matters. (i) Northern is a company duly incorporated and validly existing under the laws of the Province of British Columbia and is in good standing with respect to the filing of annual reports.
Corporate Existence and Related Matters. (i) Pathfinder is a company duly incorporated, organized and validly existing under the laws of the Province of British Columbia and is in good standing with respect to the filing of annual returns.
Corporate Existence and Related Matters. (i) Xxxxxxx is a company duly continued into, and validly existing under the laws of the Province of British Columbia and is in good standing with respect to the filing of annual reports.
Corporate Existence and Related Matters. Each Borrower is a corporation
Corporate Existence and Related Matters. Each of the Company and its Subsidiaries: (a) in the case of the Company and its corporate Subsidiaries, is a corporation duly organized and validly existing under the laws of the jurisdiction of its incorporation; (b) in the case of non-corporate Subsidiaries, are entities duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective organization, (c) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its assets and carry on its business as now being or as proposed to be conducted; and (d) is qualified to do business in all jurisdictions in which the failure so to qualify would have a material adverse effect on the business, affairs or financial condition of the Company or such Subsidiary.
Corporate Existence and Related Matters. (i) NCA is a company duly continued into, and validly existing under the laws of the Province of British Columbia and is in good standing with respect to the filing of annual reports.
Corporate Existence and Related Matters. Each of the Company and its Subsidiaries: (a) in the case of corporate Subsidiaries, is a corporation duly organized and validly existing under the laws of the jurisdiction of its incorporation; (b) in the case of non-corporate Subsidiaries, are entities duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective organization; (c) has all requisite power, and has all material governmental licenses, authorizations, consents and approvals, necessary to own its assets and carry on its business as now being or as proposed to be conducted; and (d) is qualified to do business in each jurisdiction where, because of the value of its respective activities or properties, such qualification is required.
Corporate Existence and Related Matters. (i) Ursa is a company duly incorporated and validly existing under the laws of the Province of Ontario and is in good standing with respect to the filing of annual reports.
