Common use of Due Formation Clause in Contracts

Due Formation. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the Cayman Islands, with power and authority (corporate and other) to own its properties and conduct its business as now conducted.

Due Formation. The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the Cayman Islands, with requisite power and authority (corporate and other) to own own, lease or operate its properties and conduct its business as now conducted. Each of the other Group Companies is duly organized, validly existing and qualified to transact business and is in good standing (or equivalent status in the relevant jurisdiction) in each jurisdiction in which the conduct of their respective businesses or their respective ownership, leasing or operation of property requires such qualification.