Common use of Due Organisation Clause in Contracts

Due Organisation. (a) It is a corporation duly incorporated under the laws of its jurisdiction of incorporation with power to enter into those of the Finance Documents to which it is party and to exercise its rights and perform its obligations under them and all corporate and other action required to authorise its execution of those of the Finance Documents to which it is party and its performance of its obligations under them has been duly taken. (b) It is duly qualified and is authorised to do business and, in jurisdictions having a concept of good standing, is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications.

Due Organisation. (a) It is a corporation duly incorporated organised under the laws of its jurisdiction of incorporation with power to enter into those of the Finance Transaction Documents to which it is party and to exercise its rights and perform its obligations under them and all corporate and other action required to authorise its execution of those of the Finance such Transaction Documents to which it is party and its performance of its obligations under them has been duly taken. (b) It is duly qualified and is authorised to do business and, in jurisdictions having a concept of good standing, is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications.