Existence and Ownership. Lessor is duly organized, validly existing and in good standing under the laws of the state of Delaware, is qualified to do business and in good standing in the State of Oregon (to the extent Lessor is required to be so by Applicable Legal Requirements) and has full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Lease to be observed and/or performed by Lessor.
Existence and Ownership. Landlord is duly organized, validly existing and in good standing under the laws of the State of Delaware, is qualified to do business and in good standing in the State of Louisiana (to the extent Landlord is required to be so by Applicable Legal Requirements) and has full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Lease to be observed or performed by Landlord. The sole general partner of Landlord is Grand Isle GP, Inc., a Delaware corporation and a wholly-owned subsidiary of CorEnergy.
Existence and Ownership. 35 5.8 Reports, Certifications and Other Information..................................................35 5.9
Existence and Ownership. The Borrower shall do, or cause to be done, all things necessary to preserve and keep in full force and effect its and the Subsidiaries' existences as limited partnerships, corporations or limited liability companies, their good standing under the laws of the states of their organization and their qualification to do business, and their good standing as foreign corporations, in all jurisdictions wherein their ownership of property or the nature of their businesses requires such qualification. Each of the Borrower and Atlas Operating shall continue to be the legal and beneficial owner of at least the percentages of the issued and outstanding securities of the Subsidiaries which it owns currently plus all additional percentages of such securities which it may acquire hereafter.
Existence and Ownership. Such Borrower is duly organized and validly existing in good standing under the applicable laws of the state of its creation as a corporation, and such Borrower is qualified to do business in and is in good standing in its state of formation and in the state in which its Property is located, with full power, right, authority and legal capacity to enter into this Agreement, the Loan and the Loan Documents and to operate its Property as contemplated hereunder. If the issuance of any interest in any Borrower is subject to any so-called "Blue Sky Laws" and/or any federal securities laws and regulations, each such issuance has been in compliance with all such laws and regulations to which it is subject.
Existence and Ownership. Lessor is duly organized, validly existing and in good standing under the laws of the state of Delaware, is qualified to do business and in good standing in the State of Wyoming (to the extent Lessor is required to be so by applicable Legal Requirements) and has full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Lease to be observed and/or performed by Lessor. The sole partners of Lessor are (i) Pinedale GP, Inc., a Delaware corporation, the sole general partner of Lessor and a wholly owned subsidiary of CorEnergy Infrastructure Trust, Inc., a Maryland corporation (formerly known as Tortoise Capital Resources Corporation), and (ii) Rxxx Avenue Investments, LLC, a Delaware limited liability company, the sole limited partner of Lessor and an indirect wholly owned subsidiary of Prudential Financial, Inc. Pinedale GP, Inc., holds an 82% general partnership interest in Lessor, and Rxxx Avenue Investments, LLC, owns an 18% limited partnership interest.
Existence and Ownership. Borrower shall do, or cause to be done, all things necessary to preserve and keep in full force and effect its and the Subsidiaries' existences as corporations, their good standing under the laws of the states of their incorporation and their qualification to do business, and their good standing as foreign corporations, in all jurisdictions wherein their ownership of property or the nature of their businesses requires such qualification. Borrower shall continue to be the legal and beneficial owner of at least the percentages of the issued and outstanding securities of the Subsidiaries which it owns currently plus all additional percentages of such securities which it may acquire hereafter.
Existence and Ownership. 35 4.8 REPORTS, CERTIFICATIONS AND OTHER INFORMATION ....................35 4.9
Existence and Ownership. D & K is corporation duly organized and ----------------------- validly existing under the laws of the State of Delaware, and qualified to do business in the State of Missouri and the State of Kentucky, and all other States in which D & K does business. Krelitz is corporation duly organized and validly existing under the laws of the State of Minnesota, and qualified to do business in the State of Minnesota, and all other States in which Krelitz does business. Krelitz is a wholly-owned subsidiary of D & K. D & K has full power and authority to conduct its business as presently conducted, to lease the Missouri Facility, to own the Kentucky Facility, to own the Missouri FFE, the Kentucky FFE and the Minnesota FFE (if any), and to own its other properties, and to perform all of its duties and obligations under the Loan Documents; and such execution and performance have been duly authorized by all corporate action. Krelitz has full power and authority to conduct its business as presently conducted, to own the Minnesota Facility, to own the Minnesota FFE, and to own its other properties, and to perform all of its duties and obligations under the Loan Documents; and such execution and performance have been duly authorized by all corporate action.
Existence and Ownership. (a) Each of Borrower, a general partnership, BP LLC, a general partner of Borrower and a limited liability company, the Operating Partnership, a general partner of Borrower and a limited partnership, and the REIT, a corporation and a member of BP LLC and a partner of the Operating Partnership: (i) has been duly formed or organized and is validly existing under the laws of the District of Columbia, with respect to the Borrower, and the State of Delaware with respect to such other Entities, (ii) has adequate authority, rights and franchises to own its properties, to carry on its business as now conducted and to perform its obligations hereunder and under the other Loan Documents, and (iii) has made all filings in each jurisdiction in which the character of its business or nature of its properties makes such filings necessary and where not filing could have a material adverse impact on its business.
(b) Borrower has no subsidiaries and no ownership interests in any Entities. Borrower has no material assets or other material properties other than the Premises and properties and assets directly related thereto. Borrower conducts no business, directly or indirectly, except as contemplated by Section 5.3 of this Agreement.
(c) As of the Closing Date, BP LLC is a general partner of Borrower having a 1% ownership interest therein, and the Operating Partnership is the only other general partner of Borrower having a 99% ownership interest therein. BP LLC is owned 1% by the REIT and 99% by the Operating Partnership. As of the Closing Date, the Operating Partnership is majority owned by the REIT (which has a general and limited partnership interest therein), and by certain other limited partners.
(d) The REIT is a publicly traded real estate investment trust duly formed and existing under the corporate laws of the State of Delaware and Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, in which, as of the Closing Date, Xxxxxxxx X.
