Common use of Formation and Standing Clause in Contracts

Formation and Standing. The Company is duly formed and validly existing in good standing as a corporation under the laws of Bermuda, and has all requisite power and authority to carry on its business as proposed to be conducted following the Closing as described in the Confidential Private Placement Memorandum relating to the private offering of Securities by the Company (together with any amendments and supplements thereto, the “Memorandum”).

Appears in 20 contracts

Samples: Subscription Agreement (Third Point Reinsurance Ltd.), Subscription Agreement (Third Point Reinsurance Ltd.), Subscription Agreement (Third Point Reinsurance Ltd.)

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Formation and Standing. The Company is duly formed and validly existing in good standing as a corporation under the laws of Bermuda, and has all requisite power and authority to carry on its business as proposed to be conducted following the Closing as described in the Confidential Private Placement Memorandum relating to the private offering of Securities securities (including the Warrants) by the Company (together with any amendments and supplements thereto, the “Memorandum”).

Appears in 1 contract

Samples: Warrant Subscription Agreement (Third Point Reinsurance Ltd.)

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