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Incorporation of the Target Companies Sample Clauses

Incorporation of the Target Companies. Each Target Company is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation. Each Target Company is duly qualified and in good standing to do business as a foreign corporation in each jurisdiction in which the property owned, leased, or operated by it or the nature of its business makes such qualification necessary.
Incorporation of the Target Companies. 3.1 Each of the Target Companies has been duly incorporated and is validly existing under the laws of Liberia as Liberian Nonresident Domestic Corporation.