Independence and Qualifications Sample Clauses

Independence and Qualifications. The members of a nominating committee must be independent of the governments represented by the Council of Ministers and possess appropriate qualifications and capital markets-related experience.
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Independence and Qualifications. In accordance with the Independent Engineer Agreement, the Independent Engineer is required to act impartially and independently of PGCPS and Developer in the performance of its duties as contemplated in this Agreement and the Independent Engineer Agreement. At all times, the Independent Engineer shall (i) possess skills in design review (including architectural review, structural peer review, and mechanical, electrical, and plumbing) for compliance with design requirements and technical specifications similar to the Technical Requirements, institutional building construction involving complex structural systems similar to the Schools, construction cost consulting, construction claims adjusting, and structural retrofit construction to act as the Independent Engineer; (ii) have a technical background and in- depth expertise with the Commissioning process related to recently constructed buildings of
Sample 1

Related to Independence and Qualifications

  • Organization and Qualification The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the Company nor any Subsidiary is in violation nor default of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter documents. Each of the Company and the Subsidiaries is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be, could not have or reasonably be expected to result in: (i) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results of operations, assets, business, prospects or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) a material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.

  • Due Organization and Qualification Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

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