Common use of Organization and Corporate Authority Clause in Contracts

Organization and Corporate Authority. CMTC is duly incorporated, validly existing and in good standing under the laws of the Republic of the Xxxxxxxx Xxxxxxx, and has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by CMTC, has been effectively authorized by all necessary action, corporate or otherwise, and constitutes legal, valid and binding obligations of CMTC. No meeting has been convened or resolution proposed or petition presented and no order has been made to wind up CMTC.

Organization and Corporate Authority. CMTC is duly incorporated, validly existing and in good standing under the laws of the Republic of the Xxxxxxxx XxxxxxxIslands, and has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by CMTC, has been effectively authorized by all necessary action, corporate or otherwise, and constitutes legal, valid and binding obligations of CMTC. No meeting has been convened or resolution proposed or petition presented and no order has been made to wind up CMTC.

Organization and Corporate Authority. CMTC is duly incorporated, validly existing and in good standing under the laws of the Republic of the Xxxxxxxx XxxxxxxMxxxxxxx Islands, and has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by CMTC, has been effectively authorized by all necessary action, corporate or otherwise, and constitutes legal, valid and binding obligations of CMTC. No meeting has been convened or resolution proposed or petition presented and no order has been made to wind up CMTC.