Ownership of Property. Each of the Company and each of its subsidiaries owns or leases all such properties as are necessary to the conduct of its operations as presently conducted, except such as would not, individually or in the aggregate, constitute a material adverse effect on the condition (financial or otherwise), earnings, business or properties of the Company and its subsidiaries, taken as a whole;
Appears in 24 contracts
Samples: Transcanada Pipelines LTD, Transcanada Pipelines LTD, Transcanada Pipelines LTD
Ownership of Property. Each of the Company and each of its subsidiaries owns or leases all such properties as are necessary to the conduct of its operations as presently conducted, except such as would not, individually or in the aggregate, constitute a material adverse effect on the condition (financial or otherwise), earnings, business or properties of the Company and its subsidiaries, taken as a wholeMaterial Adverse Effect;
Appears in 18 contracts
Samples: Underwriting Agreement (Enbridge Inc), Underwriting Agreement (Enbridge Inc), Enbridge Inc
Ownership of Property. Each of the Trust and the Company and each of its subsidiaries owns or leases all such properties as are necessary to the conduct of its operations as presently conducted, except such as would not, individually or in the aggregate, constitute a material adverse effect on the condition (financial or otherwise), earnings, business or properties of the Trust or the Company and its subsidiaries, taken as a whole;
Appears in 11 contracts
Samples: Letter Agreement (Transcanada Pipelines LTD), Transcanada Trust (TransCanada Trust), Transcanada Trust (TransCanada Trust)