Common use of Ownership of Property Clause in Contracts

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: Underwriting Agreement (Transcanada Pipelines LTD), Underwriting Agreement (Transcanada Pipelines LTD), Underwriting Agreement (Transcanada Pipelines LTD)

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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), Underwriting Agreement (Enbridge Inc)

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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: Underwriting Agreement (TransCanada Trust), Underwriting Agreement (Transcanada Pipelines LTD), Underwriting Agreement (TransCanada Trust)

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