Common use of Status and Due Authorisation Clause in Contracts

Status and Due Authorisation. Each of the Security Parties is a corporation, limited liability company or limited partnership duly incorporated or formed under the laws of its jurisdiction of incorporation, organisation or formation (as the case may be) with power to enter into the Facility Documents and to exercise its rights and perform its obligations under the Facility Documents and all corporate and other action required to authorise its execution of the Facility Documents and its performance of its obligations thereunder has been duly taken.

Appears in 7 contracts

Samples: Loan Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility (Teekay Offshore Partners L.P.), Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.)

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Status and Due Authorisation. Each of the Security Parties is a corporation, limited liability company corporation or limited partnership duly incorporated or formed under the laws of its jurisdiction of incorporation, organisation incorporation or formation (as the case may be) with power to enter into the Facility Finance Documents and to exercise its rights and perform its obligations under the Facility Finance Documents and all corporate and other action required to authorise its execution of the Facility Finance Documents and its performance of its obligations thereunder has been duly taken.

Appears in 3 contracts

Samples: Secured Facility Agreement, Secured Facility Agreement (Teekay LNG Partners L.P.), Secured Facility Agreement (Teekay LNG Partners L.P.)

Status and Due Authorisation. Each of the Security Parties is a corporation, limited liability company or limited partnership duly incorporated or formed under the laws of its jurisdiction of incorporation, organisation incorporation or formation (as the case may be) with power to enter into the Facility Finance Documents and to exercise its rights and perform its obligations under the Facility Finance Documents and all corporate and other action required to authorise its execution of the Facility Finance Documents and its performance of its obligations thereunder has been duly taken.

Appears in 3 contracts

Samples: Secured Term Loan Facility Agreement, Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.), Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)

Status and Due Authorisation. Each of the Security Parties is a corporation, corporation or limited partnership or limited liability company or limited partnership duly incorporated or formed under the laws of its jurisdiction of incorporation, organisation or formation (as the case may be) with power to enter into the Facility Finance Documents and to exercise its rights and perform its obligations under the Facility Finance Documents and all corporate and other action required to authorise its execution of the Facility Finance Documents and its performance of its obligations thereunder has been duly taken.

Appears in 2 contracts

Samples: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Loan Agreement (Teekay LNG Partners L.P.)

Status and Due Authorisation. Each of the Security Parties is a corporation, partnership or limited liability company or limited partnership duly incorporated or formed under the laws of its jurisdiction of incorporation, organisation or formation (as the case may be) with power to enter into the Facility Finance Documents and to exercise its rights and perform its obligations under the Facility Finance Documents and all corporate and other action required to authorise its execution of the Facility Finance Documents and its performance of its obligations thereunder has been duly taken.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)

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Status and Due Authorisation. Each of the Security Parties is a corporation, corporation or limited liability company or limited partnership duly incorporated organised or formed under the laws of its jurisdiction of incorporation, organisation or formation (as the case may be) with power to enter into the Facility Security Documents and to exercise its rights and perform its obligations under the Facility Security Documents and all corporate and other action required to authorise its execution of the Facility Security Documents and its performance of its obligations thereunder has been duly taken.

Appears in 1 contract

Samples: Loan Agreement (Teekay LNG Partners L.P.)

Status and Due Authorisation. Each of the Security Parties is a corporation, limited liability company corporation or limited partnership duly incorporated or formed under the laws of its jurisdiction of incorporation, organisation incorporation or formation (as the case may be) with power to enter into the Facility Finance Documents and to exercise its rights and perform its obligations under the Facility Finance Documents and all corporate and other action required to authorise its execution of the Facility Finance Documents and its performance of its obligations thereunder has been duly taken.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Teekay Offshore Partners L.P.)

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