Common use of Status and Due Clause in Contracts

Status and Due. Authorisation Each of the Security Parties is a corporation or limited liability company 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 Finance Documents and to exercise its rights and perform its obligations under the Finance Documents and all corporate and other action required to authorise its execution of the Finance Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation or limited liability company 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 Finance Documents and to exercise its rights and perform its obligations under the Finance Documents and all corporate and other action required to authorise its execution of the Finance Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation corporation, or limited liability company 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 Finance Documents and to exercise its rights and perform its obligations under the Finance Documents and all corporate and other action required to authorise its execution of the Finance Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation or limited liability company 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 Finance Documents and to exercise its rights and perform its obligations under the Finance Documents and all corporate and other action required to authorise its execution of the Finance Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation corporation, partnership or limited liability company 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 Finance Documents and to exercise its rights and perform its obligations under the Finance Documents and all corporate and other action required to authorise its execution of the Finance Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation or limited liability company 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 Finance Security Documents and to exercise its rights and perform its obligations under the Finance Security Documents and all corporate and other action required to authorise its execution of the Finance Security Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation or limited liability company 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 Finance Security Documents and to exercise its rights and perform its obligations under the Finance Security Documents and all corporate and other action required to authorise its execution of the Finance Security Documents and its performance of its obligations thereunder has been duly taken.

Status and Due. Authorisation Each of the Security Parties is a corporation or 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 Finance Documents and to exercise its rights and perform its obligations under the Finance Documents and all corporate and other action required to authorise its execution of the Finance Documents and its performance of its obligations thereunder has been duly taken.