Common use of Status and Power of Obligors Clause in Contracts

Status and Power of Obligors. Each Company is a corporation duly incorporated and organized and validly subsisting in good standing under the laws of its jurisdiction of incorporation. Each Company is duly qualified, registered or licensed in all jurisdictions where the failure to do so would reasonably be expected to have a Material Adverse Effect. Each Company has all requisite corporate capacity, power and authority to own, hold under licence or lease its properties, to carry on its business as now conducted. Each Company has all requisite corporate capacity to enter into, and carry out the transactions contemplated by, the Finance Documents to which is a party.

Status and Power of Obligors. Each Company is a corporation duly incorporated and organized and validly subsisting in good standing under the laws of its jurisdiction of incorporation. Each Company is duly qualified, registered or licensed in all jurisdictions where the failure to do so would reasonably be expected to have a Material Adverse Effectnature of its business makes such qualification, registration or licensing necessary. Each Company has all requisite corporate capacity, power and authority to own, hold under licence or lease its properties, to carry on its business as now conducted. Each Company has all requisite necessary corporate capacity to enter into, and carry out the transactions contemplated by, the Finance Documents to which is a party.

Status and Power of Obligors. Each Company is a corporation duly incorporated incorporated, amalgamated or continued, as applicable, and organized and validly subsisting in good standing under the laws of its jurisdiction of incorporation. Each Company is duly qualified, registered or licensed in all jurisdictions where the failure to do so would reasonably be expected to have a Material Adverse Effectnature of its business makes such qualification, registration or licensing necessary. Each Company has all requisite corporate capacity, power and authority to own, hold under licence or lease its properties, properties and to carry on its business as now conducted. Each Company Obligor has all requisite necessary corporate capacity to enter into, and carry out the transactions contemplated by, the Finance Documents to which it is a party.