Common use of Status and Power Clause in Contracts

Status and Power. The Borrower is a corporation duly incorporated and organized and validly subsisting in good standing under the laws of the Province of Saskatchewan. The Borrower is duly qualified, registered or licensed in all jurisdictions where such qualification, registration or licensing is required. The Borrower has all requisite corporate capacity, power and authority to own, hold under licence or lease its properties and to carry on its business as now conducted. The Borrower has all requisite corporate capacity, power and authority to enter into and carry out the transactions contemplated by this agreement.

Status and Power. The Borrower is a corporation duly incorporated and organized and validly subsisting in good standing under the laws of the Province of Saskatchewan. The Borrower is duly qualified, registered or licensed in all jurisdictions where such qualification, registration or licensing is required. The Borrower has all requisite corporate capacity, power and authority to own, hold under licence or lease its properties and to carry on its business as now conducted. The Borrower 4 has all requisite corporate capacity, power and authority to enter into and carry out the transactions contemplated by this agreement.

Status and Power. The Borrower is a corporation duly incorporated and organized and validly subsisting in good standing under the laws of the Province of Saskatchewan. The Borrower Canada and is duly qualified, registered or licensed in all jurisdictions where such qualification, registration or licensing is requiredrequired to the extent that it is material. The Borrower has all requisite corporate capacity, power and authority to own, hold under licence or lease its properties and properties, to carry on its business as now conducted. The Borrower has all requisite corporate capacityconducted and to otherwise enter into, power and authority to enter into and carry out the transactions contemplated by by, this agreement.