Status Each of the Security Parties. (a) is a corporation duly incorporated and validly existing under the law of its jurisdiction of incorporation; and (b) has the power to own its assets and carry on its business as it is being conducted.
Appears in 4 contracts
Samples: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.)
Status Each of the Security Parties. (a) is a corporation limited liability corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporationOriginal Jurisdiction; and
(b) has the power to own its assets and carry on its business as it is being conducted.
Appears in 3 contracts
Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Status Each of the Security Parties. (a) is a corporation limited liability corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation; and
(b) has the power to own its assets and carry on its business as it is being conducted.
Appears in 3 contracts
Samples: Secured Loan Facility Agreement (Diana Containerships Inc.), Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (HC2 Holdings, Inc.)
Status Each of the Security Parties. (a) is a corporation limited liability corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporationOriginal Jurisdiction; and
and (b) has the power to own its assets and carry on its business as it is being conducted.
Appears in 1 contract
Samples: Secured Loan Agreement (TORM PLC)
Status Each of the Security Parties. (a) is a corporation duly incorporated and validly existing under the law of its jurisdiction of incorporation; and
(b) has the power to own its assets and carry on its business as it is being conducted.
19.1.7 Binding obligations Subject to the Legal Reservations:
Appears in 1 contract
