Common use of Status Clause in Contracts

Status. It is a public limited company duly incorporated, validly existing and registered under the laws of the jurisdiction in which it is incorporated, capable of being sued in its own right and not subject to any immunity from any proceedings, and it has the power to own its property and assets and to carry on its business as it is being conducted.

Status. (a) It is a public limited liability company duly incorporated, validly existing and registered under the laws of the jurisdiction in which it is incorporated, capable of being sued in its own right and not subject to any immunity from any proceedings, and ; and (b) it has the power to own its property and assets and to carry on its business as it is being conducted.

Status. (a) It is a public limited liability company duly incorporated, validly existing and registered under the laws of the jurisdiction in which it is incorporated, capable of being sued in its own right and not subject to any immunity from any proceedings, and it ; and (b) It has the power to own its property and assets and to carry on its business as it is being conducted.