Common use of Valid Organization, Good Standing and Qualification Clause in Contracts

Valid Organization, Good Standing and Qualification. Borrower is a corporation, duly created, validly existing and in good standing under the laws of Ontario, Canada, has full power and authority to execute, deliver and comply with this Agreement, and to carry on its business as it is now being conducted and is duly licenses or qualified as a foreign company in good standing under the laws of each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such licensing or qualification.

Appears in 27 contracts

Samples: Secured Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp)

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Valid Organization, Good Standing and Qualification. Borrower is a corporation, duly created, validly existing and in good standing under the laws of OntarioBritish Columbia, Canada, and has full power and authority capacity to execute, deliver and comply with this Agreement, Agreement and to carry on its business as it is now being conducted and is duly licenses licensed or qualified as a foreign company in good standing under the laws of each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such licensing or qualification.standing

Appears in 1 contract

Samples: Secured Gold Loan Agreement (Almaden Minerals LTD)

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Valid Organization, Good Standing and Qualification. Borrower is a corporation, duly created, validly existing and in good standing under the laws of Ontario, Canada, and has full power and authority to execute, deliver and comply with this Agreement, Agreement and to carry on its business as it is now being conducted and is duly licenses licensed or qualified as a foreign company in good standing under the laws of each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such licensing or qualification.

Appears in 1 contract

Samples: Secured Gold Loan Agreement (Tanzanian Gold Corp)

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