Common use of Corporate Power Clause in Contracts

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guarantee; and (b) to make all the payments contemplated by, and to comply with, this Guarantee.

Appears in 41 contracts

Sources: Guarantee, Guarantee (EuroDry Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this GuaranteeGuarantee or any other Leasing Document to which it is a party; and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee or any other Leasing Document to which it is a party.

Appears in 14 contracts

Sources: Guarantee (Top Ships Inc.), Guarantee (Top Ships Inc.), Guarantee (Top Ships Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guarantee; and (b) to make all the payments contemplated by, and to comply with, with this Guarantee.

Appears in 4 contracts

Sources: Guarantee (EuroDry Ltd.), Guarantee (EuroDry Ltd.), Deed of Guarantee (Gener8 Maritime, Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents consents, approvals, authorisations, licenses or permits necessary for it: (a) to execute this GuaranteeGuarantee or any other Leasing Document to which it is a party; and (b) to make all the payments contemplated by, and to comply withwith and perform its obligations under, this GuaranteeGuarantee or any other Leasing Document to which it is a party.

Appears in 3 contracts

Sources: Guarantee (United Maritime Corp), Guarantee (Seanergy Maritime Holdings Corp.), Guarantee (United Maritime Corp)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this GuaranteeGuarantee or any other Security Document to which it is a party; and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee or any other Security Document to which it is a party.

Appears in 3 contracts

Sources: Guarantee, Guarantee, Guarantee

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guaranteethe Finance Documents to which the Guarantor is a party; and (b) to make all the payments contemplated by, and to comply with, this Guaranteethe Finance Documents to which the Guarantor is a party.

Appears in 2 contracts

Sources: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guarantee; and (b) to make all the payments contemplated by, and to comply with, this Guarantee.

Appears in 2 contracts

Sources: Fourth Amending and Restating Agreement (DryShips Inc.), Guarantee Facility Agreement (TBS International LTD)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guaranteethe Guarantor's Documents; and (b) to make all the payments contemplated by, and to comply with, this Guaranteethe Guarantor's Documents.

Appears in 1 contract

Sources: Guarantee (Box Ships Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action actions and obtained all consents consents, approvals, authorisations, licenses or permits necessary for it: (a) to execute this GuaranteeGuarantee or any other Leasing Document to which it is a party; and (b) to make all the payments contemplated by, and to comply with, with and perform its obligations under this GuaranteeGuarantee or any other Leasing Document to which it is a party.

Appears in 1 contract

Sources: Guarantee (Performance Shipping Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guarantee; and (b) to make all the payments contemplated by, . and to comply with, with this Guarantee.

Appears in 1 contract

Sources: Guarantee (EuroDry Ltd.)

Corporate Power. The Corporate Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guaranteethe Corporate Guarantor’s Documents; and (b) to make all the payments contemplated by, and to comply with, this Guaranteeany Corporate Guarantor’s Document.

Appears in 1 contract

Sources: Corporate Guarantee (DryShips Inc.)

Corporate Power. The Guarantor has the corporate capacity, capacity and has taken all corporate action action, and obtained all consents necessary no consent of any Person is required, for it: (a) it to execute this Guarantee; and (b) to make all the payments contemplated by, and to comply with, with its obligations under this Guarantee.

Appears in 1 contract

Sources: Margin Loan Agreement (Teekay Corp)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: 7 (a) to execute this GuaranteeGuarantee and the other Finance Documents to which it is a party; and and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee and the other Finance Documents to which it is a party.

Appears in 1 contract

Sources: Guarantee (DryShips Inc.)

Corporate Power. The Guarantor has the corporate partnership capacity, and has taken all corporate partnership action and obtained all consents necessary for it: (a) to execute this GuaranteeGuarantee and any other Guarantor’s Document; and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee and any other Guarantor’s Document.

Appears in 1 contract

Sources: Guarantee (Capital Product Partners L.P.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guaranteethe Guarantor’s Documents; and (b) to make all the payments contemplated by, and to comply with, this Guaranteethe Guarantor’s Documents.

Appears in 1 contract

Sources: Guarantee (Box Ships Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents consents, approvals, authorisations, licenses or permits necessary for it: (a) to execute this GuaranteeGuarantee or any other Leasing Document to which it is a party; and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee or any other Leasing Document to which it is a party.

Appears in 1 contract

Sources: Guarantee (Seanergy Maritime Holdings Corp.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guarantee; and and (b) to make all the payments contemplated by, and to comply with, this Guarantee.

Appears in 1 contract

Sources: Performance Guarantee (Frontline LTD /)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this GuaranteeGuarantee and any other Finance Documents to which the Guarantor is a party; and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee and any other Finance Documents to which the Guarantor is a party.

Appears in 1 contract

Sources: Guarantee (Pyxis Tankers Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents Authorisations necessary for it: (a) to execute this Guaranteethe Finance Documents to which the Guarantor is a party; and (b) to make all the payments contemplated by, and to comply with, this GuaranteeGuarantee and the Finance Documents to which the Guarantor is a party.

Appears in 1 contract

Sources: Guarantee (Scorpio Tankers Inc.)

Corporate Power. The Corporate Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guarantee; and (b) to make all the payments contemplated by, and to comply with, this Guarantee.

Appears in 1 contract

Sources: Guarantee (DryShips Inc.)

Corporate Power. The Guarantor has the corporate capacity, and has taken all corporate action and obtained all consents necessary for it: (a) to execute this Guaranteeeach Finance Document to which it is a party; and (b) to make all the payments contemplated by, and to comply with, this Guaranteethe Finance Documents to which it is a party.

Appears in 1 contract

Sources: Guarantee (EuroDry Ltd.)