Common use of Corporation Organization Clause in Contracts

Corporation Organization. (a) Except as set forth in Section 4.1(a) of the LaSalle Disclosure Letter, each of LaSalle Holdings and its Subsidiaries is a company duly organized, validly existing and in good standing (with respect to jurisdictions that recognize such concept) under the laws of the jurisdiction of its organization. Each of LaSalle Holdings and its Subsidiaries (i) is qualified, licensed or domesticated as a foreign company in all jurisdictions where such qualification, license or domestication is required to own and operate its properties and conduct its business in the manner and at the places presently conducted; (ii) holds all franchises, grants, licenses, certificates, permits, consents and orders, all of which are valid and in full force and effect, from all applicable Bermuda and foreign regulatory authorities necessary to own and operate its properties and to conduct its business in the manner and at the places presently conducted; and (iii) has full power and authority (corporate and other) to own, lease and operate its respective properties and assets and to carry on its business as presently conducted and as proposed to be conducted, except where the failure to be so qualified, licensed or domesticated or to hold such franchises, grants, licenses, certificates, permits, consents and orders or to have such power and authority would not, when taken together with all other such failures, reasonably be expected to have a Material Adverse Effect on LaSalle Holdings. LaSalle Holdings has furnished to Trenwick complete and correct copies of its memorandum of association and bye-laws as in effect on the date hereof. Such memorandum of association and bye-laws are in full force and effect and no other constitutional documents are applicable to or binding upon LaSalle Holdings.

Corporation Organization. (a) Except as set forth in Section 4.1(a3.1(a) of the LaSalle Trenwick Disclosure Letter, each of LaSalle Holdings Trenwick and its Subsidiaries is a company duly organizedincorporated, validly existing and in good standing (with respect to jurisdictions that recognize such concept) under the laws of the jurisdiction of its organizationincorporation. Each of LaSalle Holdings Trenwick and its Subsidiaries (i) is qualified, licensed or domesticated as a foreign company corporation in all jurisdictions where such qualification, license or domestication is required to own and operate its properties and conduct its business in the manner and at the places presently conducted; (ii) holds all franchises, grants, licenses, certificates, permits, consents and orders, all of which are valid and in full force and effect, from all applicable Bermuda and foreign regulatory authorities necessary to own and operate its properties and to conduct its business in the manner and at the places presently conducted; and (iii) has full power and authority (corporate and other) to own, lease and operate its respective properties and assets and to carry on its business as presently conducted and as proposed to be conducted, except where the failure to be so qualified, licensed or domesticated or to hold such franchises, grants, licenses, certificates, permits, consents and orders or to have such power and authority would not, when taken together with all other such failures, reasonably be expected to have a Material Adverse Effect on LaSalle HoldingsTrenwick. LaSalle Holdings Trenwick has furnished to Trenwick LaSalle Holdings complete and correct copies of its memorandum certificate of association incorporation and byeby-laws as in effect on the date hereof. Such memorandum certificate of association incorporation and byeby-laws are in full force and effect and no other constitutional documents are applicable to or binding upon LaSalle HoldingsTrenwick.