Creation and Existence. Borrowers are each a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have all power and authority to own its properties and assets and to transact the business in which it is engaged.
Creation and Existence. Borrower and Guarantor are corporations duly organized and validly existing in good standing under the laws of their state of incorporation and are duly qualified as a foreign corporation in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrower and Guarantor have all the power and authority to own their properties and assets and to transact the business in which they are engaged.
Creation and Existence. Xxxxxx is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Deep Seas is a limited partnership duly formed, validly existing and in good standing under the laws of the state of its formation and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Each Borrower and their respective Subsidiaries has all power and authority to own their respective properties and assets and to transact the business in which it is engaged.
Creation and Existence. Borrower is a corporation duly organized and validly existing under the laws of Alberta, Canada and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Each of the Guarantors is a corporation duly organized and validly existing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrower and each Guarantor has all corporate power and authority to own their respective properties and assets and to transact the business in which they are engaged.
Creation and Existence. PPC is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified and in good standing in the State of Texas and in all other jurisdictions wherein failure to qualify may result in a Material Adverse Effect. PLP is a limited partnership duly organized and validly existing under the laws of the State of Texas and is duly qualified in the State of Texas and in all other jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Guarantor is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly qualified and in good standing in the State of Nevada and in all other jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers and Guarantor have all power and authority (corporate or otherwise) to own their respective properties and assets and to transact the business in which they are engaged.
Creation and Existence. Borrower is a corporation duly organized, validly existing and in good standing under the laws of the of the State of Delaware and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. The Guarantors are each a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which they were formed and is duly qualified to do business in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrower and each Guarantor have all corporate power and authority to own their respective properties and assets and to transact the business in which they are engaged.
Creation and Existence. Each Borrower is a corporation or ---------------------- limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Each Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.
Creation and Existence. Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrower has all power and authority to own its properties and assets and to transact the business in which each is engaged.
Creation and Existence. Borrower is a company duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Axxxxx is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Deep Seas is a limited partnership duly formed, validly existing and in good standing under the laws of the state of its formation and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. The Borrower and the Guarantors each have all power and authority to own their respective properties and assets and to transact the business in which it is engaged.
Creation and Existence. Borrower and each Guarantor is a corporation, partnership or limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrower and each Guarantor has all power and authority to own its respective properties and assets and to transact the business in which it is engaged.
