Common use of Due Incorporation; Valid Existence Clause in Contracts

Due Incorporation; Valid Existence. each of the Borrower and the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporation, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Documents;

Due Incorporation; Valid Existence. each of the Borrower and each of the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporationincorporation as limited liability companies, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Security Documents;

Due Incorporation; Valid Existence. each of the Borrower and the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporation, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Security Documents;

Due Incorporation; Valid Existence. each of the Borrower and the any other corporate Security Parties Party is incorporated and duly incorporated organised and validly existing and in good standing under the laws of their its respective countries country of incorporation, and have with power to own their respective its property and assets, to carry on their respective its business as the same are is now being lawfully conducted and to purchase, own, finance and operate vessels, or, or manage vessels as the case may be, manage vessels, as well as to undertake the obligations which they have it has undertaken or shall undertake pursuant to the Finance DocumentsSecurity Documents to which it is or is to be a party;

Due Incorporation; Valid Existence. the Borrower and each of the Borrower and the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporation, incorporation and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance DocumentsSecurity Documents to which it is a party;

Due Incorporation; Valid Existence. each of the Borrower and the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their its respective countries country of incorporation, and have has power to own their its respective property and assets, to carry on their its respective business as the same are is now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have each has undertaken or shall undertake pursuant to the Finance Documents;

Due Incorporation; Valid Existence. each Each of the Borrower Borrowers and the other corporate Security Parties is are duly incorporated incorporated/formed and validly existing and in good standing under the laws of their respective countries of incorporationincorporation as limited liability companies/corporations, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have such Security Party has undertaken or shall undertake pursuant to the Finance Security Documents;

Due Incorporation; Valid Existence. each of the Borrower and the other corporate Security Parties is are incorporated and duly incorporated organised and validly existing and in good standing under the laws of their respective countries country of incorporation, and have with power to own their respective property and assets, to carry on their respective business as the same are is now being lawfully conducted and to purchase, own, finance and operate vessels, or, or manage vessels as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Documents;

Due Incorporation; Valid Existence. each of the Borrower and each of the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporationincorporation as limited liability companies, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to (directly or indirectly) purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Security Documents;

Due Incorporation; Valid Existence. each Borrower and each of the Borrower and the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporationincorporation as limited liability companies, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to (directly or indirectly) purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Security Documents;

Due Incorporation; Valid Existence. each Each of the Borrower Borrowers and the other corporate Security Parties is duly incorporated and validly existing and in good standing under the laws of their respective countries of incorporationincorporation as limited liability companies, and have power to own their respective property and assets, to carry on their respective business as the same are now being lawfully conducted and to purchase, own, finance and operate vessels, or, as the case may be, manage vessels, as well as to undertake the obligations which they have such Security Party has undertaken or shall undertake pursuant to the Finance Security Documents;

Due Incorporation; Valid Existence. each of the Borrower and the Borrower, any other corporate Security Parties is Party and the Manager are incorporated and duly incorporated organised and validly existing and in good standing under the laws of their respective countries of incorporationincorporation and any other laws which are applicable to them, and have with power to own their respective property and assets, to carry on their respective business as the same are is now being lawfully conducted and to purchase, own, finance and operate vessels, or, or manage vessels as the case may be, manage vessels, be as well as to undertake the obligations which they have undertaken or shall undertake pursuant to the Finance Security Documents;