Common use of Due Incorporation Clause in Contracts

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability liabilities companies or, or (as the case may be) corporations, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. each of the Borrower Borrower, the Owners and each of the other Security Parties are is duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as a Xxxxxxxx Islands corporation or as a limited liability companies or, as company (in the case may beof each of the other Security Parties), corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. each of the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, or (as the case may be) corporations, corporations have no centre of main interests, permanent establishment or place of business in the Republic of the Xxxxxxxx Islands, the UK or the USA and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies ora Xxxxxxxx Islands corporation, as in the case may beof the Borrower and Teekay Chartering Limited, corporations and as companies with limited liability, in the case of each of the other Security Parties, and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. each of the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing standing, under the laws of their respective countries of incorporation as corporations or as limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, or (as the case may be, ) corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. each of the Borrower Borrower, the Owners, the Corporate Guarantor and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as a corporation or as a company with limited liability companies orliability, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as companies having limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the each Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, as the case may be, or corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation incorporation, each as limited liability companies ora Xxxxxxxx Islands corporation, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. each of the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, corporations or (as the case may be, corporations ) as companies with limited liability and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, or (as the case may be) corporations, corporations have no centre of main interests, permanent establishment or place of business outside the jurisdiction in which each of which is incorporated and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, or (as the case may be) corporations, corporations have no centre of main interests, permanent establishment or place of business outside the jurisdiction in which each of which is incorporated and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties (other than the Sponsors) are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies orincorporation, as the case may be, corporations or as companies with limited liabilities and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. each of the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower Borrowers and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, or (as the case may be) corporations, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, as the case may be, or corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower Borrowers and each of the other Security Parties are duly formed or incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability liabilities companies or, or (as the case may be) corporations, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the Borrowers, HoldCo and the other Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies corporations or, as the case may be, corporations companies having limited liability and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are duly incorporated and validly existing in good standing under the laws of the Maxxxxxx Xslands, in the case of the Borrower, and, in the case of each of the other Security Parties, under the laws of their respective countries of incorporation as a corporation with limited liability companies or, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other Security Parties are is duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies or, or (as the case may be, ) corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;

Due Incorporation. the Borrower and each of the other corporate Security Parties are duly incorporated and validly existing in good standing under the laws of their respective countries of incorporation as limited liability companies orcompanies, as the case may be, corporations and have power to carry on their respective businesses as they are now being conducted and to own their respective property and other assets;”;