Common use of Duly Qualified Clause in Contracts

Duly Qualified. Debtors are duly qualified to own, hold and operate all of the property, interest and rights included within the Collateral, and to conduct their business as contemplated and to otherwise operate the Refinery Facilities.

Appears in 1 contract

Sources: Deed of Trust, Security Agreement, Assignment of Rents, Profits and Proceeds, Financing Statement and Fixture Filing (Foreland Corp)

Duly Qualified. Debtors are duly qualified to own, hold and operate all of the propertyleases, interest easements, rights-of-way, mineral agreements and rights other agreements included within the Collateral, and to conduct their business as contemplated and to otherwise operate the Refinery Facilities.contemplated. K.

Appears in 1 contract

Sources: Deed of Trust (Foreland Corp)