Common use of Incorporation and capacity Clause in Contracts

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx and be sued, to own their assets and to carry on their business and are acting on their own account.

Appears in 11 contracts

Samples: Loan Facility Agreement, www.lw.com, Loan Facility Agreement (Gulfmark Offshore Inc)

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Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised constituted and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx and be sued, to own their assets and to carry on their business and are acting on their own accountbusiness.

Appears in 5 contracts

Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Sea Containers LTD /Ny/), Loan Agreement (Sea Containers LTD /Ny/)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party (other than the Guarantor) are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx and be sued, to own their assets and to carry on their business and are acting on their own account.

Appears in 2 contracts

Samples: Stolt Comex (Stolt Offshore S A), Loan Facility Agreement (Stolt Offshore S A)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx sue and be sued, to own its assets assxxx and to carry on its business, and all of the corporate shareholders (if any) of each Security Party (other than the Guarantor) are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx sue and be sued, to own their assets and to carry on their business and are acting on their own account.

Appears in 1 contract

Samples: Guarantee Facility Agreement (Stolt Offshore S A)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx sue and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party (other than the Guarantor) are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx sue and be sued, to own their assets and to carry on their theix business and are acting on their own account.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Offshore S A)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised constituted and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party (other than the Borrower) are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx and be sued, to own their assets and to carry on their business and are acting on their own accountbusiness.

Appears in 1 contract

Samples: Loan Agreement (Arlington Tankers Ltd.)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx sue and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx sue and be sued, to own their assets and to carry on their business and are acting on their own account.

Appears in 1 contract

Samples: Gulfmark Offshore Inc

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Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party (other than the Guarantor) are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx and be sued, to own their assets and to carry on their business and are acting on their own accountbusiness.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Comex Seaway S A)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party (other than the Guarantors) are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx and be sued, to own their assets and to carry on their business and are acting on their own accountbusiness.

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Offshore S A)

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted, organised constituted and validly existing and (where applicable) in good standing under the law of its country of incorporation, in each case with perpetual corporate existence and the power to xxx sue and be sued, to own its assets and to carry on its business, and all of the corporate shareholders (if any) of each Security Party are duly constituted and existing under the laws of their countries of incorporation with perpetual corporate existence and the power to xxx sue and be sued, to own their assets and to carry on their business and are acting on their own accountbusiness.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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