Common use of Incorporation and capacity Clause in Contracts

Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted and 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 except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Agreement (Usg Corp), Agreement (Usg Corp)

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Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted and 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 except where xxxiness, and all of the failure 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 do so would not reasonably sue and be expected sued, to result in a Material Adverse Effectown their assets and to carry on thxxx business.

Appears in 1 contract

Samples: Loan Agreement (Golar LNG LTD)

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Incorporation and capacity. Each of the Security Parties is a body corporate duly constituted and 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 assxxx 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 sue and be sued, to own their assets and to carry on its business except where the failure to do so would not reasonably be expected to result in a Material Adverse Effecttheir business.

Appears in 1 contract

Samples: Loan Agreement (Excel Maritime Carriers LTD)

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