Common use of Organisation Clause in Contracts

Organisation. The Borrower is a corporation duly organised, validly existing and in good standing under the laws of the ▇▇▇▇▇▇▇▇ Islands and is duly qualified to do business and is in good standing in such jurisdictions where such qualification is necessary.

Appears in 7 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)