THE COMPANIES Clause Examples
The "THE COMPANIES" clause defines and identifies the specific business entities that are parties to the agreement. It typically lists the full legal names, types of entities (such as corporations or limited liability companies), and jurisdictions of incorporation or registration for each company involved. By clearly specifying which companies are bound by the contract, this clause ensures there is no ambiguity about the parties' identities, thereby preventing potential disputes over contractual obligations and responsibilities.
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THE COMPANIES listed in Schedule 1 (Original Parties) as original guarantors (in this capacity the Original Guarantors);
THE COMPANIES listed in Part 1 of Schedule 1 (The Original Parties) as original guarantors (the “Original Guarantors”);
THE COMPANIES listed in Part A of Schedule 1 (The Parties) as hedge guarantors (the "Hedge Guarantors")
THE COMPANIES. AND INSTITUTIONS listed in Part C of Schedule 1 (The Parties) as owners of vessels time-chartered to the Company under the Charter Agreements (as defined below) (the “Original Time-Charter Owners”);
THE COMPANIES. AND INSTITUTIONS listed in Part D of Schedule 1 (The Parties) as owners of vessels bareboat chartered to the Company and/or Torm Singapore (the “Original Bareboat Owners”);
THE COMPANIES listed in Part 1 of Schedule 1 (The Original Parties) as original borrowers (the Original Borrowers);
THE COMPANIES listed in Part 3 of Schedule 1 (The Parties) as guarantors under the Senior Bridge Facilities Agreement (as defined below) (the “Guarantors”);
THE COMPANIES named in Part I (The Original Obligors) of Schedule 1 as Obligors; and
THE COMPANIES named in Schedule 1 (The Guarantors) (the “Guarantors”);
THE COMPANIES listed in Schedule 1 (The Chargors), as chargors (the “Chargors”); and