Common use of THE LESSEE Clause in Contracts

THE LESSEE. (1) The Lessee is a duly incorporated and validly existing enterprise, and it has the right to sign and have the ability to perform this Contract. (2) The Lessee has obtained all the authorizations, certificates, licenses and qualifications necessary for the signing and performance of this Contract and they are all legitimate and valid. (3) In signing this Contract, any court, arbitral institution, administrative organ or regulatory body has not made ​​any judgment, ruling, decision or a specific administrative act adverse for the Lessee to perform this Contract. (4) The required internal authorization for the Lessee to sign this Contract has been completed; the signatory of this Contract is the legal representative or authorized representative of the Lessee. After the commencement of this Contract, it is legally binding upon both parties to this Contract.