Examples of Cyprus Guarantors in a sentence
Each of the Cyprus Guarantors is a company duly incorporated and validly existing in good standing under the laws of the Republic of Cyprus and is duly qualified and authorised to carry on its business as it is now being conducted.
Neither the Cyprus Guarantors nor any of their assets enjoy any right of immunity from any legal action or proceeding (which shall include, without limitation, attachment prior to judgment, execution or other enforcement).
We have also assumed that at the time of entry into, execution, delivery and performance by the Cyprus Guarantors of the Indentures and any Supplemental Indenture and the Guarantees, there will have been no changes in any relevant and applicable laws or regulations of the Republic of Cyprus applicable to the Cyprus Guarantors, nor in the constitutional documents of any of the Cyprus Guarantors which may affect any of the documents referred to in this opinion.
Enforceability of the obligations of the Cyprus Guarantors may be subject to equitable principles.
We have further examined the relevant corporate authority of the Cyprus Guarantors, in the form of Directors’ Resolutions approving the execution of the Registration Statement by the respective Cyprus Guarantors, as additional registrants and the relevant Powers of Attorney.
The Corporation has requested that we give a Cyprus law legal opinion on, among other things, the due incorporation of the Cyprus Guarantors, which are registered in Cyprus, namely the following companies: Global Ship Lease 1 Limited Global Ship Lease 2 Limited Global Ship Lease, Inc.
For the purposes of this Opinion, we have carried out searches at the Cyprus Companies’ Registry against each of the Cyprus Guarantors and/or have made such other enquiries as we have considered appropriate or necessary in relation to the Cyprus Guarantors.
Any Guarantee of each of the Cyprus Guarantors will constitute a legal, valid and binding obligation of each of the Cyprus Guarantors enforceable in accordance with its respective terms, provided that it is valid and enforceable under the laws of the State of New York, by which it is expressed to be governed.
No provision of any existing law, statute, rule or regulation of the Republic of Cyprus applicable to each of the Cyprus Guarantors would be contravened by the execution, delivery or performance by each of the Cyprus Guarantors of its obligations under the Indentures and any Supplemental Indenture.
Each of the Cyprus Guarantors has full power and legal right to enter into, execute, deliver and perform the terms of the Indentures, any supplemental indenture pursuant thereto (the “Supplemental Indenture”) and issue their respective Guarantee.