Due Formation and Good Standing of the Trust Sample Clauses

The 'Due Formation and Good Standing of the Trust' clause confirms that the trust has been properly established and is currently compliant with all legal requirements. This typically involves affirming that the trust was created according to applicable laws, that all necessary documents have been executed, and that the trust remains in good standing with relevant authorities. By including this clause, parties ensure that the trust is valid and authorized to enter into agreements, thereby reducing the risk of disputes over the trust’s legal status.
Due Formation and Good Standing of the Trust. The Trust is either a statutory trust or common law trust, as specified in this Selling Agent Agreement, duly formed under Delaware law pursuant to the Trust Agreement and, if the Trust is a statutory trust, the filing of a certificate of trust with the Delaware Secretary of State, which is validly existing and in good standing as a statutory trust or common law trust, as applicable, under the laws of the State of Delaware.
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Due Formation and Good Standing of the Trust. The Trust is a statutory trust, duly formed under Delaware law pursuant to the Trust Agreement (the "TRUST AGREEMENT") between Wilmington Trust Company, as Trustee (the "DELAWARE TRUSTEE") and AMACAR Pacific Corporation, as administrator and trust beneficial holder, and the filing of a certificate of trust with the Delaware Secretary of State, which is validly existing and in good standing as a statutory trust under the laws of the State of Delaware.
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Due Formation and Good Standing of the Trust. The Trust is a statutory trust, duly formed under Delaware law pursuant to the Trust Agreement and the filing of a certificate of trust with the Delaware Secretary of State, which is validly existing and in good standing as a statutory trust under the laws of the State of Delaware. Each Series Trust which has been formed has been, and each Series Trust which will be formed will be, created as an additional and separate series of beneficial interest in the Trust pursuant to Sections 3804 and 3806(b)(2) (or any successor statutes) of the Delaware Statutory Trust Act.
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Related to Due Formation and Good Standing of the Trust

  • Incorporation and Good Standing of the Company The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement. The Company is duly qualified as a foreign corporation to transact business and is in good standing in the State of California and each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to qualify would not result in a Material Adverse Change.

  • Organization and Good Standing of the Company The Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation as set forth above. The Company is not required to be qualified to transact business in any other jurisdiction where the failure to so qualify would have an adverse effect on the business of the Company.

  • Good Standing of the Fund The Fund has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Maryland and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and to enter into and perform its obligations under this Agreement; and the Fund is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Good Standing of the Company The Company has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement; and the Company is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Due Organization and Good Standing Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.