Due Incorporation and Organization Clause Samples
The Due Incorporation and Organization clause serves to confirm that a party to the agreement is a legally established and properly organized entity under the laws of its jurisdiction. This clause typically requires the party to affirm that it has been duly incorporated, is in good standing, and possesses the authority to enter into the contract. By including this provision, the agreement ensures that all parties are legitimate business entities, reducing the risk of unenforceable contracts and providing assurance that each party has the legal capacity to fulfill its obligations.
Due Incorporation and Organization. The Adviser is duly organized and is in good standing under the laws of the State of Connecticut and is fully authorized to enter into this Agreement and carry out its duties and obligations hereunder.
Due Incorporation and Organization. The Fund has been duly incorporated under the laws of the State of Maryland and it is authorized to enter into this Agreement and carry out its obligations hereunder.
Due Incorporation and Organization. The Company has been duly incorporated under the laws of the State of Maryland and it is authorized to enter into this Agreement and carry out its obligations hereunder.
Due Incorporation and Organization. The Administrator is duly organized and is in good standing under the laws of the State of Connecticut and is fully authorized to enter into this Agreement and carry out its duties and obligations hereunder.
Due Incorporation and Organization. The Fund has been duly organized under the laws of the Commonwealth of Massachusetts and it is authorized to enter into this Agreement and carry out its obligations hereunder.
Due Incorporation and Organization. The Subadviser is duly organized and is in good standing under the laws of the State of Connecticut and is fully authorized to enter into this Agreement and carry out its duties and obligations hereunder.
Due Incorporation and Organization. The Adviser is duly incorporated and is in good standing under the laws of the State of Connecticut and is fully authorized to enter into this Agreement and carry out its duties and obligations hereunder.
Due Incorporation and Organization. Each of the Company and the subsidiaries of the Company listed on Schedule 2 to this Agreement (the “Material Subsidiaries”) has been duly incorporated and is validly existing under the laws of its jurisdiction of incorporation and has all requisite corporate authority and power to carry on its business, as now conducted and as presently proposed to be conducted by it, and to own or lease its assets.
Due Incorporation and Organization. The Fund has been duly formed as a business trust under the laws of the Commonwealth of Massachusetts and it is authorized to enter into this Agreement and carry out its obligations hereunder.
Due Incorporation and Organization. The Distributor is duly organized and is in good standing under the laws of the State of Massachusetts and is fully authorized to enter into this Agreement and carry out its terms.