Status of Successor. Every successor Common Representative appointed pursuant to subsection 8.6 shall be a an entity in good standing and having power to act as Common Representative under this Agreement and under applicable law, incorporated under the laws of Mexico or any state thereof.
Appears in 2 contracts
Sources: Intercreditor Agreement (Satelites Mexicanos Sa De Cv), Intercreditor Agreement (Satelites Mexicanos Sa De Cv)