Common use of Authority And Good Standing Clause in Contracts

Authority And Good Standing. Each of them has the power to enter into this Amendment and to perform all of its obligations hereunder. Each of the Obligors: (a) has duly authorized the entry into and performance of this Amendment; (b) is in good standing in the jurisdiction of its organization; and (c) is duly licensed or qualified and in good standing in all jurisdictions where the property owned or leased by it or the nature of the business transacted by it makes such licensing or qualification necessary.

Authority And Good Standing. Each of them Obligor: (a) has the power to enter into this Amendment and any related documents and to perform all of its obligations hereunder. Each of the Obligors: hereunder and thereunder; (ab) has duly authorized the entry into and performance of this AmendmentAmendment and all related documents; and (bc) is in good standing in the jurisdiction state of its organization; organization and (c) is duly licensed or qualified to do business and is in good standing in all jurisdictions where the property owned or leased by other states in which it or the nature of the business transacted by it makes such licensing or qualification necessarytransacts business.

Authority And Good Standing. Each of them has the power to enter into this Amendment and to perform all of its obligations hereunder. Each of the ObligorsObligors and Proposed Additional Borrowers: (a) has a)has duly authorized the entry into and performance of this perfmmance ofthis Amendment; (b) is in good standing in the jurisdiction of its ofits organization; and (c) is duly licensed or qualified and in good standing in all jurisdictions where the property owned or leased by it or the nature of the business transacted by it makes such licensing or qualification necessary.

Authority And Good Standing. Each of them has the power to enter into this Amendment and to perform all of its obligations hereunder. Each of the ObligorsObligors and Proposed Additional Borrowers: (a) has duly authorized the entry into and performance of this Amendment; (b) is in good standing in the jurisdiction of its organization; and (c) is duly licensed or qualified and in good standing in all jurisdictions where the property owned or leased by it or the nature of the business transacted by it makes such licensing or qualification necessary.