Common use of AUTHORITY OF THE GUARANTOR Clause in Contracts

AUTHORITY OF THE GUARANTOR. The Guarantor represents and warrants that it is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware, possesses full corporate power and corporate capacity to consummate the transactions contemplated hereby and is authorized to conduct business in all jurisdictions wherein the nature of its activities requires such except where the failure to do so would not have a material adverse effect upon the Guarantor.