Common use of Corporate Existence and Power Clause in Contracts

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 21 contracts

Samples: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Meredith Corp)

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Corporate Existence and Power. The Such Borrower is a corporation duly organized, validly existing and in good standing under the laws Laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryorganization, and has all corporate organizational powers and all governmental licenses, authorizations, consents and approvals required is qualified to carry on its business as now conducted.

Appears in 16 contracts

Samples: Assignment and Assumption (Toyota Motor Credit Corp), Assignment and Assumption (Toyota Motor Credit Corp), Five Year Credit Agreement (Toyota Motor Credit Corp)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals material Authorizations required to carry on its business as now conducted.

Appears in 12 contracts

Samples: Credit Agreement (EQT Corp), Credit Agreement (EQT Corp), Term Loan Agreement (EQT Corp)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 10 contracts

Samples: Credit Agreement (Carlisle Companies Inc), Credit Agreement (Texas New Mexico Power Co), Credit Agreement (Dean Foods Co)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted.

Appears in 10 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Inc)

Corporate Existence and Power. The Each of the Company and the Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, qualifications, consents and approvals required to carry on its business as now conducted.

Appears in 10 contracts

Samples: Credit Agreement (Us West Inc), Credit Agreement (U S West Inc /De/), Credit Agreement (Usw-C Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, organized validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, organization and is duly qualified or licensed to transact business in every jurisdiction where, by the nature of its business, all places where such qualification or license is necessary. The Borrower has the power to enter into and perform this Agreement and the Loan Documents, to the extent that it has executed such documents, and has all corporate powers this Agreement does, and all governmental licensesthe Loan Documents when duly executed and delivered for value will, authorizationsconstitute the legal, consents valid and approvals required to carry on its business as now conductedbinding obligations of the Borrower enforceable in accordance with their respective terms.

Appears in 8 contracts

Samples: Credit Agreement (Securitas EDGAR Filings, Inc.), Credit Agreement (Securitas EDGAR Filings, Inc.), Credit Agreement (Securitas EDGAR Filings, Inc.)

Corporate Existence and Power. The Such Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted.

Appears in 7 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted, except where the failure to have such licenses, consents, authorizations and approvals could not reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Assignment and Assumption Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted.

Appears in 6 contracts

Samples: Credit Agreement (Tekni Plex Inc), Agreement (Iomega Corp), Purchase and Sale Agreement (Bellwether Exploration Co)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except for such licenses, authorizations, consents and approvals whose lack could not reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary and where failure to be so qualified could have or create a reasonable possibility of causing a Material Adverse Effect, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 5 contracts

Samples: 364 Day Credit Agreement (Mohawk Industries Inc), Five Year Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

Corporate Existence and Power. The Such Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except where failures to possess such licenses, authorizations, consents and approvals could not, in the aggregate, reasonably be expected to result in a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Foot Locker Inc), Credit Agreement (Foot Locker Inc), Credit Agreement (Foot Locker Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryMassachusetts, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 5 contracts

Samples: Credit Agreement (Perini Corp), Credit Agreement (Perini Corp), Bridge Credit Agreement (Perini Corp)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryformation, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 4 contracts

Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Meadwestvaco Corp), Credit Agreement (Meadwestvaco Corp)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryFlorida, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 4 contracts

Samples: Credit Agreement (Elizabeth Arden Inc), Credit Agreement (Elizabeth Arden Inc), Credit Agreement (Elizabeth Arden Inc)

Corporate Existence and Power. The Borrower is a corporation corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryorganization, and has all corporate powers power and all governmental licenses, authorizations, consents and approvals required authority necessary to carry on its business as now conducted.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Iwl Communications Inc), Credit Agreement (Iwl Communications Inc), Credit Agreement (Iwl Communications Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of Washington, is qualified to do business in each other jurisdiction where the jurisdiction conduct of its incorporation, is duly qualified to transact business in every jurisdiction where, by or the nature ownership of its business, properties requires such qualification is necessaryqualification, and has all full corporate powers power, authority and all governmental licenses, authorizations, consents and approvals required legal right to carry on its business as now presently conducted, to own and operate its properties and assets, and to execute, deliver and perform the Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement (Cascade Natural Gas Corp), Loan Agreement (Cascade Natural Gas Corp), Security Agreement (Crystal Mountain Inc)

Corporate Existence and Power. The Borrower (a) is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, incorporation and (b) has all corporate powers and all material governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan Companies Inc), Assignment and Assumption Agreement (Marsh & McLennan Companies Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, unless the failure to be so qualified or to have such corporate powers or governmental licenses, authorizations, consents or approvals would not have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Carmike Cinemas Inc), Credit Agreement (Carmike Cinemas Inc), Credit Agreement (Carmike Cinemas Inc)

Corporate Existence and Power. The Borrower (a) is a corporation duly organized, or similar entity validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, organization and (b) has all corporate or similar powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 3 contracts

Samples: Day Bridge Loan Agreement (Marsh & McLennan Companies, Inc.), 364 Day Bridge Loan Agreement, Assignment and Assumption

Corporate Existence and Power. The Borrower is a corporation duly organized, incorporated, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 3 contracts

Samples: Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Starrett L S Co), Credit Agreement (Starrett L S Co)

Corporate Existence and Power. The Borrower is a corporation duly organized, organized and validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)

Corporate Existence and Power. The Borrower is a ----------------------------- corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary and where failure to be so qualified could have or create a reasonable possibility of causing a Material Adverse Effect, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

Corporate Existence and Power. The Borrower is a corporation (or limited liability company, as applicable) duly organizedincorporated (or formed, as applicable), validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, incorporation (or formation) and has all corporate or other organizational powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Aes Corp), Credit Agreement (Aes Corp)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, except where such lack of qualification would not have a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Springs Industries Inc), Credit Agreement (Springs Industries Inc)

Corporate Existence and Power. The Borrower (i) is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and (ii) has all corporate powers and (iii) has all material governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Agreement (Marvel Enterprises Inc), Credit Agreement (Marvel Enterprises Inc)

Corporate Existence and Power. The Each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and where the failure to qualify would have or could reasonably be expected to cause a Material Adverse Effect, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (National Service Industries Inc), Credit Agreement (National Service Industries Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, incorporation and has all corporate powers power and all material governmental licenses, authorizations, consents and approvals required to carry on its business as in each jurisdiction in which its business is now conducted.

Appears in 2 contracts

Samples: Funding Agreement (Americredit Corp), Security Agreement (Americredit Corp)

Corporate Existence and Power. The Borrower (a) is a corporation duly organized, organized and validly existing and in good standing under the laws of the jurisdiction of its incorporation, (b) is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and (c) has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except, in the case of subsections (b) and (c), where the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, incorporation and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Assignment and Assumption (Aes Corp), Collateral Trust Agreement (Aes Corp)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary and except where the failure to so qualify would not have and is not reasonably expected to cause a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Trion Inc), Credit Agreement (Trion Inc)

Corporate Existence and Power. The Borrower is a corporation limited liability company duly organizedformed, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryformation, and has all corporate powers organizational power and all governmental licenses, authorizations, consents and approvals required to carry on its business as now in each jurisdiction in which its business is conducted, except for such power, licenses, authorization, consents and approvals the failure to obtain any of which would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (YRC Worldwide Inc.), Credit Agreement (YRC Worldwide Inc.)

Corporate Existence and Power. The Such Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarythe failure to qualify could have a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Southern Electronics Corp), Credit Agreement (Sed International Holdings Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryMaryland, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, other than such licenses, authorizations, consents and approvals which, if not held or obtained by the Borrower, do not, in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (Usf&g Corp), Credit and Reimbursement Agreement (Usf&g Corp)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by where the nature of its business, such qualification is necessaryfailure to be so qualified would reasonably be expected to have or cause a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except where the failure to have any of the foregoing would not reasonably be expected to have or cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Guilford Mills Inc), Credit Agreement (Guilford Mills Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary (except where the failure to be qualified shall not cause or be reasonably expected to cause a Material Adverse Effect), and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 2 contracts

Samples: Credit Agreement (Meredith Corp), Credit Agreement (Meredith Corp)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Facility Agreement (Dey Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, incorporated and validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryexisting, and has all corporate powers the Borrower and its Subsidiaries have the power and all material governmental licenses, authorizations, consents and approvals required to carry on its business own their assets and conduct their businesses, considered as a whole, substantially as now being conducted.. (b)

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarythe failure to be so qualified could have or cause a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (McWhorter Technologies Inc /De/)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals approvals, and all permits, trademarks, patents and other rights required to carry on its business as now conducted.

Appears in 1 contract

Samples: Master Credit Agreement (Savannah Foods & Industries Inc)

Corporate Existence and Power. The Borrower is a ----------------------------- corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, has full power and has all corporate powers and all governmental licenses, authorizations, consents and approvals required authority to carry on its business as now conducted.being conducted and to own its properties and is duly licensed or qualified and in good standing as a foreign corporation in each other jurisdiction in which failure to qualify would have a material adverse effect on the Borrower's ability to perform this Agreement except to the extent affected by the filing of the

Appears in 1 contract

Samples: Subordinated Loan Agreement (Calcomp Technology Inc)

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Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and and, to the extent applicable in the relevant jurisdiction, in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryorganization, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (V F Corp)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, incorporation and has all corporate powers power, legal right and all material governmental licenses, authorizations, consents and approvals required to own or lease its properties and to carry on its business as in each jurisdiction in which its business is now conducted.

Appears in 1 contract

Samples: Loan and Security Agreement (Union Acceptance Corp)

Corporate Existence and Power. The Borrower is a corporation ----------------------------- duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, has full power and has all corporate powers and all governmental licenses, authorizations, consents and approvals required authority to carry on its business as now conductedbeing conducted and to own its properties and is duly licensed or qualified and in good standing as a foreign corporation in each other jurisdiction in which failure to qualify would have a Material Adverse Effect. The Borrower is in compliance with its charter and bylaws and all other organizational or governing documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Calcomp Technology Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary and where the failure to be so qualified, alone or in the aggregate, could reasonably be expected to have a Material Adverse Effect, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (National Service Industries Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all Material governmental licenses, authorizations, qualifications, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Loan Agreement (Teva Pharmaceutical Industries Limited)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, except where a failure to be so qualified would not have a Material Adverse Effect and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

Corporate Existence and Power. The Each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Source Information Management Co)

Corporate Existence and Power. The Borrower is a corporation ----------------------------- duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary and where the failure to so qualify would have a Material Adverse Effect on the Borrower and its Subsidiaries taken as a whole, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Loan Agreement (Firstspartan Financial Corp)

Corporate Existence and Power. The Borrower is ----------------------------- a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Modine Manufacturing Co)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, Colorado and has all corporate powers and all material governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conducted. Section 4.02.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Acx Technologies Inc)

Corporate Existence and Power. The Borrower is a ----------------------------- corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessarynecessary except where the failure to be so qualified could not have a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except where such failure to be so qualified or to possess such licenses, authorizations, consents or approvals could not reasonably be expected to have or cause a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Airborne Freight Corp /De/)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizationsconsents, consents authorizations and approvals required to carry on its business as now conductedconducted (other than such governmental licenses, consents, authorizations and approvals the failure of which to obtain would not reasonably be expected to have a Material Adverse Effect).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Bellwether Exploration Co)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryBorrower's jurisdiction, and has all full corporate powers power, authority and all governmental licenseslegal right to execute, authorizations, consents deliver and approvals required to carry on its business as now conductedperform the Loan Documents.

Appears in 1 contract

Samples: Uncommitted Loan Agreement (Synetics Solutions Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Nymagic Inc)

Corporate Existence and Power. The Borrower (a) is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and (b) has all corporate powers to carry on its business as now conducted and (c) except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, has all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Eagle Materials Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by wherein the nature of its business, such qualification is necessaryfailure to so qualify could have or cause a Material Adverse Effect, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Piccadilly Cafeterias Inc)

Corporate Existence and Power. The Such Borrower is a corporation corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporationorganization, and is duly qualified to transact do business and is in every jurisdiction where, by the nature of its business, such qualification is necessarygood standing as a foreign corporation, and has and holds all corporate powers power and all governmental licenses, authorizations, consents and approvals required to carry on its business as now in each jurisdiction in which its business is conducted, except where the failure to be so qualified or to so hold would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Federal Signal Corp /De/)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental 35 licenses, authorizations, consents and approvals required to carry on its business as now conducted, except where the failure to have such licenses, authorizations, consents and approvals could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electric Co Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except where the failure to so qualify or obtain such licenses, authorizations, consents and approvals would not have a materially adverse effect.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Community Bankshares Inc /Ga/)

Corporate Existence and Power. The Borrower is a corporation duly organized, organized and validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted, except where the failure to be so qualified or to have such licenses, authorizations, consents and approvals would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Scana Corp)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all full corporate powers power and all governmental licenses, authorizations, consents and approvals material Governmental Actions required to carry on its business as now conductedbeing or proposed to be conducted and is in good standing and duly licensed or qualified to transact business in each other jurisdiction where the failure so to do would have a material adverse effect on its business, financial condition or operations.

Appears in 1 contract

Samples: Syndicated Revolving Credit Agreement (Pacific Gulf Properties Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the State of Washington, is qualified to do business in each other jurisdiction where the conduct of its incorporation, is duly qualified to transact business in every jurisdiction where, by or the nature ownership of its business, properties requires such qualification is necessaryqualification, and has all full corporate powers power, authority and all governmental licenses, authorizations, consents and approvals required legal right to carry on its business as now conductedpresently conducted and to own and operate its properties and assets. Borrower has full corporate power, authority and legal right to execute and deliver the Additional Loan Documents and to perform all Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Crystal Mountain Inc)

Corporate Existence and Power. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, except for jurisdictions, individually or in the aggregate, where the failure to be so qualified or licensed would not materially adversely affect its business as it is presently being conducted, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Synalloy Corp)

Corporate Existence and Power. The Borrower is a corporation duly organized, incorporated and validly existing and in good standing under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessaryexisting, and has all corporate powers the Borrower and its Subsidiaries have the power and all material governmental licenses, authorizations, consents and approvals required to carry on its business own their assets and conduct their businesses, considered as a whole, substantially as now being conducted.

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Corporate Existence and Power. The Each Borrower (a) is a corporation duly organized, or similar entity validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, organization and (b) has all corporate or similar powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.Section 4.2

Appears in 1 contract

Samples: The Credit Agreement (Marsh & McLennan Companies, Inc.)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and has all corporate powers and all material governmental licenses, authorizations, qualifications, consents and approvals required to carry on its business as now conducted, except as would not result in a Material Adverse Change.

Appears in 1 contract

Samples: Term Loan Agreement (Qwest Communications International Inc)

Corporate Existence and Power. The Borrower is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, and is duly qualified registered to transact carry on business in every each jurisdiction where, by the nature of its in which it owns property or carries on business, such qualification is necessary, and the Borrower has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Appears in 1 contract

Samples: Credit Agreement (Wainoco Oil Corp)

Corporate Existence and Power. The Borrower (a) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (b) is duly qualified to transact business under the laws of each jurisdiction in every jurisdiction where, by the nature of its business, such which qualification is necessaryrequired to own, and has all corporate powers and all governmental licenses, authorizations, consents and approvals required lease or license its Assets or to carry on its business as now conductedand (c) has all necessary power and authority required to own its Assets, to carry on its business and to execute and deliver each of the Loan Documents and to consummate the transactions contemplated thereby.

Appears in 1 contract

Samples: Loan Agreement (Pick Communications Corp)

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