Common use of Corporate Existence and Standing Clause in Contracts

Corporate Existence and Standing. Each of the Company and the Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority would reasonably be expected to have a Material Adverse Effect.

Appears in 14 contracts

Samples: Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.)

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Corporate Existence and Standing. Each of the Company and the Subsidiaries is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority would reasonably be expected to have a Material Adverse Effect.

Appears in 10 contracts

Samples: Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.)

Corporate Existence and Standing. Each of the Company and the its Subsidiaries is a corporation corporation, partnership, limited liability company or other organization, duly incorporated, organized and validly existing and in good standing under the laws of its jurisdiction of incorporation organization and has all requisite corporate, partnership, company or similar authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority would reasonably be expected to have a Material Adverse Effectas presently conducted.

Appears in 10 contracts

Samples: Credit Agreement (Kelly Services Inc), Loan Agreement (Myers Industries Inc), Loan Agreement (Myers Industries Inc)

Corporate Existence and Standing. Each of the Company and the Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has with all requisite authority to conduct its business business, in each case in each jurisdiction in which its business is conducted and where the failure to have such obtain the necessary authority would could reasonably be expected to have a Material Adverse Effectmaterially adversely affect the consolidated condition or operations of the Company or the ability of the Company to perform the Obligations.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Conagra Brands Inc.), Term Loan Agreement (Conagra Brands Inc.), Term Loan Agreement (Conagra Brands Inc.)

Corporate Existence and Standing. Each of the Company and the its Subsidiaries is a corporation corporation, partnership, limited liability company or other organization duly incorporatedincorporated or organized, validly existing and in good standing (to the extent such concept is applicable to such entity) under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority be in good standing or authorized to conduct business would reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Amendment and Restatement Agreement (Meritor Inc), Amendment and Restatement Agreement (Meritor Inc), Credit Agreement (Meritor Inc)

Corporate Existence and Standing. Each of the Company and the Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such obtain the necessary authority would could reasonably be expected to have a Material Adverse Effectmaterially adversely affect the consolidated condition or operations of the Company or the ability of the Company to perform the Obligations.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Conagra Foods Inc /De/), Term Loan Agreement (Conagra Foods Inc /De/), Revolving Credit Agreement (Conagra Foods Inc /De/)

Corporate Existence and Standing. Each of the Company and the Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business each is duly qualified and in good standing in each jurisdiction in which where, because of the nature of its business activities or properties, such qualification is conducted required and where the failure so to have such authority qualify would reasonably be expected to have materially and adversely affect its business, assets, financial condition, operations or prospects of the Company and its Subsidiaries taken as a Material Adverse Effectwhole.

Appears in 2 contracts

Samples: Credit Agreement (Cordant Technologies Inc), Credit Agreement (Cordant Technologies Inc)

Corporate Existence and Standing. Each of the Company and the its Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority would reasonably be expected to have a Material Adverse Effectconducted.

Appears in 2 contracts

Samples: Credit Agreement (Illinois Tool Works Inc), Credit Agreement (Illinois Tool Works Inc)

Corporate Existence and Standing. Each of the Company and the its Subsidiaries is a corporation corporation, partnership, limited liability company or other organization duly incorporatedincorporated or organized, validly existing and in good standing (in jurisdictions where applicable) under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority be in good standing or authorized to conduct business would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: 5 Year Revolving Credit Agreement (Arvinmeritor Inc)

Corporate Existence and Standing. Each of the Company Companies and the each of their respective Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where conducted, except to the extent that the failure to have such authority would be in good standing or authorized to conduct business in any jurisdiction could not, when taken together with all similar failures, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Harley Davidson Inc)

Corporate Existence and Standing. Each of the Company and the Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and except where the failure to have such authority would reasonably be expected to not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Board of Trade of the City of Chicago Inc)

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Corporate Existence and Standing. Each of the Company and the Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where except in those instances in which the failure to have maintain such authority would reasonably be expected to have does not materially adversely affect the business or condition of the Company and the Subsidiaries taken as a Material Adverse Effectwhole.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

Corporate Existence and Standing. Each of the Company and the its Subsidiaries is a corporation corporation, partnership, limited liability company or other organization, duly incorporatedorganized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization and has all requisite corporate, partnership, company or similar authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority would reasonably be expected to have a Material Adverse Effectas presently conducted.

Appears in 1 contract

Samples: Loan Agreement (Myers Industries Inc)

Corporate Existence and Standing. Each of the Company and the its Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and and, 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 requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such authority would reasonably be expected to have a Material Adverse Effectconducted.

Appears in 1 contract

Samples: Credit Agreement (Illinois Tool Works Inc)

Corporate Existence and Standing. Each of the Company and the its Subsidiaries is a corporation or limited liability company duly incorporatedincorporated or organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have or maintain such authority would has resulted in or may reasonably be expected to have result in a Material Adverse EffectMAC.

Appears in 1 contract

Samples: Credit Agreement (Zeigler Coal Holding Co)

Corporate Existence and Standing. Each of the Company and the Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to have such obtain the necessary authority would reasonably be expected might materially adversely affect the consolidated condition or operations of the Company or the ability of the Company to have a Material Adverse Effectperform the Obligations.

Appears in 1 contract

Samples: Long Term Revolving Credit Agreement (Conagra Foods Inc /De/)

Corporate Existence and Standing. Each of the Company and the Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business is duly qualified and in good standing in each jurisdiction in which where, because of the nature of its business activities or properties, such qualification is conducted required and where the failure so to have such authority qualify would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Brown Forman Corp)

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