Common use of Corporate Existence and Standing Clause in Contracts

Corporate Existence and Standing. The Borrower and each Material Subsidiary 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 the failure so to qualify would have a material adverse effect on the financial condition or operations of the Borrower.

Corporate Existence and Standing. The Borrower and each Material Subsidiary 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 the failure so to qualify would have a material adverse effect on the business, properties, assets, operations or condition (financial condition or operations otherwise) of the Borrower.

Corporate Existence and Standing. The Borrower and each Material --------------------------------- Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of its respective jurisdiction of incorporation and has all requisite authority is duly qualified and in good standing as a foreign corporation and is duly authorized to conduct its business in each jurisdiction in which its business is conducted or proposed to be conducted except where the failure to be so qualified or authorized could not reasonably be expected to qualify would have a material adverse effect on the financial condition or operations of the BorrowerMaterial Adverse Effect.

Corporate Existence and Standing. The Borrower is and each Material Subsidiary 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 own its property and to carry on its business in each jurisdiction in which where the failure to so to qualify would have a material adverse effect on the its business, properties, assets, operations or condition (financial condition or operations of the Borrowerotherwise).

Corporate Existence and Standing. The Borrower and and, effective as of the time Merger Sub becomes the “Borrower” hereunder, each Material Subsidiary Subsidiary, is each a corporation duly incorporated, validly existing and in good standing under the laws of its respective jurisdiction of incorporation and has all requisite authority is duly qualified and in good standing as a foreign corporation and is duly authorized to conduct its business in each jurisdiction in which its business is conducted or proposed to be conducted except where the failure to be so qualified or authorized could not reasonably be expected to qualify would have a material adverse effect on the financial condition or operations of the BorrowerMaterial Adverse Effect.

Corporate Existence and Standing. The Each of the Borrower and each Material Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of its respective jurisdiction of incorporation and has all requisite authority is duly qualified and in good standing as a foreign corporation and is duly authorized to conduct its business in each jurisdiction in which its business is conducted or proposed to be conducted except where the failure to be so qualified or authorized could not reasonably be expected to qualify would have a material adverse effect on the financial condition or operations of the BorrowerMaterial Adverse Effect.

Corporate Existence and Standing. The Borrower and each Material Subsidiary 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 the failure so to qualify would have a material adverse effect on the financial condition or operations of the BorrowerShare Purchase Agreement Material Adverse Effect.