Common use of Corporate Existence and Status Clause in Contracts

Corporate Existence and Status. Each of the Borrower, the Parent and each Significant Subsidiary of the Parent has been duly organized, is validly existing and in good standing under the laws of the jurisdiction of its incorporation and is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Change. Each of the Borrower, the Parent and each Significant Subsidiary of the Parent has all corporate power and authority to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted.

Corporate Existence and Status. Each of the Borrower, the Parent and each Significant Subsidiary of the Parent has been duly organized, is validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, as the case may be, and is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, except where the failure to be so qualified would is not reasonably be expected likely to result in a Material Adverse Change. Each of the Borrower, the Parent and each Significant Subsidiary of the Parent has all corporate power and authority to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted.

Corporate Existence and Status. Each of the Borrower, the Parent and each Significant Subsidiary the Subsidiaries of the Parent has been is a corporation duly organized, is validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, as the case may be, and is duly qualified to transact business in every jurisdiction where, by the nature of its respective business, such qualification is necessary, except where the failure to be so qualified would could not reasonably be expected to result in have a Material Adverse ChangeEffect. Each of the Borrower, the Parent and each Significant Subsidiary the Subsidiaries of the Parent has all requisite corporate power powers and authority to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted.