Corporate Existence; Corporate Power. Each Loan Party and each of its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) is duly qualified and in good standing as a foreign corporation in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed except where the failure to so qualify or be licensed could not be reasonably likely to have a Material Adverse Effect and (iii) has all requisite corporate power and authority (including all governmental licenses, permits and other approvals) to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted. All of the outstanding Equity Interests in the Borrower have been validly issued and are non-assessable.
Corporate Existence; Corporate Power. Each of the Co-Borrowers is a corporation duly organized, validly existing, and in good standing under the laws of the state of its incorporation and is duly authorized under all applicable provisions of law to carry on its business as presently conducted. Each of the Co-Borrowers is duly qualified as a foreign corporation and in good standing under the laws of each jurisdiction where its ownership, lease or operation of its property or the conduct of its business requires such qualification and the failure to so qualify either individually or in the aggregate would have a material adverse effect on such Co-Borrower's financial condition or the conduct of its business. Each of the Co-Borrowers has the corporate power and authority to enter into, deliver, issue and perform all of its obligations under this Agreement and the Master Notes and to borrow hereunder.
Corporate Existence; Corporate Power. Borrower is a corporation duly organized, validly existing, and in good standing under the laws of the State of Wisconsin and is duly authorized under all applicable provisions of law to carry on its business as presently conducted. Borrower is duly qualified as a foreign corporation and in good standing under the laws of each jurisdiction where its ownership, lease or operation of its property or the conduct of its business requires such qualification and the failure to so qualify either individually or in the aggregate would have a material adverse effect on Borrower's financial condition or the conduct of its business. Borrower has the corporate power and authority to enter into, deliver, issue and perform all of its obligations under this Agreement and the Master Notes and to borrow hereunder.
Corporate Existence; Corporate Power. INTX is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware. The execution, delivery and performance of this Agreement have been duly authorized by INTX and are within its corporate powers.
Corporate Existence; Corporate Power. Each of the Seller and AEGI is a corporation, duly organized, validly existing and in good standing under the laws of the state of its incorporation, and, subject to receipt of requisite shareholder approval, each has the requisite corporate power and authority to consummate the transactions contemplated and to perform its respective obligations under this Agreement. The Board of Directors of Seller and AEGI have approved the execution of this Agreement and Seller and AEGI will have, prior to the Closing Date, taken all other corporate action required by law, its respective certificate of incorporation, by-laws or otherwise, to authorize the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby.
