Common use of Corporate Existence, Good Standing, Authority, and Compliance Clause in Contracts

Corporate Existence, Good Standing, Authority, and Compliance. Each Company is duly formed, validly existing, and in good standing under the Laws of the jurisdiction in which it is incorporated or formed as identified on Schedule 6.2 (as supplemented from time to time). Each Company (a) is duly qualified to transact business and is in good standing as a foreign trust, corporation, partnership, limited liability company, or other entity in each jurisdiction where the nature and extent of its business and properties require due qualification and good standing, (b) possesses all requisite authority, permits, and power to conduct its business as is now being, or is contemplated by this Agreement to be, conducted, and (c) is in compliance with all applicable Laws, except in any such case where violation of the foregoing could not reasonably be expected to result in a Material Adverse Event.

Corporate Existence, Good Standing, Authority, and Compliance. Each Company is duly formedorganized, validly existing, and in good standing under the Laws of the jurisdiction in which it is incorporated or formed as identified on Schedule 6.2 (as supplemented from time to time)stated in the preamble of this agreement. Each Except where failure is not a Material- Adverse Event, each Company (a) is duly qualified to transact business and is in good standing as a foreign trust, corporation, partnership, limited liability company, corporation or other entity in each jurisdiction where the nature and extent of its business and properties require due qualification and good standing, (b) possesses all requisite authority, permits, and power to conduct its business as is now being, being -- or is contemplated by this Agreement agreement to be, be -- conducted, and (c) is in compliance with all applicable Laws, except in any such case where violation of the foregoing could not reasonably be expected to result in a Material Adverse Event.