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

Corporate Existence, Good Standing, Authority, and Compliance. Each Company is duly organized, validly existing, and in good standing under the Laws of the jurisdiction in which it is incorporated or organized as identified on the attached Schedule 7.2 or on the most recently amended Schedule 7.2. Each Company (a) is duly qualified to transact business and is in good standing as a foreign corporation or other entity in each jurisdiction where the nature and extent of its business and properties require due qualification and good standing (those jurisdictions being identified on the attached Schedule 7.2 or on the most recently amended Schedule 7.2; (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 each case of clauses (a), (b) and (c) where the failure to so qualify, to possess such authority, permits, or power or to comply with such Law would not cause a Material Adverse Event.

Appears in 2 contracts

Samples: Credit Agreement (Monro, Inc.), Credit Agreement (Monro Muffler Brake Inc)

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Corporate Existence, Good Standing, Authority, and Compliance. Each Company is duly organized, validly existing, existing and in good standing under the Laws of the jurisdiction in which it is incorporated or organized as identified on the attached Schedule SCHEDULE 7.2 or on the most recently amended Schedule SCHEDULE 7.2. 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 corporation or other entity in each jurisdiction where the nature and extent of its business and properties require due qualification and good standing (those jurisdictions being identified on the attached Schedule SCHEDULE 7.2 or on the most recently amended Schedule SCHEDULE 7.2; , (b) possesses all requisite authority, permits, permits and power to conduct its business as is now being, or is contemplated by this Agreement to be, conducted; , and (cC) is in compliance with all applicable Laws, except in each case of clauses (a), (b) and (c) where the failure to so qualify, to possess such authority, permits, permits or power or to comply with such Law would not cause a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Monro Muffler Brake Inc)

Corporate Existence, Good Standing, Authority, and Compliance. Each Company is duly organized, validly existing, and in good standing under the Laws of the jurisdiction in which it is incorporated or organized as identified on the attached Schedule SCHEDULE 7.2 or on the most recently amended Schedule SCHEDULE 7.2. 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 corporation or other entity in each jurisdiction where the nature and extent of its business and properties require due qualification and good standing (those jurisdictions being identified on the attached Schedule SCHEDULE 7.2 or on the most recently amended Schedule SCHEDULE 7.2; (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 each case of clauses (a), (b) and (c) where the failure to so qualify, to possess such authority, permits, or power or to comply with such Law would not cause a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Monro Muffler Brake Inc)

Corporate Existence, Good Standing, Authority, and Compliance. Each Company of Borrower and its Consolidated Affiliates is duly organizedformed, validly existing, and in good standing under the Laws of the jurisdiction in which it is incorporated or organized formed as identified on the attached Schedule 7.2 or on the most recently amended Schedule 7.26.2 (as supplemented from time- to-time). Each Company of Borrower and its Consolidated Affiliates (a) is duly qualified to transact business and is in good standing as a foreign corporation 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 (those standing, which jurisdictions being are identified on the attached Schedule 7.2 or on the most recently amended Schedule 7.2; 6.2 (as supplemented from time-to-time), (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 each any such case where violation of clauses (a), (b) and (c) where the failure foregoing could not reasonably be expected to so qualify, to possess such authority, permits, or power or to comply with such Law would not cause result in a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Industrial Trust)

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Corporate Existence, Good Standing, Authority, and Compliance. Each Company is duly organized, validly existing, and in good standing under the Laws of the jurisdiction in which it is incorporated or organized as identified on the attached Schedule 7.2 or on the most recently amended Schedule 7.2. 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 corporation or other entity in each jurisdiction where the nature and extent of its business and properties require due qualification and good standing (those jurisdictions being identified on the attached Schedule 7.2 or on the most recently amended Schedule 7.2; (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 each case of clauses (a), (b) and (c) where the failure to so qualify, to possess such authority, permits, or power or to comply with such Law would not cause a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Monro Muffler Brake Inc)

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