Common use of CORPORATE EXISTENCE; GOOD STANDING Clause in Contracts

CORPORATE EXISTENCE; GOOD STANDING. (a) Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is in good standing in all other jurisdictions in which it is required to be qualified to do business as a foreign corporation, and (iii) has all requisite corporate power and authority and full legal right to own or to hold under lease its properties and to carry on the business as presently engaged. Borrower has no Subsidiaries that contain assets or conduct operations.

CORPORATE EXISTENCE; GOOD STANDING. (i) The Borrower is (a) Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organizationincorporation or a period longer than the term of the Facility, (ii) and is in good standing in all other jurisdictions in which it is required to be duly qualified or has made application for due qualification, to do business as a foreign corporationin all states in which its ownership of property or conduct of business legally requires such authorization, and (iiib) has all requisite corporate power and authority and full legal right to own or to hold under lease its properties and to carry on the business as in which it is presently engaged. Borrower has no Subsidiaries that contain assets or conduct operations.

CORPORATE EXISTENCE; GOOD STANDING. (a) Borrower It (i) is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is in good standing in all other jurisdictions in which it is required to be qualified to do business as a foreign corporationcorporation and where the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and (iii) has all requisite corporate or limited liability company power and authority and full legal right to own or to hold under lease its properties and to carry on the business as presently engaged. Borrower has no Subsidiaries that contain assets or conduct operations.

CORPORATE EXISTENCE; GOOD STANDING. (a) Each Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its it organization, (ii) is in good standing in all other jurisdictions in which it is required to be qualified to do business as a foreign corporation, and (iii) has all requisite corporate power and authority and full legal right to own or to hold under lease its properties and to carry on the business as presently engaged. Borrower has no Subsidiaries that contain assets or conduct operations.

CORPORATE EXISTENCE; GOOD STANDING. (a) Each Borrower (i) is a corporation or limited liability company, as the case may be, duly organized, validly existing and in good standing under the laws of the jurisdiction of its it organization, (ii) is in good standing in all other jurisdictions in which it is required to be qualified to do business as a foreign corporation, and (iii) has all requisite corporate or company power and authority authority, as applicable, and full legal right to own or to hold under lease its properties and to carry on the business as presently engaged. Borrower has no Subsidiaries that contain assets or conduct operations.

CORPORATE EXISTENCE; GOOD STANDING. (a) Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is in good standing in all other jurisdictions in which it is required to be qualified to do business as a foreign corporation, and (iii) has all requisite corporate power and authority and full legal right to own or to hold under lease its properties and to carry on the business as presently engaged. Borrower has no Subsidiaries that contain assets or conduct operations.