Common use of Corporate Existence; Subsidiaries; Foreign Qualification Clause in Contracts

Corporate Existence; Subsidiaries; Foreign Qualification. Each Company is a corporation duly organized, validly existing, and in good standing under the laws of its state of incorporation and is duly qualified and authorized to do business and is in good standing as a foreign corporation in the jurisdictions where the character of its property or its business activities makes such qualification necessary, except where the failure to so qualify will not cause or result in a Material Adverse Effect. Schedule 6.1 hereto sets forth, as of the Effective Date, each Subsidiary of Borrower, its state of incorporation, the location of its chief executive offices, its principal place of business and the jurisdictions where it is qualified as a foreign corporation. Borrower owns all of the capital stock of each of its Subsidiaries.

Corporate Existence; Subsidiaries; Foreign Qualification. Each Company is a corporation duly organized, validly existing, and in good standing under the laws of its state of incorporation and is duly qualified and authorized to do business and is in good standing as a foreign corporation in the jurisdictions set forth opposite its name on Schedule 6.1 hereto, which are all of the states or jurisdictions where the character of its property or its business activities makes such qualification necessary, except where the failure to so qualify will not cause or result in a Material Adverse Effect. Schedule 6.1 hereto sets forth, as of the Effective Date, forth each Subsidiary of Borrower, its state of incorporation, the location of its chief executive offices, offices and its principal place of business and the jurisdictions where it is qualified as a foreign corporationbusiness. Borrower owns all of the capital stock of each of its Subsidiaries.