Corporate Existence; Subsidiaries. Each of the Credit Parties is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation and in good standing and qualified to do business in each jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification and where the failure to so qualify could reasonably be expected to cause a Material Adverse Change. As of the Closing Date, the Credit Parties have no Subsidiaries other than those listed on Schedule 4.01.
Appears in 6 contracts
Samples: Credit Agreement (Brigham Exploration Co), Subordinated Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co)
