Common use of Corporate Organization and Validity Clause in Contracts

Corporate Organization and Validity. (a) Borrower: (i) is a corporation, duly organized and validly existing under the Laws of the state of New York; (ii) has the appropriate power and authority to operate its business and to own its Property; and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification, except where the failure to so qualify does not nor could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where Borrower is qualified to do business is shown on Schedule 5.1 attached hereto and made part hereof.

Corporate Organization and Validity. (a) Borrower: (i) is a corporation, duly organized and validly existing under the Laws laws of the state of New York; (ii) has the appropriate power and authority to operate its business and to own its Property; and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification, except where the failure to so qualify does not nor could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where Borrower is qualified to do business is shown on Schedule 5.1 attached hereto and made part hereof.

Corporate Organization and Validity. (a) Borrower: (i) is a corporationxxxxxxxxxxxxxxxxxx liability company, duly organized and validly existing under the Laws of the state of New York; (ii) has the appropriate power and authority to operate its business and to own its Property; and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification, except where the failure to so qualify does not nor could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where Borrower is qualified to do business is shown on Schedule 5.1 attached hereto and made part hereof.

Corporate Organization and Validity. (a) Borrower: a. Each Borrower (i) is a corporation, duly organized and validly existing under the Laws laws of the state of New York; , (ii) has the appropriate power and authority to operate its business and to own its Property; Property and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification, except where the failure to so qualify does not nor could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where Borrower is qualified to do business is shown on Schedule 5.1 “5.1” attached hereto and made part hereof.

Corporate Organization and Validity. (a) Borrower: Each Borrower (i) is a corporation, duly organized and validly existing under the Laws laws of the its state of New York; organization, (ii) has the appropriate all power and authority to operate its business and to own its Property; Property and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification, except where the failure to so qualify does not nor and could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where each Borrower is qualified to do business is shown on Schedule 5.1 attached hereto as Schedule "4.1" and made a part hereof.

Corporate Organization and Validity. (a) Borrower: a. Borrower (i) is a corporation, duly organized and validly existing under the Laws laws of the state of New York; , (ii) has the appropriate power and authority to operate its business and to own its Property; Property and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification, except where the failure to so qualify does not nor could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where Borrower is qualified to do business is shown on Schedule 5.1 “5.1” attached hereto and made part hereof.