Common use of Corporate Organization and Validity Clause in Contracts

Corporate Organization and Validity. (a) Each Borrower is a corporation duly organized and validly existing under the laws of the state identified as the state of incorporation in Section 1 above and is duly qualified, is in good standing and has lawful power and authority to engage in business in each state where the nature and extent of its business requires qualification except where the absence of good standing would not have a Material Adverse Effect. A list of all states and other jurisdictions where each Borrower is qualified to do business is attached hereto as Schedule "5.1" and made a part hereof.

Corporate Organization and Validity. (a) Each Borrower is a corporation duly organized and validly existing under the laws of the state identified as the its state of incorporation in Section 1 above and incorporation, 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 qualification, except where the absence of good standing would failure to so qualify will not have a Material Adverse Effect. A list of all states and other jurisdictions where each Borrower is qualified to do business is attached hereto as Schedule Exhibit "5.1" and made a part hereof.

Corporate Organization and Validity. (a) Each Borrower is a corporation duly organized and validly existing under the laws of the state identified as the its state of incorporation in Section 1 above and incorporation, 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 qualification, except where the absence of good standing would failure to so qualify does not and could not have a Material Adverse Effect. A list of all states and other jurisdictions where each Borrower is qualified to do business is attached hereto as Schedule "5.1" and made a part hereof.

Corporate Organization and Validity. (a) Each Borrower is a corporation duly organized and validly existing under the laws of the state identified as the its state of incorporation in Section 1 above and incorporation, 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 qualification, except where the absence of good standing would failure to so qualify will not have a Material Adverse Effect. A list of all states and other jurisdictions where each Borrower is qualified to do business is attached hereto as Schedule Exhibit "5.1" and made a part hereof.

Corporate Organization and Validity. (a) Each Borrower is a corporation duly organized and validly existing under the laws of the state identified as the its state of incorporation in Section 1 above and incorporation, 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 qualification, except where the absence of good standing would failure to so qualify is not likely to have a Material Adverse Effect. A list of all states and other jurisdictions where each Borrower is qualified to do business is attached hereto as Schedule Exhibit "5.1" and made a part hereof.