Common use of Corporate Power and Qualification Clause in Contracts

Corporate Power and Qualification. (i) it is duly incorporated and organized and validly subsisting under the laws of its jurisdiction of incorporation; (ii) it has full corporate power and capacity to own or lease its properties and assets and to carry on its business as conducted on the date hereof; and (iii) it is duly qualified to carry on business in all jurisdictions in which it carries on business and has all licenses, permits and approvals which are necessary or material to its business and operations to the extent required by such laws;