Corporate Standing. TBC is a duly organized corporation existing in good standing under the laws of the State of Delaware. Each Subsidiary Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, and each of TBC and each Subsidiary Borrower is qualified to do business in every jurisdiction where such qualification is required, except where the failure to so qualify would not have a material adverse effect on the financial condition of TBC and the Subsidiary Borrowers as a whole.
Corporate Standing. It is a corporation duly organized, validly existing and in good standing under the laws of Delaware, is authorized and qualified to do business in all jurisdictions in which the nature of the business conducted by it makes such qualification necessary and where failure so to qualify would have a material adverse effect on its financial condition, operations, prospects, taxes or business.
Corporate Standing. Maintain, and cause each Subsidiary to maintain, its corporate, partnership or limited liability company existence in good standing and remain or become duly licensed or qualified and in good standing in each jurisdiction in which the conduct of its business requires such qualification or licensing, except where the failure to be so licensed or qualified and in good standing would not have a Material Adverse Effect; provided, however, nothing in this Section shall be deemed to prohibit any transaction permitted by Section 6.7 of this Agreement.
Corporate Standing. It is a duly organized, validly existing and in good standing under the laws of its jurisdiction of Ohio, qualified to do business in jurisdictions in which the nature of the business conducted by it makes such qualification necessary and where failure so to qualify would have a material adverse effect on its financial condition, operations, prospects or business.
Corporate Standing. 4 6.2 Authorization.................................................5 6.3 Capitalization................................................5 6.4
Corporate Standing. Seller is a corporation duly organized and validly existing and in good standing under the laws of the State of Delaware. Seller has the power to own its property, and to execute, deliver and perform this Agreement and each of the Transaction Documents applicable to it, and to carry on its business as now being conducted. Seller is duly qualified to do business in and is in good standing as a foreign corporation, authorized to do business under the laws of the States of Utah and Pennsylvania.
Corporate Standing. Purchaser is a corporation, duly incorporated and validly subsisting under the laws of the jurisdiction of its formation incorporation, and is authorized to carry on business in all jurisdictions in which the Assets are located;
Corporate Standing. Telaleasing Enterprises, Inc. is a corporation duly organized and validly existing in good standing under the laws of the State of Illinois with full power and authority to own its properties and conduct its business as conducted.
Corporate Standing. 6 3.2. Authorizations; Binding Agreements..............................6 3.3. No Actions Affecting Enforcement of the Agreement and the other Transaction Documents...............................7 3.4. Taxes...........................................................7 3.5.
Corporate Standing. Buyer is a business entity duly organized, validly existing and in good standing under the laws of the State of New York. Buyer has full corporate power and authority to own its properties and to carry on its business as currently conducted.
