Common use of Corporate Status Clause in Contracts

Corporate Status. Each Credit Party (a) is a duly organized and/or incorporated and validly existing corporation, limited liability company or other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect.

Corporate Status. Each Credit Party (ai) is a duly organized and/or incorporated or formed and validly existing corporation, partnership or limited liability company or other entity company, as the case may be, in good standing (if applicable) or in full force and effect under the laws of the jurisdiction of its organization and/or incorporation formation and has the corporate, partnership or limited liability company or other organizational power and authority authority, as applicable, to own its property and assets and to transact the business in which it is engaged and presently proposes to engage, and (bii) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, qualified or authorized except where the failure to be so qualified would not reasonably be expected to result in have a Material Adverse Effect.

Corporate Status. Each Credit Party and each of their Subsidiaries (a) is a duly organized and/or incorporated or formed and validly existing corporation, limited liability company or other registered entity in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company corporate or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualifieddoes business or owns assets, except where the failure to be so qualified would qualified, authorized or in good standing could not reasonably be expected to result in a Material Adverse Effect.

Corporate Status. Each Credit Party (a) is a duly organized and/or incorporated and validly existing corporation, limited liability company or other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, except except, in each case, where the failure to be so qualified qualified, authorized or in good standing would not reasonably be expected to result in a Material Adverse Effect.

Corporate Status. Each Credit Party (a) is a duly organized and/or incorporated and validly existing corporation, limited liability company or other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required required, to be so qualified, except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect.

Corporate Status. Each Credit Party (a) is a duly organized and/or incorporated or formed and validly existing corporation, limited liability company corporation or other registered entity in good standing (if to the extent such concept is applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company requisite corporate or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if to the extent such concept is applicable) in all jurisdictions where it is required to be so qualified, by the conduct of its business or the ownership of assets except where the failure to be do so qualified would not reasonably be expected to result in a Material Adverse Effect.

Corporate Status. Each Credit Party (ai) is a duly organized and/or incorporated or formed and validly existing corporation, partnership or limited liability company or other entity company, as the case may be, in good standing (if applicable) or in full force and effect under the laws of the jurisdiction of its organization and/or incorporation or formation and has the corporate, partnership or limited liability company or other organizational power and authority authority, as applicable, to own its property and assets and to transact the business in which it is engaged and presently proposes to engage, and (bii) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, qualified or authorized except where the failure to be so qualified would not reasonably be expected to result in have a Material Adverse Effect.

Corporate Status. Each Credit Party (ai) is a duly organized and/or incorporated or formed and validly existing corporation, partnership or limited liability company or other entity company, as the case may be, in good standing (if applicable) or in full force and effect under the laws of the jurisdiction of its organization and/or incorporation formation and has the corporate, partnership or limited liability company or other organizational power and authority authority, as applicable, to own its property and assets and to transact the business in which it is engaged and presently proposes to engage, and (bii) has is duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, qualified or authorized except where the failure to be so qualified would not reasonably be expected to result in have a Material Adverse Effect.

Corporate Status. Each Credit Party (ai) is a duly organized and/or incorporated and validly existing corporation, limited liability company or other entity partnership, as the case may be, in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company or other organizational partnership power and authority authority, as the case may be, to own its property and assets and to transact the business in which it is engaged and presently proposes to engage and (bii) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, except qualified and where the failure to be so qualified would not could reasonably be expected to result in have a Material Adverse Effect.

Corporate Status. Each Credit Party (a) is a duly organized and/or incorporated and validly existing corporation, limited liability company or other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, except where the failure to be so qualified qualified, authorized and in good standing would not reasonably be expected to result in a Material Adverse Effect.

Corporate Status. Each Credit Party (ai) is a duly organized and/or incorporated or formed and validly existing corporation, partnership or limited liability company or other entity company, as the case may be, in good standing (if applicable) or in full force and effect under the laws of the jurisdiction of its organization and/or incorporation formation and has the corporate, partnership or limited liability company or other organizational power and authority authority, as applicable, to own its property and assets and to transact the business in which it is engaged and presently proposes to engage, and (bii) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, qualified or authorized except where the failure to be so qualified would not reasonably be expected to result in have a Material Adverse Effect.

Corporate Status. Each Credit Party (a) is a duly organized and/or incorporated (or incorporated) and validly existing corporation, limited liability company or other entity in good standing (if applicable) under the laws of the jurisdiction of its organization and/or incorporation and has the corporate, limited liability company or other organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing (if applicable) in all jurisdictions where it is required to be so qualified, except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect.