Creation and Existence. Borrowers are each a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have all power and authority to own its properties and assets and to transact the business in which it is engaged.
Appears in 4 contracts
Samples: Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Crude Co)
Creation and Existence. Borrowers are each Each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Each Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.
Appears in 2 contracts
Samples: Credit Agreement (3tec Energy Corp), Credit Agreement (3tec Energy Corp)
Creation and Existence. Borrowers are each Each Borrower is a corporation duly ---------------------- organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Each Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.
Appears in 2 contracts
Samples: Loan Agreement (Gothic Energy Corp), Loan Agreement (Gothic Energy Corp)
Creation and Existence. Borrowers are each Each Borrower is a corporation or ---------------------- limited liability company duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Each Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.
Appears in 1 contract
Samples: Credit Agreement (3tec Energy Corp)
Creation and Existence. Each of the Borrowers are each is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Each of the Borrowers each have has all power and authority required to own its properties and assets and to transact the business in which it is engaged.
Appears in 1 contract
