Common use of Due Incorporation; Good Standing Clause in Contracts

Due Incorporation; Good Standing. The Company has been duly organized and is validly existing as a corporation and is in good standing under the laws of its state of incorporation, and is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification, except where the failure to qualify would not result in a material adverse effect on the Company’s condition, financial or otherwise, business, operations or prospects (“Material Adverse Effect”).

Due Incorporation; Good Standing. The Company has been duly organized incorporated and is validly existing as a corporation and is in good standing under the laws of its state formation as of incorporationthe date hereof, and is duly qualified to do business and is in good standing as a foreign corporation in each other jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification, except where the failure to qualify qualify, singularly or in the aggregate, would not have or reasonably be expected to result in a material adverse effect on the Company’s condition, financial or otherwise, business, operations or prospects (“Material Adverse Effect”)Change.