Common use of Due Organization and Qualification; Subsidiaries Clause in Contracts

Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business in any state or province where the failure to be so qualified reasonably could be expected to have a Material Adverse Change.

Appears in 3 contracts

Samples: Contingent Warrant Agreement (Advanced Lighting Technologies Inc), Loan and Security Agreement (Midas Inc), Loan and Security Agreement (Advanced Lighting Technologies Inc)

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Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business in any state or province each jurisdiction where the failure to be so qualified reasonably could be expected to have a Material Adverse Change.

Appears in 1 contract

Samples: Loan Agreement (Abraxas Petroleum Corp)

Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and validly existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business and in good standing in any state or province where the failure to be so qualified reasonably could be expected to have a Material Adverse Change.

Appears in 1 contract

Samples: Loan Agreement (Source Interlink Companies Inc)

Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business in any state state, province or province territory where the failure to be so qualified reasonably could be expected to have a Material Adverse Change.

Appears in 1 contract

Samples: Loan Agreement (Source Interlink Companies Inc)

Due Organization and Qualification; Subsidiaries. (ai) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business in any state or province where the failure to be so qualified reasonably could be expected to have a Material Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Amtrol Inc /Ri/)

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Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization incorporation and qualified and licensed to do business in, and in good standing in, any state or province where the failure to be so licensed or qualified reasonably could be expected to have a Material Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (RDM Sports Group Inc)

Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business in any state or province where the failure to be so qualified reasonably could be expected to have a Material Adverse Change, except in each case as such may be affected by the commencement of the Chapter 11 Case and all events and circumstances associated therewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Dairy Mart Convenience Stores Inc)

Due Organization and Qualification; Subsidiaries. (a) Each Loan Party is duly organized and existing and in good standing under the laws of the jurisdiction of its organization and qualified to do business in any state or province where the failure to be so qualified would not be reasonably could be expected likely to have result in a Material Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Lazy Days R.V. Center, Inc.)

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