Common use of Due Organization and Qualification Clause in Contracts

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Cymer Inc)

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Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, qualified (except for states or countries as to which any failure so to so qualify would not have a Material Adverse Effect).

Appears in 1 contract

Samples: Negative Pledge Agreement (MMC Networks Inc)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it failure to be so qualified, except for states or countries as which any failure qualified could reasonably be expected to so qualify would not have result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Headway Technologies Inc)

Due Organization and Qualification. Such Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, . No Borrower has any Subsidiaries except for states or countries as which any failure to so qualify would not have a Material Adverse Effect.set forth on Schedule A.

Appears in 1 contract

Samples: Loan Agreement (Moldflow Corp)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any where the failure to do so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state or other jurisdiction of organization in which it is incorporated and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any where the failure to do so qualify would not have reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Traffic.com, Inc.)

Due Organization and Qualification. Such Borrower and each Material Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, qualified except for states or countries as which any where the failure to be so qualify would qualified and licensed will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Wj Communications Inc)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation an organization duly existing and in good standing under the laws of its state or jurisdiction of organization and qualified and licensed to do business in, and is in good standing in, any state or country jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, qualified except for states or countries as which any where the failure to do so qualify would could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Quicklogic Corporation)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any where the failure to be so qualify would qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Phoenix Technologies LTD)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any failure to so qualify would not have be a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Eprise Corp)

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Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state or jurisdiction of organization country in which it is incorporated and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any where the failure to do so qualify would not have reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiodynamics International Corp)

Due Organization and Qualification. Such Each Borrower and each Designated Subsidiary is a corporation duly registered, legally existing and in good standing duly incorporated under the laws of its state or jurisdiction of organization and qualified and or licensed to do business in, and is in good standing in, any state or country jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, qualified or licensed. The Borrowers and the Designated Subsidiaries have no Subsidiaries except for states or countries as which any failure to so qualify would not have a Material Adverse Effect.set forth on Schedule A.

Appears in 1 contract

Samples: Loan Agreement (Lionbridge Technologies Inc /De/)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation an entity duly existing and in good standing under the laws of its country or state or jurisdiction of organization formation and qualified and licensed to do business in, and is in good standing in, any country or state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for those countries or states or countries as which any where such failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Maxwell Technologies Inc)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it failure to be so qualified, except for states or countries as which any failure to so qualify qualified and licensed would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Centra Software Inc)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation an entity duly existing and in good standing under the laws of its state or the jurisdiction of organization in which it is organized and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, except for states or countries as which any where the failure to do so qualify would not have reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra, Inc.)

Due Organization and Qualification. Such Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or jurisdiction of organization incorporation and qualified and licensed to do business in, and is in good standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified, qualified except for states or countries as which any where the failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Innerdyne Inc)

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