Common use of Due Organization, Authorization; Power and Authority Clause in Contracts

Due Organization, Authorization; Power and Authority. Each Borrower and each of its respective Subsidiaries is duly formed, validly existing and in good standing as under the laws of its jurisdiction of organization or formation and each Borrower and each of its respective Subsidiaries is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its businesses or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to result in a Material Adverse Change.

Due Organization, Authorization; Power and Authority. Each Borrower and each of its respective Subsidiaries is duly formed, validly existing and in good standing as under the laws of its jurisdiction of organization or formation and each each. Borrower and each of its respective Subsidiaries is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its businesses or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to result in a Material Adverse Change.

Due Organization, Authorization; Power and Authority. Each Borrower and each of its respective Subsidiaries is duly formed, validly existing and in good standing as under the laws of its jurisdiction of organization or formation and each Borrower and each of its respective Subsidiaries is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its businesses or its ownership of property requires that it be qualified except where exceptwhere the failure to failureto do so could not couldnot reasonably be expected to result in a Material Adverse Change.

Due Organization, Authorization; Power and Authority. Each Borrower and each of its respective Subsidiaries is duly formed, validly existing and in good standing as under the laws of its jurisdiction of organization or formation and each Borrower and each of its respective Subsidiaries is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its businesses or its ownership of property requires that it be qualified except where the failure to failureto do so could not reasonably be expected to result in a Material Adverse Change.

Due Organization, Authorization; Power and Authority. Each (a) Borrower and each of its respective Subsidiaries is are each duly formed, validly existing and in good standing as under the laws of its a Registered Organization in their respective jurisdiction of organization or formation and each Borrower and each of its respective Subsidiaries is are qualified and licensed to do business and is in good standing in any other jurisdiction in which the conduct of its businesses their respective business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to result in a Material Adverse Change.their ownership

Due Organization, Authorization; Power and Authority. Each Borrower and each of its respective Subsidiaries is are duly formed, validly existing and in good standing as under the laws of a Registered Organization in its jurisdiction of organization or formation and each Borrower and each of its respective Subsidiaries is qualified and licensed to do business and each is in good standing in any jurisdiction in which the conduct of each of its businesses business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to result in have a Material Adverse Change.material adverse effect on Borrower’s business. In connection with this