Common use of Due Organization - Corporate Authorization Clause in Contracts

Due Organization - Corporate Authorization. NO CONFLICTS. (a) Each Borrower presently is and shall hereafter remain in good standing as the type of entity indicated on EXHIBIT 4.2 hereof and be duly organized under the laws of the state of its organization indicated in EXHIBIT 4.2 to this Agreement and shall hereafter remain duly qualified and in good standing in every other State in which, by reason of the nature or location of that Borrower's assets or operation of that Borrower's business, such qualification may be necessary, except where the failure to so qualify would have no more than a de minimus adverse effect on the business or assets of that Borrower. EXHIBIT 4.2 accurately describes the corporate structure of the Borrowers and any Affiliates, including the identity of all shareholders holding more than 5% of the issued and outstanding stock having the right to vote, limited and general partners, or members, as the case may be. (b) Each Affiliate is listed on EXHIBIT 4.