Due Organization; Qualification. Guarantor is qualified to transact business and is in good standing in the State in which it is organized and in each other jurisdiction in which such qualification and/or standing is necessary to the conduct of its business and where the failure to be so qualified would adversely affect the validity of, the enforceability of, or the ability of Guarantor to perform the Guaranteed Obligations.
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Samples: Master Credit Facility Agreement (Sun Communities Inc), Guaranty (VMS National Properties Joint Venture), Guaranty (VMS National Properties Joint Venture)
Due Organization; Qualification. Guarantor is qualified to transact business and is in good standing in the State state in which it is organized and in each other jurisdiction in which such qualification and/or standing is necessary to the conduct of its business and where the failure to be so qualified would adversely affect the validity of, the enforceability of, or the ability of Guarantor to perform the Guaranteed Obligations.
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Colonial Properties Trust), Master Credit Facility Agreement (Bre Properties Inc /Md/)
Due Organization; Qualification. Guarantor is qualified to transact business and is in good standing in the State in which it is organized and in each other jurisdiction in which such qualification and/or standing is necessary to the conduct of its business and where the failure to be so qualified would adversely affect the validity ofhave a Material Adverse Effect on Guarantor, or the enforceability of, or the ability of Guarantor to perform the Guaranteed Obligations.
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