Common use of Due Qualification and Good Standing Clause in Contracts

Due Qualification and Good Standing. It is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect.

Due Qualification and Good Standing. It is in good standing in its jurisdiction of formation. It is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect.

Due Qualification and Good Standing. It is duly qualified to do business and, to the extent applicable, and is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including including, without limitation, the performance of its obligations under this Agreement, Agreement and the other Facility Credit Documents to which it is a party and its Constituent Documentsparty, requires such qualification, except where to the extent the failure to be so qualified or in good standing would could not reasonably be expected to have a Material Adverse Effect.