Common use of Entity Existence Clause in Contracts

Entity Existence. Borrower and each Obligated Party (a) is duly formation, validly existing, and in good standing under the laws of the jurisdiction of its formation or organization; (b) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify could result in a Material Adverse Event. Borrower and each Obligated Party has the power and authority to execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

Entity Existence. Borrower Each Loan Party and each Obligated Party Restricted Subsidiary thereof (a) is duly formationincorporated or organized, as the case may be, validly existing, and in good standing under the laws Laws of the jurisdiction of its formation incorporation or organization; (b) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify could result in a Material Adverse Eventnecessary. Borrower and each Obligated Each Loan Party has the power and authority to execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

Entity Existence. Borrower Each Loan Party and each Obligated Party Restricted Subsidiary thereof (a) is duly formationincorporated or organized, as the case may be, validly existing, and in good standing under the laws Laws of the jurisdiction of its formation incorporation or organization; (b) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and or where failure to so qualify could result in would reasonably be expected to have a Material Adverse EventEffect. Borrower and each Obligated Each Loan Party has the power and authority to execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

Entity Existence. Borrower Each Loan Party that is not a natural person and each Obligated Party Subsidiary thereof (a) is duly formationincorporated or organized, as the case may be, validly existing, and in good standing under the laws Laws of the jurisdiction of its formation incorporation or organization; (b) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify could result in reasonably be expected to have a Material Adverse EventEffect. Each Borrower and each Obligated other Loan Party has the power and authority to execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

Entity Existence. Borrower and each Obligated Each Credit Party (a) is duly formationincorporated or organized, as the case may be, validly existing, and in good standing under the laws Laws of the jurisdiction of its formation incorporation or organization; (b) has all requisite power and authority to own its assets Properties and to carry on its business as now being or as proposed to be conducted; and (c) is qualified to do business and in all jurisdictions good standing in which the nature of every jurisdiction where its material real property assets are located and wherever necessary to carry out its material business makes such qualification necessary and where failure to so qualify could result in a Material Adverse Event. Borrower operations; and each Obligated Party (d) has the power and authority to execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

Entity Existence. Borrower and each Obligated Party (a) is duly formation, validly existing, and in good standing under the laws of the jurisdiction of its formation or organization; (b) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is 26 Credit and Security Agreement qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify could result in a Material Adverse Event. Borrower and each Obligated Party has the power and authority to execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.