Common use of Existence and Qualification; Power; Compliance With Laws Clause in Contracts

Existence and Qualification; Power; Compliance With Laws. Each of Borrower and its Restricted Subsidiaries (a) is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the state of its organization, (b) has the power and authority and the legal right to own, lease and operate its properties and to conduct its business, (c) is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of its properties or the conduct of its business requires such qualification, except to the extent that the failure to be so qualified and in good standing does not have a Material Adverse Effect, and (d) is in compliance with all Laws, except to the extent that noncompliance does not have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Each of the Borrower and its Restricted Subsidiaries (a) is a corporation, partnership or partnership, limited liability company or trust duly organized or formed, validly existing and in good standing under the Laws of the state of its organization, (b) has the power and authority and the legal right to own, lease and operate its properties and to conduct its business, (c) is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of its properties or the conduct of its business requires such qualification, except to the extent that the failure to be so qualified and in good standing does could not reasonably be expected to have a Material Adverse Effect, Effect and (d) is in compliance with all Laws, except to the extent that noncompliance does could not reasonably be expected to have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Each of the Borrower and its Restricted Subsidiaries (a) is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the state of its organization, (b) has the power and authority and the legal right to own, lease and operate its properties and to conduct its business, (c) is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of its properties or the conduct of its business requires such qualification, except to the extent that the failure to be so qualified and in good standing does not have a Material Adverse Effect, Effect and (d) is in compliance with all Laws, except to the extent that noncompliance does not have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Each of Borrower Parent and its Restricted Subsidiaries (a) is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the state of its organization, (b) has the power and authority and the legal right to own, lease and operate its properties and to conduct its business, (c) is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of its properties or the conduct of its business requires such qualification, except to the extent that the failure to be so qualified and in good standing does not have a Material Adverse Effect, and (d) is in compliance with all Laws, except to the extent that noncompliance does not have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Each of the Borrower and its Restricted Subsidiaries (a) is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the state of its organization, (b) has the power and authority and the legal right to own, lease and operate its properties and to conduct its business, (c) is duly qualified and as a foreign corporation or other organization to do business, and, to the extent legally applicable, is in good standing under the Laws of in each jurisdiction where its ownership, lease or operation the character of its owned, operated or leased properties or the conduct nature of its business requires activities makes such qualificationqualification necessary, except to the extent that the failure to be so qualified and in good standing does not have a Material Adverse Effect, Effect and (d) is in compliance with all Laws, except to the extent that noncompliance does not have a Material Adverse Effect.