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

Existence and Qualification; Power; Compliance With Laws. Borrower is a corporation duly organized or formed, validly existing and in good standing under the Laws of the state of its incorporation or organization, has the power and authority and the legal right to own and operate its properties, to lease the properties it operates and to conduct its business, is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, and is in compliance with all Laws except to the extent that noncompliance could not be reasonably expected to have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Borrower is a corporation duly organized or formed, validly existing and in good standing under the Laws of the state of its incorporation or organization, has the power and authority and the legal right to own and operate its properties, to lease the properties it operates and to conduct its business, is duly qualified and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, and is in compliance with all Laws except to the extent that lack of qualification or noncompliance could does not be reasonably expected to have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Borrower is a corporation duly organized or formedincorporated, validly existing and in good standing under the Laws of the state of its incorporation or organizationincorporation, has the corporate power and authority and the legal right to own own, lease and operate its properties, to lease the properties it operates and to conduct its businessbusiness as currently conducted, is duly qualified and in good standing under the Laws of each jurisdiction Delaware, California and in all other jurisdictions in which it conducts business, except where its ownership, lease or operation of properties or the conduct of its business requires such qualificationfailure to be so qualified could not be reasonably expected to have a Material Adverse Effect, and is in compliance with all Laws except to the extent that noncompliance could not be reasonably expected to have a Material Adverse Effect.

Existence and Qualification; Power; Compliance With Laws. Borrower is a corporation duly organized or formedincorporated, validly existing and in good standing under the Laws of the state of its incorporation or organizationincorporation, has the corporate power and authority and the legal right to own own, lease and operate its properties, to lease the properties it operates and to conduct its businessbusiness as currently conducted, is duly qualified and in good standing under the Laws of each jurisdiction where its ownershipDelaware, lease or operation of properties or the conduct of its business requires such qualificationCalifornia and Colorado, and is in compliance with all Laws except to the extent that noncompliance could not be reasonably expected to have a Material Adverse Effect.

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

Existence and Qualification; Power; Compliance With Laws. Borrower is a corporation duly organized or formedincorporated, validly existing and in good standing under the Laws of the state of its incorporation or organizationincorporation, has the corporate power and authority and the legal right to own own, lease and operate its properties, to lease the properties it operates and to conduct its businessbusiness as currently conducted, is duly qualified and in good standing under the Laws of each jurisdiction where its ownershipDelaware, lease or operation of properties or the conduct of its business requires such qualificationCalifornia, Colorado and Texas, and is in compliance with all Laws except to the extent that noncompliance could not be reasonably expected to have a Material Adverse Effect.