Common use of Existence and Qualification Clause in Contracts

Existence and Qualification. Borrower is a corporation, legally existing and in good standing under the laws of the State of Tennessee, and is duly qualified to do business in each jurisdiction in which a failure to be so qualified would have a Material Adverse Effect. All Guarantors are duly existing and validly formed in the state of their formation, and all Guarantors are duly qualified to do business in each jurisdiction in which a failure to be so qualified would have a Material Adverse Effect.

Existence and Qualification. Borrower is a corporation, legally existing and in good standing under the laws of the State of Tennessee, Tennessee and is duly qualified to do business in each jurisdiction in which a failure to be so qualified would have a Material Adverse Effect. All Guarantors are duly existing and validly formed in the state of their formation, and all Guarantors are duly qualified to do business in each jurisdiction in which a failure to be so qualified would have a Material Adverse Effect.

Existence and Qualification. Borrower is a corporation, legally existing existing, and in good standing under the laws of the State of Tennessee, and . Borrower is duly qualified to do business as a corporation in each jurisdiction in which a failure to be so qualified would have a Material Adverse Effect. All Guarantors are duly existing and validly formed in the state of their formation, and all Guarantors are duly qualified to do business in each jurisdiction jurisdictions in which a failure to be so qualified would have a Material Adverse Effect.