Common use of Existence and Standing Clause in Contracts

Existence and Standing. Each of the Guarantors, the Borrower and the Subsidiaries of the Borrower is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

Existence and Standing. Each of the GuarantorsGuarantor, the Borrower and the Subsidiaries of the Borrower is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

Existence and Standing. Each of the GuarantorsGuarantor, the Borrower and the Subsidiaries each Subsidiary of the Borrower is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

Existence and Standing. Each of the GuarantorsBorrower, the Borrower Guarantor and the their respective Significant Subsidiaries of the Borrower is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

Existence and Standing. Each of the Guarantors, the Borrower Guarantor and the its Material Subsidiaries of the Borrower is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

Existence and Standing. Each of the Borrowers, Guarantors, the Borrower and the Subsidiaries of the Borrower is a corporation, limited partnership (in the case of Subsidiaries only) or limited liability company (as designated respectively in Borrowers' Corporate Organizational Chart) duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to own and lease its Property and to conduct its business in each jurisdiction in which its Property is located or its business is conducted.

Existence and Standing. Each of the Guarantors, the Borrower and the Subsidiaries of the Borrower is a corporation, partnership (in the case of Subsidiaries only) or limited liability company duly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

Existence and Standing. Each of the GuarantorsBorrower, the Borrower its Subsidiaries and the Subsidiaries of the Borrower Guarantor (i) is a corporation, partnership (in the case of Subsidiaries only) or limited liability company corporation duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization organization, and (ii) has all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except where the failure to qualify could reasonably be expected to have a Material Adverse Effect on the Borrower or the Guarantor.