Common use of Existence; Good Standing; Compliance with Law Clause in Contracts

Existence; Good Standing; Compliance with Law. (a) Parent is a corporation duly formed, validly existing and in good standing under the Laws of the State of Maryland. Section 5.1(a)(i) of the Parent Disclosure Schedule lists the jurisdictions in which Parent is duly qualified or licensed to do business as a foreign corporation. Except as set forth in Section 5.1(a)(ii) of the Parent Disclosure Schedule, Parent is duly qualified or licensed to do business as a foreign corporation and is in good standing under the Laws of any other jurisdiction in which the character of the properties owned, leased or operated by it therein or in which the transaction of its business makes such qualification or licensing necessary, except where the failure to be so qualified or licensed would not, individually or in the aggregate, have, or reasonably be expected to have, a Parent Material Adverse Effect. Parent has all requisite corporate power and authority to own, operate, lease, hold and encumber its properties and carry on its business as now conducted.

Existence; Good Standing; Compliance with Law. (a) Parent is a corporation duly formedincorporated, validly existing and in good standing under the Laws of the State of Maryland. Section 5.1(a)(i‎Section 5.1(a) of the Parent Disclosure Schedule Letter lists the jurisdictions in which Parent is duly qualified or licensed to do business as a foreign corporationcorporation or other entity. Except as set forth in Section 5.1(a)(ii) of the Parent Disclosure Schedule, Parent is duly qualified or licensed to do business as a foreign corporation and is in good standing under the Laws of any other jurisdiction in which the character of the properties owned, leased or operated by it therein or in which the transaction of its business makes such qualification or licensing necessary, except where the failure to be so qualified or licensed or in good standing would not, individually or in the aggregate, have, or reasonably be expected to have, a Parent Material Adverse Effect. Parent has all the requisite corporate power and authority to own, operate, lease, hold and hold, encumber and, to the extent applicable, operate its properties and to carry on its business as now conducted.

Existence; Good Standing; Compliance with Law. (a) Parent is a corporation duly formedincorporated, validly existing and in good standing under the Laws of the State of Maryland. Section 5.1(a)(i5.1(a) of the Parent Disclosure Schedule lists the jurisdictions in which Parent is duly qualified or licensed to do business as a foreign corporationcorporation or other entity. Except as set forth in Section 5.1(a)(ii) of the Parent Disclosure Schedule, Parent is duly qualified or licensed to do business as a foreign corporation and is in good standing under the Laws of any other jurisdiction in which the character of the properties owned, leased or operated by it therein or in which the transaction of its business makes such qualification or licensing necessary, except where the failure to be so qualified or licensed or in good standing would not, individually or in the aggregate, have, or reasonably be expected to have, a Parent Material Adverse Effect. Parent has all the requisite corporate power and authority to own, operate, lease, hold and hold, encumber and, to the extent applicable, operate its properties and to carry on its business as now conducted.