Common use of Existence; Power Clause in Contracts

Existence; Power. The Borrower, each other Loan Party and each Material Subsidiary (i) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all requisite power and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. The Borrower, Borrower and each other Subsidiary Loan Party and each Material Subsidiary (i) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has -has all requisite power and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. The Borrower, each other Each Loan Party and each Material Subsidiary (ia) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (iib) has all requisite power and authority to carry on its business as now conducted, and (iiic) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. The Borrower, each other Each of the Loan Party Parties and each Material Subsidiary of their Subsidiaries (ia) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company company, as applicable, under the laws Laws of the jurisdiction of its organization, (iib) has all requisite power and authority to carry on its business as now conducted, and (iiic) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.