Common use of Existence; Power Clause in Contracts

Existence; Power. Each Borrower and each of their Subsidiaries (i) is duly organized, validly existing and in good standing (if applicable) 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 (if applicable), in each jurisdiction where such qualification is required, except, in the case of either of clauses (ii) or (iii), where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each of the Borrower and each of their its Subsidiaries (i) is duly organized, incorporated, validly existing and in good standing (if applicable) as a corporation, company, partnership, exempted company, limited liability partnership or limited liability company under the laws of the jurisdiction of its organizationorganization or incorporation, as the case may be, (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 (if applicable)standing, in each jurisdiction where such qualification is required, exceptin each case, in the case of either of clauses (ii) or (iii), except where the a failure to do be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each of the Borrower and each of their its Restricted Subsidiaries (i) is duly organizedorganized or formed, validly existing and in good standing (if applicable) as a corporation, partnership or limited liability company or other legal entity under the laws of the jurisdiction of its organizationorganization or formation, (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 (if applicable)standing, in each jurisdiction where such qualification is required, except, except in the case of either of foregoing clauses (ii) or and (iii), ) where the a failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each Borrower and each of their Restricted Subsidiaries (i) is duly organized, validly existing and in good standing (if applicable) 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 (if applicable), in each jurisdiction where such qualification is required, except, in the case of either of clauses (ii) or (iii), where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each Borrower of the Parent and each of their Subsidiaries Borrower (i) is duly organized, validly existing and in good standing (if applicable) 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 (if applicable)standing, in each jurisdiction where such qualification is required, except, in the case of either of clauses (ii) or (iii), except where the a failure to do be so qualified or in good standing (other than in its jurisdiction of organization) could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each The Borrower and each of their its Subsidiaries (i) is duly organized, validly existing and in good standing (if applicable) as a corporation, partnership limited liability company, or limited liability company partnership, as the case may be, 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 (if applicable)standing, in each jurisdiction where such qualification is required, except, in the case of either of clauses (ii) or (iii), where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each Borrower of the Borrowers and each of their Domestic Subsidiaries (i) is duly organized, validly existing and in good standing (if applicable) 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 (if applicable)standing, in each jurisdiction where such qualification is required, except, in the case of either of clauses (ii) or (iii), where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Existence; Power. Each The Borrower and each of their its Subsidiaries (i) is duly organized, validly existing and in good standing (if applicable) 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 (if applicable)standing, in each jurisdiction where such qualification is required, except, in the case of either of clauses clause (ii) or (iii), where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.