Common use of Existence; Power Clause in Contracts

Existence; Power. The Sponsor and each of its Subsidiaries (i) is duly organized, validly existing and in good standing as a corporation 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 Sponsor and each of its Subsidiaries (i) is duly organized, validly existing and in good standing as a corporation or a 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 Holdings, the Sponsor and each of its Restricted Subsidiaries (ia) is duly organized, validly existing and in good standing as a corporation 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 Sponsor and each of its Subsidiaries (ia) is duly organized, validly existing and in good standing as a corporation 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 Sponsor and each of its Subsidiaries (i) is duly organized, validly existing and in good standing as a corporation 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.