Common use of Existence; Power Clause in Contracts

Existence; Power. Parent and each of its Restricted Subsidiaries (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 would not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Repay Holdings Corp), Revolving Credit Agreement (Repay Holdings Corp), Revolving Credit Agreement (Repay Holdings Corp)

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Existence; Power. Parent Each of Parent, the Borrower and each of its Restricted their respective Subsidiaries (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 would not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (LendingTree, Inc.), Credit Agreement (LendingTree, Inc.), Credit Agreement (LendingTree, Inc.)

Existence; Power. The Parent and each of its Restricted Subsidiaries (ia) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws applicable 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 would not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Health Insurance Innovations, Inc.), Credit Agreement (Health Insurance Innovations, Inc.)

Existence; Power. Each of the Parent and each of its Restricted Subsidiaries (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 would could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (STEINER LEISURE LTD), Credit Agreement (Steiner Leisure LTD)

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Existence; Power. Parent The Parent, the Borrower and each of its Restricted their Subsidiaries (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 would not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (United Industrial Corp /De/)

Existence; Power. The Parent and each of its Restricted Subsidiaries (i) is are 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 have all requisite corporate, partnership or limited liability company power and authority to carry on its their respective business as now conducted, and (iii) is are 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 would could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (OneWater Marine Inc.)

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