Common use of Existence; Power Clause in Contracts

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

Appears in 3 contracts

Samples: Credit Agreement (OneWater Marine Inc.), Credit Agreement (OneWater Marine Inc.), Credit Agreement (OneWater Marine Inc.)

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Existence; Power. The Parent and each of its Restricted Subsidiaries (i) are 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) have has all requisite corporate, partnership or limited liability company power and authority to carry on their respective its business as now conducted, and (iii) are 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 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)

Existence; Power. The Each of the Parent and each of its Subsidiaries (ia) are 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) have has all requisite corporate, partnership or limited liability company power and authority to carry on their respective its business as now conducted, and (iiic) are 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.

Appears in 2 contracts

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

Existence; Power. The Parent and each of its Subsidiaries (ia) are 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) have has all requisite corporate, partnership or limited liability company power and authority to carry on their respective its business as now conducted, and (iiic) are 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 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.)

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

Appears in 1 contract

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

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