Formation, Good Standing and Due Qualification Sample Clauses

Formation, Good Standing and Due Qualification. The Borrower is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has the power and all licenses necessary to own its assets and to transact the business in which it is engaged and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Loan Assets and the Collateral Portfolio requires such qualification; except in each case, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.
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Formation, Good Standing and Due Qualification. Borrower (a) is a limited liability company duly organized and validly existing under the laws of the jurisdiction of its formation; (b) has all requisite power and authority necessary to own its properties and assets and to carry on the business in which it is now engaged or proposed to be engaged; and (c) is duly qualified and in good standing as a foreign corporation, foreign limited liability or foreign partnership, as applicable, under the laws of each other jurisdiction in which such qualification is required, except where the failure to so qualify could not reasonably be expected to result in a Material Adverse Effect.
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Formation, Good Standing and Due Qualification. Each Obligor is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation, has the power and authority to own its assets and to transact the business in which it is now engaged or proposed to be engaged, and is duly qualified and in good standing under the laws of each other jurisdiction in which such qualification is required or where such qualification is necessary.
Sample 1
Formation, Good Standing and Due Qualification. The Borrower is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation, has the power and authority to own its assets and to transact the business in which it is now engaged or proposed to be engaged, and is duly qualified and in good standing under the laws of each other jurisdiction in which the failure to qualify would cause, or result in, a Material Adverse Change, or where such qualification is necessary to permit the Borrower to enforce any Mortgage Loan.
Sample 1
Formation, Good Standing and Due Qualification. ..55 Section 6.02.
Sample 1
Formation, Good Standing and Due Qualification. 30 Section 5.02 Power and Authority; No Conflicts.............................30 Section 5.03 Legally Enforceable Agreements................................31 Section 5.04 Litigation....................................................31 Section 5.05 Financial Statements..........................................31 Section 5.06 Ownership and Liens...........................................31 Section 5.07 Taxes.........................................................31 Section 5.08 ERISA.........................................................31 Section 5.09 Subsidiaries..................................................32 Section 5.10 Operation of Business; Prior or Existing Restrictions, Etc....32 Section 5.11 No Default on Outstanding Judgments or Orders.................32 Section 5.12 No Defaults on Other Agreements...............................32 Section 5.13 Labor Disputes and Acts of God................................32 Section 5.14 Partnerships..................................................33 Section 5.15 Environmental Protection......................................33 Section 5.16 Management of Borrower........................................33 Section 5.17 Compliance with Laws..........................................33 Section 5.18 Solvency......................................................33 ARTICLE VI
Sample 1
Formation, Good Standing and Due Qualification. 49 Section 6.02. Power and Authority; No Conflicts................49 Section 6.03.
Sample 1
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Formation, Good Standing and Due Qualification. The Borrower is a general partnership created and existing under the laws of the State of New Jersey. The Borrower has the power and authority to own its assets and to transact the business in which it is now engaged or proposed to be engaged in, and is duly qualified and in good standing under the laws of each other jurisdiction in which such qualification is required, except where the failure to so qualify would not materially and adversely affect the business or financial condition of the Borrower.
Sample 1

Related to Formation, Good Standing and Due Qualification

  • Organization, Good Standing and Due Qualification The Borrower is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware and has the power and all licenses necessary to own its assets and to transact the business in which it is engaged and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Loan Assets and the Collateral Portfolio requires such qualification.

  • Due Qualification and Good Standing The Borrower is in good standing in the State of Delaware. The Borrower is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing could not reasonably be expected to have a Material Adverse Effect.

  • Organization; Good Standing; Qualification and Power The Contributed Subsidiaries are all of the subsidiaries of the Contributed Companies or any of their direct or indirect subsidiaries. Each of the Contributed Companies, and the Contributed Subsidiaries and each of the Contributing Companies is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, has all requisite corporate power and authority to own, lease and operate any and all of the Group Assets held by such company and for the Conduct of the Group Business as now being conducted by such company, and is duly qualified and in good standing to do business in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary, other than in such jurisdictions where the failure so to qualify would not have a Material Adverse Effect on the Group Business. SCO has delivered to Caldera or its counsel complete and correct copies of the charter documents of the Contributed Companies and the Contributed Subsidiaries. Except for the Contributed Subsidiaries, none of the Contributed Companies nor any of the Contributed Subsidiaries owns, directly or indirectly, any capital stock or other equity interest of any corporation or has any direct or indirect equity or ownership interest in any other business, whether organized as a corporation, partnership, joint venture or otherwise.

  • Organization, Good Standing and Qualification The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties.

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