Common use of Good Standing and Qualification Clause in Contracts

Good Standing and Qualification. Borrower is a corporation duly ------------------------------- organized, validly existing, and in good standing under the laws of the state or province, as the case may be, of its incorporation. Borrower has all requisite corporate power and authority to own and operate its properties and to carry on its business as presently conducted and is qualified to do business and is in good standing as a foreign corporation in each jurisdiction wherein the character of the properties owned or leased by it therein or in which the transaction of its business therein makes such qualification necessary.

Good Standing and Qualification. Borrower is a corporation duly ------------------------------- organized, validly existing, existing and in good standing under the laws of the state or province, as the case may be, of its incorporation. Borrower has all requisite corporate power and authority to own and operate its properties and to carry on its business as presently conducted and is qualified to do business and is in good standing as a foreign corporation in each jurisdiction wherein the character of the properties owned or leased by it therein or in which the transaction of its business therein makes such qualification necessary.. (b)

Good Standing and Qualification. Borrower is a corporation duly ------------------------------- organizedorganized corporation, validly existing, existing and in good standing under the laws of the state or province, as the case may be, Commonwealth of its incorporation. Borrower Massachusetts and has all requisite corporate power and authority to own and operate its properties property and to carry on its business as presently conducted and is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction wherein the character of the properties owned or leased by it therein or in which the transaction of its business therein makes such qualification necessary.

Good Standing and Qualification. The Borrower is a corporation corporation, duly ------------------------------- organizedincorporated, validly existing, existing and in good standing under the laws of the its state or province, as the case may be, of its incorporation. The Borrower has all requisite corporate company power and authority to own and operate its properties and to carry on each of its business as presently conducted and is qualified to do business and is in good standing as a foreign corporation in each jurisdiction wherein the character of the properties owned or leased by each of it therein or in which the transaction of its business therein makes such qualification necessary.