Common use of Incorporation, Good Standing, and Due Qualification Clause in Contracts

Incorporation, Good Standing, and Due Qualification. The Borrower and each of its Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its formation, has all power and authority to carry on its business as now being conducted and to own its properties and is duly licensed or qualified and in good standing or a foreign corporation in each other jurisdiction in which its properties are located or in which failure to qualify would materially and adversely affect the conduct of its business or the enforceability of contractual rights of the Borrower.

Incorporation, Good Standing, and Due Qualification. The Borrower and each of its Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its formation, has all power and authority to carry on its business as now being conducted and to own its properties and is duly licensed or qualified and in good standing or a foreign corporation in each other jurisdiction in which its properties are located or in which failure to qualify would materially and adversely affect the conduct of its business or the enforceability of contractual rights of the Borrowerreasonably be expected to have a Material Adverse Effect.

Incorporation, Good Standing, and Due Qualification. The Each Borrower and each of its Subsidiaries their respective Subsidiaries, is a corporation duly incorporated, validly existing existing, and in good standing under the laws of the jurisdiction of its formation, incorporation; has all the corporate power and authority to carry on own its business as now being conducted assets and to own its properties transact the business in which it is now engaged or proposed to be engaged in; and is duly licensed or qualified as a foreign corporation and in good standing or a foreign corporation in under the laws of each other jurisdiction in which its properties are located or in which failure to qualify would materially and adversely affect the conduct of its business or the enforceability of contractual rights of the Borrowersuch qualification is required.

Incorporation, Good Standing, and Due Qualification. The Borrower and each of its Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction State of its formationincorporation, has all power and authority to carry on its business as now being conducted and to own its properties and is duly licensed or qualified and in good standing or a foreign corporation in each other jurisdiction in which its properties are located or in which failure to qualify would materially and adversely affect the conduct of its business or the enforceability of contractual rights of the Borrower.