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

Incorporation, Good Standing, and Due Qualification. The Borrower is a corporation duly incorporated, validly existing, and in good standing under the laws of State of Delaware, has the corporate power and authority to own its assets and to transact the businesses in which it is now engaged or proposed to be engaged; and is duly qualified as a foreign corporation and in good standing under the laws of each other jurisdiction in which such qualification is required except where failure to be qualified would not have a material adverse effect on the Borrower’s business or operations.

Appears in 1 contract

Samples: Credit Agreement (Hittite Microwave Corp)

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Incorporation, Good Standing, and Due Qualification. The Borrower is a corporation limited partnership duly incorporatedorganized, validly existing, existing and in good standing under the laws of the State of Delaware, has the corporate power and authority to own its assets and to transact the businesses business in which it is now engaged or proposed to be engaged; engaged and is duly qualified as a foreign corporation partnership and in good standing under the laws of each other jurisdiction in which such qualification is required except where failure to be qualified would not have a material adverse effect on the Borrower’s business or operationsrequired.

Appears in 1 contract

Samples: Loan Agreement (Pietrafesa Corp)

Incorporation, Good Standing, and Due Qualification. The Borrower is a corporation duly incorporated, validly existing, and in good standing under the laws of the State of Delaware, ; has the corporate power and authority to own its assets and to transact the businesses business in which it is now engaged or proposed to be engagedengaged in; and is duly qualified as a foreign corporation and in good standing under the laws of each other jurisdiction in which such qualification is required except where failure to be qualified would not have a material adverse effect on the Borrower’s business or operationsrequired.

Appears in 1 contract

Samples: Loan Agreement (Premier Power Renewable Energy, Inc.)

Incorporation, Good Standing, and Due Qualification. The Borrower is a corporation limited liability company duly incorporated, validly existing, and in good standing under the laws of State the jurisdiction of its incorporation, Delaware, has the corporate power and authority to own its assets and to transact the businesses business in which it is now engaged or proposed to be engaged; engaged in, and is duly qualified as a foreign corporation and limited liability company in good standing under the laws of each other jurisdiction in which such qualification is required except where failure to be qualified would not have a material adverse effect on the Borrower’s business or operationsrequired.

Appears in 1 contract

Samples: Term Loan Agreement (Basin Water, Inc.)

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Incorporation, Good Standing, and Due Qualification. The Borrower is a corporation duly incorporated, validly existing, and in good standing under the laws of the State of Delaware, has the corporate power and authority to own its assets and to transact the businesses in which it is now engaged or proposed to be engaged; Business, and is duly qualified as a foreign corporation and in good standing under the laws of each other jurisdiction in which such qualification is required except where failure to be qualified would not have a material adverse effect on the Borrower’s business or operationsrequired.

Appears in 1 contract

Samples: Bridge Loan Agreement (Orleans Homebuilders Inc)

Incorporation, Good Standing, and Due Qualification. The Borrower is a corporation duly incorporatedincorporated or formed, validly existing, existing and in good standing under the laws of State of Delaware, has the corporate or other power and authority to own or lease its assets properties and to transact the businesses business in which it is now engaged or proposed to be engaged; , and is duly qualified as a foreign corporation or foreign entity and in good standing under the laws of each other jurisdiction in which such qualification is required except where failure to be qualified would not have a material adverse effect on the Borrower’s business or operationsrequired.

Appears in 1 contract

Samples: Revolving Credit Agreement (Patriot Capital Funding, Inc.)

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