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

Incorporation, Good Standing, and Due Qualification. Borrower and its Subsidiary are duly incorporated, validly existing and in good standing under the laws of the respective jurisdictions of their incorporation, have the corporate power and authority to own their assets and to transact the business in which they are now engaged or proposed to be engaged, and are duly qualified as foreign corporations and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified could not result in a Material Adverse Change.

Incorporation, Good Standing, and Due Qualification. Each Borrower and its each Subsidiary are is a corporation duly incorporatedorganized, validly existing existing, and in good standing under the laws or the jurisdiction of the respective jurisdictions of their its incorporation, have ; has the corporate power power, and authority to own their its assets and to transact the business in which they are it is now engaged or in which it is proposed to be engaged, ; and are is duly qualified as a foreign corporations corporation and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified could not result in a Material Adverse Change.

Incorporation, Good Standing, and Due Qualification. Borrower and its each Subsidiary are is duly incorporatedincorporated or formed, validly existing and in good standing under the laws of the respective jurisdictions jurisdiction of their incorporationits incorporation or formation, have has the corporate power and authority to own their its assets and to transact the business in which they are it is now engaged or proposed to be engaged, and are is duly qualified as a foreign corporations corporation or entity and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified has not, and could not reasonably be expected to, result in a Material Adverse Change.

Incorporation, Good Standing, and Due Qualification. Borrower and its each Subsidiary are is a corporation duly incorporated, validly existing existing, and in good standing under the laws of the respective jurisdictions jurisdiction of their its incorporation, have ; has the corporate power and authority to own their its assets and to transact the business in which they are it is now engaged or proposed to be engaged, engaged in; and are is duly qualified as a foreign corporations corporation and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified could not result in a Material Adverse Change.

Incorporation, Good Standing, and Due Qualification. Borrower and its each Subsidiary are is a corporation duly incorporated, validly existing existing, and in good standing under the laws of the respective jurisdictions jurisdiction of their its incorporation, have ; has the corporate power and authority to own their its assets and to transact the business in which they are it is now engaged or proposed to be engaged, engaged in; and are is duly qualified as a foreign corporations corporation and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified could not result in a Material Adverse Change.