Common use of Incorporation, Good Standing and Location Clause in Contracts

Incorporation, Good Standing and Location. Each Guarantor is (i) a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) duly qualified and authorized to do business and in good standing in every other jurisdiction where the nature of its business requires such qualification and (iii) has all requisite corporate power and authority, and all governmental licenses and permits, to own and operate its properties and to carry on its businesses as presently conducted. Each Guarantor has the requisite corporate power to enter into and perform its obligations under this Guaranty Agreement.

Appears in 2 contracts

Samples: Guaranty Agreement (Quaker Fabric Corp /De/), Guaranty Agreement (Quaker Fabric Corp /De/)

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Incorporation, Good Standing and Location. Each The Guarantor is (i) a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, (ii) duly qualified and authorized to do business and in good standing in every other jurisdiction where the nature of its business requires such qualification and (iii) has all requisite corporate power and authority, and all governmental licenses and permits, to own and operate its properties and to carry on its businesses as presently conducted. Each The Guarantor has the requisite corporate power to enter into and perform its obligations under this Guaranty Agreement.

Appears in 1 contract

Samples: Subordinated Guaranty Agreement (Prudential Insurance Co of America)

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Incorporation, Good Standing and Location. Each Guarantor is (i) a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, (ii) duly qualified and authorized to do business and in good standing in every other jurisdiction where the nature of its business requires such qualification and (iii) has all requisite corporate power and authority, and all governmental licenses and permits, to own and operate its properties and to carry on its businesses business as presently conducted. Each Guarantor has the requisite corporate power to enter into and perform its obligations under the guaranty in this Guaranty Agreementparagraph 12.

Appears in 1 contract

Samples: Note Agreement (Brown Group Inc)

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