Common use of Legal Existence; Corporate or Other Legal Power Clause in Contracts

Legal Existence; Corporate or Other Legal Power. It is duly organized, validly existing and in good standing under the laws of its country or state of incorporation or formation and has duly qualified to do business in each jurisdiction where the failure to be so qualified would have a material adverse effect on its business, financial condition, operations or properties and/or its ability to perform its obligations under the Transaction Documents to which it is a party. It has the requisite power and authority to execute, deliver and perform its obligations under this Agreement and under each of the other Transaction Documents to which it is or will be a party.

Legal Existence; Corporate or Other Legal Power. It Each Obligor is duly incorporated, formed or organized, as the case may be, validly existing and in good standing under in the laws jurisdiction of its country incorporation, formation or state of incorporation or formation organization and has duly qualified to do business in each jurisdiction in which such qualification is necessary or where the failure to be so qualified would have a material adverse effect on its business, financial condition, operations or properties and/or its ability to perform its obligations under the Transaction Documents to which it is a partyDocuments. It Each Obligor has the requisite corporate or other legal power and authority to execute, deliver and perform its obligations under this Agreement and under each of the other Transaction Documents to which it is or will be a party.

Legal Existence; Corporate or Other Legal Power. It Each Obligor is duly incorporated, formed or organized, validly as the case may be, and existing and in good standing under the laws jurisdiction of its country incorporation, formation or state of incorporation or formation organization and has duly qualified to do business in each jurisdiction in which such qualification is necessary or where the failure to be so qualified would have a material adverse effect on its business, financial condition, operations or properties and/or its ability to perform its obligations under the Transaction Documents to which it is a partyDocuments. It Each Obligor has the requisite corporate or other legal power and authority to execute, deliver and perform its obligations under this Agreement and under each of the other Transaction Documents to which it is or will be a party.