Common use of Legal Status Clause in Contracts

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 26 contracts

Samples: Credit Agreement, Credit Agreement (Chegg, Inc), Credit Agreement (Sigmatron International Inc)

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Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the state of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 19 contracts

Samples: Credit Agreement (Ambassadors Group Inc), Credit Agreement (Rotonics Manufacturing Inc/De), Credit Agreement (Rotonics Manufacturing Inc/De)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 18 contracts

Samples: Credit Agreement (Garden Fresh Restaurant Corp /De/), Credit Agreement (Natural Alternatives International Inc), Credit Agreement (First Consulting Group Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could reasonably be expected to have a material adverse effect on Borrower.

Appears in 7 contracts

Samples: Credit Agreement (Marcus & Millichap, Inc.), Credit Agreement (Pfenex Inc.), Credit Agreement (Globus Medical Inc)

Legal Status. Borrower is a corporation, corporation duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (business, and is in good standing as a foreign corporationstanding, if applicable) in all jurisdictions in which such qualification or licensing it conducts its business. Guarantor is required or an entity as described on Attachment "A", organized and existing under the laws set forth on Attachment "A", and is qualified to do business, and is in good standing, in all jurisdictions in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrowerit conducts its business.

Appears in 4 contracts

Samples: Loan Agreement (Total Entertainment Restaurant Corp), Loan Agreement (Total Entertainment Restaurant Corp), Loan Agreement (Total Entertainment Restaurant Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or required, except in those states in which the failure to so qualify or to be so licensed could not reasonably be expected to have a material adverse effect on Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Power Integrations Inc), Credit Agreement (Power Integrations Inc), Credit Agreement (Power Integrations Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required necessary or in which desirable if the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Saba Software Inc), Credit Agreement (E Loan Inc)

Legal Status. Borrower is a corporationlimited partnership, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporationpartnership, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so qualified or licensed could have a material adverse effect on Borrower.

Appears in 2 contracts

Samples: Credit Agreement (America First Multifamily Investors, L.P.), Credit Agreement (America First Multifamily Investors, L.P.)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on BorrowerMaterial Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Natus Medical Inc), Credit Agreement (Natus Medical Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrowerrequired.

Appears in 2 contracts

Samples: Credit Agreement (Ihop Corp), Credit Agreement (Ihop Corp)

Legal Status. Borrower is a profit corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in the State of Utah and in all other jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Consonus Technologies, Inc.), Credit Agreement (Consonus Technologies, Inc.)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on BorrowerMaterial Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Plantronics Inc /Ca/), Credit Agreement (Plantronics Inc /Ca/)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could reasonably be expected to have a material adverse effect on Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Corio Inc), Credit Agreement (Micrus Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, the State of Delaware and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Staar Surgical Company), Credit Agreement (Staar Surgical Company)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) } in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Symmetricom Inc), Credit Agreement (Symmetricom Inc)

Legal Status. Borrower is a corporation, duly organized incorporated and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or qualify, to be so licensed or to be in good standing could reasonably be expected to have a material adverse effect on the financial condition of Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Lindsay Corp), Credit Agreementphic (Lindsay Manufacturing Co)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrowerthe financial condition or operations of Borrower (“Material Adverse Effect”).

Appears in 1 contract

Samples: Credit Agreement (Lexar Media Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the state of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could could, with reasonable likelihood, have a material adverse effect on BorrowerBEI and its Restricted Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Bei Technologies Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect Material Adverse Effect. All of the Subsidiaries of Borrower in existence as of the Closing Date are listed on BorrowerSchedule 3.1 hereto.

Appears in 1 contract

Samples: Credit Agreement (Natus Medical Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, the state of Delaware and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Laser Power Corp/Fa)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in Texas, and all other jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Allis Chalmers Corp)

Legal Status. Borrower is a corporation, corporation duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (business, and is in good standing as a foreign corporationstanding, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrowerit conducts its business.

Appears in 1 contract

Samples: Loan Agreement (Lone Star Steakhouse & Saloon Inc)

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Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dot Hill Systems Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if it applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Fallbrook Technologies Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in in-which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hypercom Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower. SECTION 2.2.

Appears in 1 contract

Samples: Credit Agreement (Medtox Scientific Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could reasonably be expected have a material adverse effect on Material Adverse Effect. Borrower’s organizational number issued by its state of incorporation is 2648991.

Appears in 1 contract

Samples: Credit Agreement (Cerus Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dionex Corp /De)

Legal Status. Borrower is a corporationlimited liability company, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Allis Chalmers Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the state of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or and in which the failure to so qualify or to be so licensed could have a material adverse effect on BorrowerBorrower and its subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Cerprobe Corp)

Legal Status. Borrower is a corporationlimited liability company, duly organized and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Amended and Restated Credit Agreement (Tile Shop Holdings, Inc.)

Legal Status. Borrower is a corporation, duly organized incorporated and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dynamic Materials Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the state of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or except where the failure to be so licensed could is not reasonably likely to have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Natural Wonders Inc)

Legal Status. Borrower is a corporation, duly organized incorporated and existing and in good standing under the laws of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which required, except where the failure to so qualify or to be so licensed could have not reasonably be expected to result in a material adverse effect on BorrowerMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Linear Technology Corp /Ca/)

Legal Status. Borrower is a corporationlimited liability company, duly organized and existing and in good standing under the laws of the State of Delaware, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Appears in 1 contract

Samples: Coors John K

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