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 Washington, 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 8 contracts

Samples: Credit Agreement (Cray Inc), Credit Agreement (Cray Inc), Credit Agreement (Cray 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 Washington, 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 7 contracts

Samples: Credit Agreement (Expeditors International of Washington Inc), Credit Agreement (Itron Inc /Wa/), Credit Agreement (Westcoast Hospitality Capital Trust)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of WashingtonNew York, 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 except where the failure to so qualify or to be so licensed could would not have a material adverse effect on Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Vicon Industries Inc /Ny/), Credit Agreement (Vicon Industries Inc /Ny/), Credit Agreement (Vicon Industries Inc /Ny/)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the state of Washington, 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 3 contracts

Samples: Credit Agreement (Key Tronic Corp), Credit Agreement (Key Tronic Corp), Credit Agreement (Shoe Pavilion Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe state of New York, 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 3 contracts

Samples: Credit Agreement (Motorcar Parts & Accessories Inc), Credit Agreement (Motorcar Parts & Accessories Inc), Credit Agreement (Motorcar Parts & Accessories Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe state of Oregon, 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 3 contracts

Samples: Credit Agreement (In Focus Systems Inc), Credit Agreement (In Focus Systems Inc), Credit Agreement (Elmers Restaurants Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe Xxxxxxxx Islands, 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 (as defined in Section 3.2(b)).

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Gener8 Maritime, Inc.)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Washington, 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. Each Subsidiary Guarantor and Collateral Property Owner is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

Appears in 2 contracts

Samples: Credit Agreement (Red Lion Hotels CORP), Credit Agreement (Red Lion Hotels CORP)

Legal Status. Borrower is a corporationlimited liability company, duly organized and existing and in good standing under the laws of the state of Washington, 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 (Chalone Wine Group LTD), Credit Agreement (Chalone Wine Group LTD)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washington, Washington 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 (Sterling Financial Corp /Wa/)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe State of its organization set forth in the preamble to this Agreement, 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 the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Assuranceamerica Corp)

Legal Status. Borrower is a corporationCORPORATION, duly organized and existing and in good standing under the laws of Washingtonthe 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 (Gametech International Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe State of Utah, 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 (Evans & Sutherland Computer Corp)

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Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of WashingtonNew York, 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 1 contract

Samples: Term Loan Agreement (Vicon Industries Inc /Ny/)

Legal Status. Borrower is a corporation, corporation duly organized and existing and in good standing under the laws of WashingtonUtah, 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 (Evans & Sutherland Computer Corp)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe jurisdiction of its incorporation, 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 BorrowerMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Columbia Sportswear Co)

Legal Status. Borrower is a corporationbusiness entity, duly organized and existing and in good standing under the laws of Washingtonthe state of its organization, 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 (Fortress International Group, Inc.)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe State of New York, 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 (Motorcar Parts & Accessories Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the state of Washington, 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: Active Voice Corp

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonit's state of incorporation, 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 required, reasonably be expected to, 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 (First Consulting Group Inc)

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of Washingtonthe jurisdiction of its incorporation, 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 (Nexstar Pharmaceuticals Inc)

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