Common use of Legal Status Clause in Contracts

Legal Status. Borrower is duly organized and existing and in good standing under the laws of the jurisdiction indicated in this Agreement, and is qualified or licensed to do business in all jurisdictions in which such qualification or licensing is required and in which the failure to so qualify or to be so licensed could have a material adverse affect on Borrower.

Legal Status. Borrower is and shall at all times hereafter be duly organized and existing and in good standing under the laws of the jurisdiction indicated in this Agreementstate of its incorporation, and is qualified or licensed to do business business, and in good standing as a foreign corporation, if applicable, in all jurisdictions in which such qualification or licensing is required and in which the failure to so qualify or to be so licensed could have a material adverse affect on Borrowerrequired.

Legal Status. Borrower is duly organized and existing and in good ------------ standing under the laws of the jurisdiction indicated in this Agreement, and is qualified or licensed to do business in all jurisdictions in which such qualification or licensing is required and in which the failure to so qualify or to be so licensed could have a material adverse affect on Borrower.

Legal Status. Borrower is Borrowers are duly organized and existing and in good ------------ standing under the laws of the jurisdiction indicated state in this Agreementwhich they are incorporated, and is are qualified or licensed to do business in all jurisdictions in which such qualification or licensing is required and in which the failure to so qualify or to be so licensed could have a material adverse affect on BorrowerBorrowers.