Common use of Material Subsidiaries Clause in Contracts

Material Subsidiaries. Each of the Borrower's Material Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Material Subsidiaries. Each of the such Borrower's Material Subsidiaries is a corporation or other legal entity duly incorporatedincorporated or formed, validly existing and in good standing under the laws of its jurisdiction of incorporationincorporation or formation, and has all corporate or partnership powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Material Subsidiaries. Each of the Borrower's Material Subsidiaries is a corporation duly incorporatedincorporated and validly existing, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

Material Subsidiaries. Each of the such Borrower's Material Subsidiaries is a corporation or other legal entity duly incorporatedincorporated or formed, validly existing and in good standing under the laws of its jurisdiction of incorporationincorporation or formation, and has all corporate or partnership powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.. 32 28