Common use of Material Subsidiaries Clause in Contracts

Material Subsidiaries. Each Material Subsidiary 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 Material Subsidiary is a corporation duly incorporatedorganized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and ; has all requisite corporate powers power and all material governmental licensesauthority to own, authorizations, consents lease and approvals required operate its properties and to carry on its business as now being conducted, and is duly qualified as a foreign corporation in all jurisdictions in which it is required to be so qualified.

Material Subsidiaries. Each Material Subsidiary 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. The exact legal name and state of organization of the Borrower is as set forth on the signature page hereto.