Common use of Organization and Powers Clause in Contracts

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and its Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)) as of the Amendment Date). Each of Borrower and its Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries the Borrowers is a limited liability company, corporation or partnership company duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on as specified in Schedule 5.3(A))4.1A annexed hereto. Each of Borrower and its Subsidiaries the Borrowers has all requisite legal limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into each the Loan Document Documents and the other Operative Documents to which it is a party and to carry out its respective obligations with respect theretothe transactions contemplated thereby.

Organization and Powers. Each of the Borrower and its Subsidiaries is a corporation, limited liability company, corporation company or partnership duly organizedorganized or formed, as the case may be, validly existing and in good standing under the laws of its the jurisdiction of organization its incorporation or incorporation (formation, is qualified to do business and is in good standing in each jurisdiction in which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower the failure so to qualify or be in good standing would result in a Material Adverse Effect and its Subsidiaries has all requisite legal power and authority to own its assets and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out execute, deliver and perform its respective obligations with respect theretounder the Loan Documents.

Organization and Powers. Each of Borrower and its Subsidiaries is a are limited liability companycompanies, corporation corporations or partnership partnerships duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Except as disclosed on Schedule 5.3(A), Borrower and its Subsidiaries has have all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A))incorporation. Each of Borrower and its Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and its Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and each of its Subsidiaries is a corporation, limited liability company, corporation company or limited partnership duly incorporated or organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization or incorporation (which jurisdiction is set forth on as specified in Schedule 5.3(A))4.1 annexed hereto. Each of Borrower and each of its Subsidiaries has all requisite legal corporate, limited liability company or limited partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into each Loan Document to which it is a party this Agreement and to carry out its respective obligations with respect theretothe transactions contemplated thereby.

Organization and Powers. Each of Borrower and its Significant Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)) as of the Closing Date). Each of Borrower and its Significant Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and its Restricted Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and each of its Restricted Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and each of its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A))incorporation. Each of Borrower and each of its Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.

Organization and Powers. Each of Borrower and its ----------------------- Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and its Subsidiaries has all requisite legal power and authority to own and operate its properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to carry out its respective obligations with respect thereto.