Common use of Organization and Qualifications Clause in Contracts

Organization and Qualifications. (a) Borrower is a corporation duly organized and existing under the laws of the State of Delaware. (b) Borrower is qualified to do business in New York and in every other jurisdiction where the nature of its business requires it to be so qualified and where failure to so qualify might have a Material Adverse Effect.

Organization and Qualifications. (a) Borrower is a corporation duly organized and existing under the laws of the State of DelawareNew York. (b) Borrower is qualified to do business in New York and in every other jurisdiction where the nature of its business requires it to be so qualified and where failure to so qualify might have a Material Adverse Effect.