Common use of Organization; Corporate Powers Clause in Contracts

Organization; Corporate Powers. Each of the Company and its Subsidiaries is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except where the failure to do so would not have a Material Adverse Effect.

Appears in 10 contracts

Samples: Credit Agreement (Lanier Worldwide Inc), Credit Agreement (American National Can Group Inc), Credit Agreement (Trimble Navigation LTD /Ca/)

AutoNDA by SimpleDocs

Organization; Corporate Powers. Each of the Company and its Subsidiaries is duly organized, validly existing and and, to the extent such concept is applicable in the relevant jurisdiction, in good standing under the laws of its jurisdiction of formation formation, except where the failure to so be in good standing would not have a Material Adverse Effect, and has all requisite authority is qualified to conduct its business in each jurisdiction in which its business is conducted, except where the failure to do be so qualified would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Trimble Inc.), Credit Agreement (Trimble Inc.), Credit Agreement (Trimble Inc.)

Organization; Corporate Powers. Each of the Company and its Subsidiaries is duly organized, validly existing and and, to the extent such concept is applicable in the relevant jurisdiction, in good standing under the laws of its jurisdiction of formation (except in the case of Subsidiaries that are not Loan Parties where the failure to so be in good standing would not have a Material Adverse Effect) and has all requisite authority is qualified to conduct its business in each jurisdiction in which its business is conducted, except where the failure to do be so qualified would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Year Credit Agreement (Trimble Navigation LTD /Ca/), Assignment Agreement (Trimble Navigation LTD /Ca/), Credit Agreement (Trimble Navigation LTD /Ca/)

Organization; Corporate Powers. Each of the Company and its Subsidiaries is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation and has all requisite authority is qualified to conduct its business in each jurisdiction in which its business is conducted, except where the failure to do be so qualified would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Trimble Navigation LTD /Ca/), Credit Agreement (Trimble Navigation LTD /Ca/)

AutoNDA by SimpleDocs

Organization; Corporate Powers. Each of the Company and its Subsidiaries It is duly organized, validly existing and in good standing under the laws of its the jurisdiction of formation and its organization, has all requisite corporate power and authority to conduct carry on its business in as now conducted and has the corporate power and authority to execute, deliver and perform each jurisdiction in of this Guarantee and each agreement or instrument contemplated hereby or thereby to which its business it is conducted, except where the failure to do so would not have or will be a Material Adverse Effectparty.

Appears in 1 contract

Samples: Parent Guarantee (Us Home Systems Inc /Tx)

Time is Money Join Law Insider Premium to draft better contracts faster.