Common use of Organization, Good Standing, Etc Clause in Contracts

Organization, Good Standing, Etc. Each Loan Party (i) is duly organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and authority to conduct the business in which it is currently engaged, and to execute and deliver this Waiver, and to consummate the transactions contemplated hereby and by the Credit Agreement, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which its ownership, lease or operation of Property or the conduct of its business requires such qualification, except where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

Organization, Good Standing, Etc. Each Loan Party (i) is duly organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and authority to conduct the business in which it is currently engaged, and to execute and deliver this WaiverAmendment, and to consummate the transactions contemplated hereby and by the Credit Agreement, as amended hereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which its ownership, lease or operation of Property or the conduct of its business requires such qualification, except where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

Organization, Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership duly formed or organized, as applicable, validly existing and in good standing (to the extent applicable) under the laws of the state or jurisdiction of its formation or organization, as applicable, (ii) has all requisite power and authority to conduct its business as now conducted and as presently contemplated and, in the business in which it is currently engagedcase of the Borrowers, to make the borrowings hereunder, and to execute and deliver this Waivereach Loan Document to which it is a party, and to consummate the transactions Transactions contemplated hereby and by the Credit Agreementthereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which its ownership, lease the character of the properties owned or operation of Property leased by it or in which the conduct transaction of its business requires makes such qualificationqualification necessary except, except with respect to this clause (iii), where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

Organization, Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership duly formed or organized, as applicable, validly existing and in good standing (to the extent applicable) under the laws of the state or jurisdiction of its formation or organization, as applicable, (ii) has all requisite power and authority to conduct its business as now conducted and as presently contemplated and, in the business in which it is currently engagedcase of the Borrower, to make the borrowings hereunder, and to execute and deliver this Waivereach Loan Document to which it is a party, and to consummate the transactions Transactions contemplated hereby and by the Credit Agreementthereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which its ownership, lease the character of the properties owned or operation of Property leased by it or in which the conduct transaction of its business requires makes such qualificationqualification necessary except, except with respect to this clause (iii), where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.