Common use of Organization; Good Standing; Subsidiaries Clause in Contracts

Organization; Good Standing; Subsidiaries. Each Borrower and each Subsidiary of such Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such Borrower or any such Subsidiary. For the purposes hereof, good standing shall include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation and in each jurisdiction in which each Borrower transacts business. The Borrowers have no Subsidiaries except as set forth on EXHIBIT "G" hereto. EXHIBIT "G" sets forth with respect to each such Subsidiary, its name, address, place of incorporation, each state

Organization; Good Standing; Subsidiaries. Each Borrower and each Subsidiary of such each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationformation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such either Borrower or any such Subsidiary. For the purposes hereof, good standing shall include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation formation and in each jurisdiction in which each the Borrower transacts transact business. The Borrowers have no Subsidiaries except as set forth on EXHIBIT "G" Exhibit G hereto. EXHIBIT "G" Exhibit G sets forth with respect to each such Subsidiary, its name, address, place of incorporationformation, each statestate in which it is qualified as a foreign corporation, and the percentage ownership of its capital stock by the Borrowers.

Organization; Good Standing; Subsidiaries. Each Borrower and each Subsidiary of such Borrower the Borrowers is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such Borrower the Borrowers or any such Subsidiary. For the purposes hereof, good standing shall include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation and in each jurisdiction in which each Borrower transacts the Borrowers transact business. The Neither the Guarantor nor the Borrowers have no any Subsidiaries except as set forth on EXHIBIT "G" Exhibit G hereto. EXHIBIT "G" Exhibit G sets forth with respect to each such Subsidiary, its name, address, place of incorporation, each statestate in which it is qualified as a foreign corporation, and the percentage ownership of its capital stock by the Guarantor or the Borrowers.

Organization; Good Standing; Subsidiaries. Each Borrower The Company and each ----------------------------------------- Subsidiary of such Borrower the Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such Borrower the Company or any such Subsidiary. For the purposes hereof, good standing shall include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation and in each jurisdiction in which each Borrower the Company transacts business. The Borrowers have Company has no Subsidiaries except as set forth on EXHIBIT "G" Exhibit G hereto. EXHIBIT "G" Exhibit G sets forth with --------- --------- respect to each such Subsidiary, its name, address, place of incorporation, each statestate in which it is qualified as a foreign corporation, and the percentage ownership of its capital stock by the Company.

Organization; Good Standing; Subsidiaries. Each Borrower of the Borrowers and each Subsidiary of such Borrower the Borrowers is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such Borrower the Borrowers or any such Subsidiary. For the purposes hereof, good standing shall include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation and in each jurisdiction in which each Borrower transacts the Borrowers transact business. The Borrowers have no Subsidiaries except as set forth on EXHIBIT "G" Exhibit G hereto. EXHIBIT "G" Exhibit G sets forth with respect to each such Subsidiary, its name, address, place of incorporation, each statestate in which it is qualified as a foreign corporation, and the percentage ownership of its capital stock by the Borrowers.

Organization; Good Standing; Subsidiaries. Each Borrower of the Borrowers and each Subsidiary of such Borrower the Borrowers is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such Borrower the Borrowers or any such Subsidiary. For the purposes hereof, good standing shall include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation and in each jurisdiction in which each Borrower the Borrowers transacts business. The Borrowers have no Subsidiaries except as set forth on EXHIBIT "G" Exhibit G hereto. EXHIBIT "G" Exhibit G sets forth with respect to each such Subsidiary, its name, address, place of incorporation, each statestate in which it is qualified as a foreign corporation, and the percentage ownership of its capital stock by the Borrowers.

Organization; Good Standing; Subsidiaries. Each Borrower The Company and each ----------------------------------------- Subsidiary of such Borrower the Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the full legal power and authority to own its property and to carry on its business as currently conducted and is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary, except in jurisdictions, if any, where a failure to be in good standing has no material adverse effect on the business, operations, assets or financial condition of such Borrower the Company or any such Subsidiary. For the purposes hereof, good standing shall shall, include qualification for any and all licenses and payment of any and all taxes required in the jurisdiction of its incorporation and in each jurisdiction in which each Borrower the Company transacts business. The Borrowers have Company has no Subsidiaries except as set forth on EXHIBIT Exhibit "G" hereto. EXHIBIT Exhibit "G" sets forth with respect to each ----------- ----------- such Subsidiary, its name, address, place of incorporation, each statestate in which it is qualified as a foreign corporation, and the percentage ownership of the Company in such Subsidiary.