Common use of Organization, Legal Existence Clause in Contracts

Organization, Legal Existence. The Borrower and each of its subsidiaries are legal entities duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective organization, have the requisite power and authority to own their property and assets and to carry on their business as now conducted and as currently proposed to be conducted and are qualified to do business in every jurisdiction where such qualification is required, except where the failure to so qualify would not have a Material Adverse Effect (all such jurisdictions being listed in Schedule 4.01 annexed hereto). The Borrower has the corporate power to execute, deliver and perform its obligations under this Agreement and the other Loan Documents to which it is a party, and to borrow hereunder and to execute and deliver the Notes.

Organization, Legal Existence. The Borrower Each of the Loan Parties and each of its their subsidiaries are is a legal entities entity duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective its organization, have has the requisite power and authority to own their its property and assets and to carry on their its business as now conducted and as currently proposed to be conducted and are is qualified to do business in every jurisdiction where such qualification is required, except where the failure to so qualify would not have a Material Adverse Effect required (all such jurisdictions being listed in Schedule 4.01 annexed hereto). The Borrower Each of the Borrowers has the corporate power to execute, deliver and perform its obligations under this Agreement and the other Loan Documents to which it is a party, and with respect to the Borrowers to borrow hereunder and to execute and deliver the Notes.

Organization, Legal Existence. The Borrower and each of its subsidiaries are legal entities duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective organization, have the requisite power and authority to own their property and assets and to carry on their business as now conducted and as currently proposed to be conducted and are qualified to do business in every jurisdiction where such qualification is required, required (all such jurisdictions being listed in Schedule 4.01 annexed hereto) except where the failure to so qualify would not have a Material Adverse Effect (all such jurisdictions being listed in Schedule 4.01 annexed hereto)Effect. The Borrower has the corporate power to execute, deliver and perform its obligations under this Agreement and the other Loan Documents to which it is a party, and to borrow hereunder and to execute and deliver the Notes.

Organization, Legal Existence. The Each Borrower and each of its subsidiaries are legal entities is a limited partnership or corporation, as the case may be, duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective its organization, have has the requisite power and authority to own their its property and assets and to carry on their its business as now conducted and as currently proposed to be conducted and are is qualified or registered to do business in every jurisdiction where such qualification or registration is required, except where the failure to so qualify would not have a Material Adverse Effect required (all such jurisdictions being listed in Schedule 4.01 annexed hereto), unless failure to so qualify shall not have a Material Adverse Effect. The Borrower Each of the Borrowers has the corporate power to execute, deliver and perform its obligations under this Agreement and the other Loan Documents to which it is a party, and to borrow hereunder and to execute and deliver the Notes.

Organization, Legal Existence. The Each Borrower and each of its their subsidiaries are is a legal entities entity duly organized, validly existing and in good standing under the laws of the jurisdiction of their respective its organization, have has the requisite power and authority to own their its property and assets and to carry on their its business as now conducted and as currently proposed to be conducted and are is qualified to do business in every jurisdiction where such qualification is required, except where the failure to so qualify would not have a Material Adverse Effect required (all such jurisdictions being listed in Schedule 4.01 annexed hereto), except where the failure to be qualified would not have a Material Adverse Effect. The Each Borrower has the corporate power to execute, deliver and perform its obligations under this Agreement and the other Loan Documents to which it is a party, and to borrow hereunder and to execute and deliver the Notes.