Common use of Organization; Ownership; Power; Qualification Clause in Contracts

Organization; Ownership; Power; Qualification. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Borrower has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. Except as set forth on Schedule 4.l(a) attached hereto, each Restricted Subsidiary of the Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation and has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Borrower and each of its Restricted Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of their respective properties or the nature of their respective businesses requires such qualification or authorization, except where failure to be so qualified, in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Tower Systems Corp)

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Organization; Ownership; Power; Qualification. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Borrower has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. Except as set forth on Schedule 4.l(a4.1(a) attached hereto, each Restricted Subsidiary of the Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation and has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Borrower and each of its Restricted Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of their respective properties or the nature of their respective businesses requires such qualification or authorization, except where failure to be so qualified, in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Systems Corp), Loan Agreement (American Radio Systems Corp /Ma/)

Organization; Ownership; Power; Qualification. The Borrower is a corporation limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. The Borrower has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. Except as set forth on Schedule 4.l(a) attached hereto, each Restricted Each Subsidiary of the Borrower is a corporation or partnership duly organized, validly existing and in good standing under the laws of the state jurisdiction of its incorporation or formation, as the case may be, and has the corporate power or partnership power, as the case may be, and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Borrower and each of its Restricted the Borrower's Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of their respective properties or the nature of their respective businesses requires such qualification or authorization, authorization except where failure to so qualify and be so qualified, in the aggregate, could qualified would not reasonably be expected to have a Material Materially Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

Organization; Ownership; Power; Qualification. The Borrower is a --------------------------------------------- corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Borrower has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. Except as set forth on Schedule 4.l(a) 4 attached hereto, ---------- each Restricted Subsidiary of the Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation and has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Borrower and each of its Restricted Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of their respective properties or the nature of their respective businesses requires such qualification or authorization, except where failure to be so qualified, in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Parent Loan Agreement (American Tower Corp /Ma/)

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Organization; Ownership; Power; Qualification. The Borrower is a --------------------------------------------- corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Borrower has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. Except as set forth on Schedule 4.l(a) attached hereto3, each Restricted ---------- Subsidiary of the Borrower is a corporation or partnership duly organized, validly existing and in good standing under the laws of the state of its incorporation or formation, as the case may be, and has the corporate power or partnership power, as the case may be, and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Borrower and each of its the Restricted Subsidiaries are duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of their respective properties or the nature of their respective businesses requires such qualification or authorization, authorization except where failure to so qualify and be so qualified, in the aggregate, qualified could not reasonably be expected to have a Material Materially Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Teleport Communications Group Inc)

Organization; Ownership; Power; Qualification. The Each of the Parent and the Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Each of the Parent and the Borrower has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. Except as set forth on Schedule 4.l(a) attached hereto, each Restricted Each Subsidiary of the Borrower is a corporation Person duly organized, validly existing and in good standing under the laws of the state of its incorporation or formation and has the corporate power and authority to own its properties and to carry on its business as now being and as proposed hereafter to be conducted. The Parent has no Subsidiaries other than the Borrower and its Subsidiaries. The Borrower, each of its Restricted Subsidiaries and the Parent are duly qualified, in good standing and authorized to do business in each jurisdiction in which the character of their respective properties or the nature of their respective businesses requires such qualification or authorization, except where failure to be so qualified, in the aggregate, could not reasonably be expected to have a Material Materially Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Benedek Communications Corp)

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