Common use of Organization; Power and Authority Clause in Contracts

Organization; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of New Jersey, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds and the other Bond Document and to perform the provisions hereof and thereof. Section 5.2.

Appears in 3 contracts

Samples: Purchase Agreement (Atlantic City Electric Co), Bond Purchase Agreement (Delmarva Power & Light Co /De/), Bond Purchase Agreement (Atlantic City Electric Co)

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Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which except where the failure to be so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Agreement and the other Bond Document Notes and to perform the provisions hereof and thereof. Section 5.2.

Appears in 3 contracts

Samples: Note Purchase Agreement (Barings BDC, Inc.), Note Purchase Agreement (Barings BDC, Inc.), Barings Capital Investment Corp

Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which except where the failure to be do so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Agreement and the other Bond Document Notes and to perform the provisions hereof and thereof. Section 5.2.

Appears in 3 contracts

Samples: Master Note Purchase Agreement (Bain Capital Specialty Finance, Inc.), Purchase Agreement (Hercules Capital, Inc.), Note Purchase Agreement (Hercules Capital, Inc.)

Organization; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, Agreement and the Bonds and the other Bond Document and to perform the provisions hereof and thereof. Section 5.2.

Appears in 2 contracts

Samples: Bond Purchase Agreement (Centerpoint Energy Inc), Bond Purchase Agreement (Centerpoint Energy Inc)

Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyorganization, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this AgreementAgreement and the Other Agreements, the Bonds Notes and the other Bond Document Warrants and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Note Purchase Agreement (Flow International Corp)

Organization; Power and Authority. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Agreement and the other Bond Document Notes and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Note Purchase Agreement

Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transacttransacts, to execute and deliver this Agreement, the Bonds Agreement and the other Bond Document Note and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Guaranty Agreement (Otter Tail Corp)

Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Agreement and the other Bond Document Notes and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Master Note Purchase Agreement (Perrigo Co)

Organization; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of New JerseyDelaware, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Notes and the any other Bond Note Document and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Pepco Holdings Inc

Organization; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of New JerseyWashington, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Notes, the Supplemental Indenture and the other Bond Document Indenture and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Note Purchase Agreement (Cascade Natural Gas Corp)

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Organization; Power and Authority. The Company is a corporation duly organized incorporated and validly existing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Agreement and the other Bond Document Notes and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Hub International (Hub International LTD)

Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease lease, the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transacttransacts, to execute and deliver this Agreement, the Bonds and the other Bond Document Supplement (and had the corporate power and authority to execute and deliver the Indenture at the time of execution and delivery thereof) and to perform the provisions hereof of this Agreement and thereof. Section 5.2the other Financing Agreements.

Appears in 1 contract

Samples: Bond Purchase Agreement (Public Service Co of New Mexico)

Organization; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of New Jersey, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds and the other Bond Document and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Bond Purchase Agreement (Atlantic City Electric Co)

Organization; Power and Authority. The Company is a corporation duly organized and organized, validly existing and in good standing under the laws of the State its jurisdiction of New Jerseyincorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, and to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds Notes and the other Bond Document Note Purchase Documents and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Note Purchase Agreement (Environmental Power Corp)

Organization; Power and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of New Jersey, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, the Bonds and the any other Bond Document and to perform the provisions hereof and thereof. Section 5.2.

Appears in 1 contract

Samples: Purchase Agreement (Atlantic City Electric Co)

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