Common use of Organization, Power, Authority, etc Clause in Contracts

Organization, Power, Authority, etc. The Company is a corporation duly organized, validly existing and in good standing under the laws of the state of Delaware, is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction where the failure so to qualify would be reasonably likely to have a Materially Adverse Effect, and has full power and authority and holds all requisite governmental licenses, permits and other approvals to own and hold under lease its property and to conduct its business substantially as currently conducted by it where the failure to hold such licenses, permits, and other approvals would be reasonably likely to have a Materially Adverse Effect. Each other Obligor is a corporation duly incorporated or partnership duly formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation (to the extent applicable to partnerships in any such jurisdiction), is duly qualified to do business and is in good standing as a foreign corporation or partnership in each jurisdiction where the failure so to qualify would be reasonably likely to have a Materially Adverse Effect, and has full power and authority and holds all requisite governmental licenses, permits and other approvals to own and hold under lease its property and to conduct its business substantially as currently conducted by it where the failure to hold such licenses, permits, and other approvals would be reasonably likely to have a Materially Adverse Effect. Each of the Company and each other Obligor has full power and authority to execute, deliver and perform its Obligations under this Agreement, the Notes and each other Loan Document to which it is or is to be a party, to obtain Credit Extensions hereunder, and all other actions incidental thereto, as applicable.

Organization, Power, Authority, etc. The Company Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state State of Delaware, is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction where the failure so to qualify would be reasonably likely to have a Materially Material Adverse Effect, and has full power and authority and holds all requisite governmental licenses, permits and other approvals to own its assets and hold under lease its property and to conduct its business substantially as currently conducted by it where the failure to hold such licenses, permits, and other approvals would be reasonably likely to have a Materially Material Adverse Effect. Each other Obligor is a corporation duly incorporated incorporated, limited liability company duly formed or partnership duly formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation (to the extent applicable to partnerships or limited liability companies in any such jurisdiction), is duly qualified to do business and is in good standing as a foreign corporation corporation, limited liability company or partnership in each jurisdiction where the failure so to qualify would be reasonably likely to have a Materially Material Adverse Effect, and has full power and authority and holds all requisite governmental licenses, permits and other approvals to own its assets and hold under lease its property and to conduct its business substantially as currently conducted by it where the failure to hold such licenses, permits, and other approvals would be reasonably likely to have a Materially Material Adverse Effect. Each of the Company The Borrower and each other Obligor has full power and authority to execute, deliver and perform its Obligations obligations under this Agreement, the Notes and each other Loan Document to which it is or is to be a party, to obtain Credit Extensions hereunder, and all other actions incidental thereto, as applicable.

Organization, Power, Authority, etc. The Company Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state State of Delaware, is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction where the failure so to qualify would be reasonably likely to have a Materially Material Adverse Effect, and has full power and authority and holds all requisite governmental licenses, permits and other approvals to own its assets and hold under lease its property and to conduct its business substantially as currently conducted by it where the failure to hold such licenses, permits, and other approvals would be reasonably likely to have a Materially Material Adverse Effect. Each other Obligor is a corporation duly incorporated or partnership duly formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation (to the extent applicable to partnerships in any such jurisdiction), is duly qualified to do business and is in good standing as a foreign corporation or partnership in each jurisdiction where the failure so to qualify would be reasonably likely to have a Materially Material Adverse Effect, and has full power and authority and holds all requisite governmental licenses, permits and other approvals to own its assets and hold under lease its property and to conduct its business substantially as currently conducted by it where the failure to hold such licenses, permits, and other approvals would be reasonably likely to have a Materially Material Adverse Effect. Each of the Company The Borrower and each other Obligor has full power and authority to execute, deliver and perform its Obligations under this Agreement, the Notes and each other Loan Document to which it is or is to be a party, to obtain Credit Extensions hereunder, and all other actions incidental thereto, as applicable.