Common use of Organization; Power; Qualification Clause in Contracts

Organization; Power; Qualification. The Borrower is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is located.

Appears in 4 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing (or its equivalent) under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the such failure to be so qualified and authorized qualify could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 4 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Credit Agreement (Wackenhut Corrections Corp)

Organization; Power; Qualification. The Borrower is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project Hospital is located.

Appears in 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Organization; Power; Qualification. The Each of the Borrower is and its Restricted Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, formation and (ii) except to the extent as could not reasonably be expected to have a Material Adverse Effect, has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effectauthorization. The jurisdictions in which the Borrower is and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 3 contracts

Samples: Credit Agreement (DRS Technologies Inc), Credit Agreement (Paravant Inc), Credit Agreement (Paravant Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and or authorized could would not reasonably be expected to have a Material Adverse EffectEffect on the Borrower and its Subsidiaries. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 3 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties Properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties Properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and authorized or in good standing could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 3 contracts

Samples: Credit Agreement (Aci Worldwide, Inc.), Credit Agreement (Aci Worldwide, Inc.), Credit Agreement (Aci Worldwide, Inc.)

Organization; Power; Qualification. The Borrower Each of the Borrower, its Subsidiaries, the Parent and the General Partner is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could qualify would not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 3 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Organization; Power; Qualification. The Each of the Borrower is and its Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect, is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effectauthorization. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do a material portion of their business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 3 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Organization; Power; Qualification. The Each of the Borrower is and its Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could would not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 3 contracts

Samples: Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized qualify could not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)

Organization; Power; Qualification. The Each of the Borrower is and its Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and (iii) authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could would not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Blackbaud Inc), Credit Agreement (Blackbaud Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and authorized or in good standing could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Digital Generation Systems Inc), Credit Agreement (Digital Generation Systems Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and authorized or in good standing could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Cross Country Healthcare Inc), Credit Agreement (Cross Country Healthcare Inc)

Organization; Power; Qualification. The Each of the Borrower is and its Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect, is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effectauthorization. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Organization; Power; Qualification. The Borrower Each of the Borrower, its Subsidiaries, the Parent and the General Partner is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could qualify would not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on SCHEDULE 6.1(A).

Appears in 2 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Organization; Power; Qualification. The Borrower Each of the Borrowers and their Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and authorized or in good standing could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is Borrowers and their Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Tekelec), Credit Agreement (Tekelec)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and or authorized could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locatedlisted on Schedule 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (Globalstar, Inc.)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and or authorized could not reasonably be expected to have a Material Adverse EffectEffect on the Borrower and its Subsidiaries. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Organization; Power; Qualification. The Borrower Each of the Borrower, its Subsidiaries, the Parent and the General Partner is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could qualify would not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on SCHEDULE 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Suburban Propane Partners Lp)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties Properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties Properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and authorized or in good standing could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (idescribed on Schedule 6.1(a) its state of formation and (ii) the state in which the Project is located.

Appears in 1 contract

Samples: Credit Agreement (Aci Worldwide, Inc.)

Organization; Power; Qualification. The Each of the Borrower is and its Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could would not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

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Organization; Power; Qualification. The Each of the Borrower is and its Restricted Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 43 formation and (ii) except to the extent as could not reasonably be expected to have a Material Adverse Effect, has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effectauthorization. The jurisdictions in which the Borrower is and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on SCHEDULE 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its respective properties and to carry on its business respective businesses as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its respective properties or the nature of its business respective businesses requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on SCHEDULE 7.1(A).

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Rural Metro Corp /De/)

Organization; Power; Qualification. The Borrower and each of its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could would not be reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower and each of its Subsidiaries is organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Organization; Power; Qualification. The Each of the Domestic Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Domestic Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do where their principal places of business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locatedlocated are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

Organization; Power; Qualification. The Each of the Borrower and its Material Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could qualify is not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Material Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (United Companies Financial Corp)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified obtain such qualification and authorized authorization could not reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of on the Closing Date date hereof are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not be reasonably be expected to have a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries as of the Closing Date are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Bulk Terminals Inc)

Organization; Power; Qualification. The Each of the Borrower is and its Restricted Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, formation and (ii) except to the extent as could not reasonably be expected to have a Material Adverse Effect, has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effectauthorization. The jurisdictions in which the Borrower is and its Restricted Subsidiaries are organized and qualified to do business as of the Amendment and Restatement Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and authorized or in good standing could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Transaction Systems Architects Inc)

Organization; Power; Qualification. The Each of the Borrower and its Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except in jurisdictions where the failure to be so qualified and or authorized could not reasonably be expected to have result in a Material Adverse Effect. The jurisdictions in which the Borrower is and its Subsidiaries are organized and qualified to do business as of the Amended and Restated Closing Date are only (i) its state of formation and (ii) the state in which the Project is locatedlisted on Schedule 7.1(a).

Appears in 1 contract

Samples: Credit Agreement (Globalstar, Inc.)

Organization; Power; Qualification. The Each of the Borrower is and its Restricted Subsidiaries (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, formation and (ii) except to the extent as could not reasonably be expected to have a Material Adverse Effect, has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization except where the failure to be so qualified and authorized could not reasonably be expected to have a Material Adverse Effectauthorization. The jurisdictions in which the Borrower is and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on SCHEDULE 7.1(A).

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Organization; Power; Qualification. The Each of the Borrower and its Restricted Subsidiaries is (i) duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (ii) has the power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and (iii) is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the 48 nature of its business requires such qualification and authorization authorization, except where the failure to be so qualified and authorized could will not reasonably be expected to have a Material Adverse Effect. The As of the Closing Date, the jurisdictions in which the Borrower is and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are only (i) its state of formation and (ii) the state in which the Project is locateddescribed on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Lci International Inc /Va/)

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