Common use of Organization; Power; Qualification Clause in Contracts

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 or in good standing could not reasonably be expected to result in a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 9 contracts

Samples: Credit Agreement (CoreCivic, Inc.), Credit Agreement (CoreCivic, Inc.), Term Loan Credit Agreement (CoreCivic, Inc.)

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Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 in jurisdictions where to the extent that the failure to so qualify or be so qualified or in good standing could not not, in the aggregate, reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a7.1(a).

Appears in 4 contracts

Samples: Credit Agreement (O Charleys Inc), Credit Agreement (O Charleys Inc), Credit Agreement (O Charleys Inc)

Organization; Power; Qualification. Each of the Parent Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 or in good standing could not reasonably be expected to result in a Material Adverse Effect. The jurisdictions in which the Parent Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Restatement Date are described on Schedule 6.1(a7.1(a).

Appears in 3 contracts

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

Organization; Power; Qualification. Each of the US Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 in jurisdictions where the failure to be so qualified or authorized, individually or in good standing the aggregate could not reasonably be expected excepted to result in have a Material Adverse Effect. The jurisdictions in which the US Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 3 contracts

Samples: Credit Agreement (SCP Pool Corp), Amendment to Credit Agreement (SCP Pool Corp), Credit Agreement (SCP Pool Corp)

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries each Subsidiary thereof is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 to the extent the failure to be so qualified and authorized to do business would not have or in good standing could would not be reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the each Borrower and its Restricted Subsidiaries are each Subsidiary thereof is organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 3 contracts

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc)

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 is duly qualified and authorized to do business in each other jurisdiction in which the character of its properties or the nature or transaction of its business requires such qualification and authorization authorization, except in jurisdictions where the a failure to be so qualified and authorized in another jurisdiction would not in any given case or in good standing could not reasonably be expected to result in the aggregate have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 2 contracts

Samples: Credit Agreement (Roanoke Electric Steel Corp), Credit Agreement (Roanoke Electric Steel Corp)

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 in jurisdictions where the failure to be so qualified or authorized, individually or in good standing the aggregate, could not reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly -45- 51 existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 in those jurisdictions where in which the failure to be so qualified or in good standing qualify could not reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Corrections Corporation of America)

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

Appears in 1 contract

Samples: Credit Agreement (Texfi Industries Inc)

Organization; Power; Qualification. Each of the Borrower 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, (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 obtain such qualification or in good standing authorization could not reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a7.1(a).

Appears in 1 contract

Samples: Credit Agreement (Hickory Tech Corp)

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Organization; Power; Qualification. Each of the Borrower and its Restricted Material 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 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 or in good standing could would not reasonably be expected to result in a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Organization; Power; Qualification. Each of the Borrower 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, (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 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 or in good standing could would not reasonably be expected to result in a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Organization; Power; Qualification. Each of the Borrower 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, (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 in jurisdictions where the failure to be so qualified or in good standing could not reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 in jurisdictions where to the extent that the failure to so qualify or be so qualified or in good standing could not not, in the aggregate, reasonably be expected to result in have a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a).

Appears in 1 contract

Samples: Credit Agreement (Radyne Corp)

Organization; Power; Qualification. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, 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 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 or in good standing could not reasonably be expected to result in a Material Adverse Effect. The jurisdictions in which the Borrower and its Restricted Subsidiaries are organized and qualified to do business as of the Closing Date are described on Schedule 6.1(a)) .

Appears in 1 contract

Samples: Credit Agreement (Aci Worldwide, Inc.)

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