Common use of Organization; Power; Qualification Clause in Contracts

Organization; Power; Qualification. The Borrower is a limited partnership duly organized, validly existing and in good standing under the laws of Delaware, 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, the failure in which to so qualify or be authorized could reasonably be expected to have a Material Adverse Effect.

Organization; Power; Qualification. The Borrower is a Delaware limited partnership liability company duly organized, validly existing and in good standing under the laws of the state of Delaware, has the power and authority authority, to own or lease and operate its properties and to carry on its business businesses as now being and hereafter proposed to be conducted and is duly qualified and is in good standing as foreign limited liability company, and is authorized to do business business, in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and or authorization, the and on which failure in which to so qualify or be authorized could reasonably be expected to would have a Material Adverse EffectEffect on Borrower.

Organization; Power; Qualification. The Borrower is a limited partnership liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware, has the power power, legal right and authority to own its properties assets and to carry on its business operations as now being and hereafter proposed to be conducted and is duly qualified and is in good standing and authorized to do business in each jurisdiction in which the character of its properties assets or the nature of its business operations requires such qualification or authorization and authorization, the failure in which to be so qualify qualified or be authorized could is reasonably be expected likely to have a Material Adverse Effect.