Common use of Organization, Powers, Etc Clause in Contracts

Organization, Powers, Etc. Each Loan Party: (a) is duly organized, validly existing and in good standing under the laws of its state of incorporation, which state is correctly set forth in the Introduction hereto (i.e., first paragraph of this Agreement); (b) has the power and authority to carry on its business as now conducted and to own or hold under lease the assets and properties it purports to own or hold under lease; (c) is duly qualified, licensed or registered to transact its business and in good standing in every jurisdiction in which it purports to or carries on its business or holds under lease any of its assets and properties; (d) has the power and authority to execute and deliver this Agreement and each of the other Loan Instruments to which it is or will be a party and to perform all of its obligations hereunder and thereunder; and (e) has its executive office and principal place of business at the address set forth in the Introduction, which has been so since its organization.

Organization, Powers, Etc. Each Loan PartyThe Purchaser: (a) is duly organized, validly existing and in good standing under the laws of its state of incorporation, which state is correctly set forth in the Introduction hereto (i.e., first paragraph of this Agreement); (b) has the power and authority to carry on its business as now conducted and to own or hold under lease the assets and properties it purports to own or hold under lease; (c) is duly qualified, licensed or registered to transact its business and in good standing in every jurisdiction in which it purports to or carries on its business or holds under lease any of its assets and propertiesproperties and the failure to do so would be reasonably likely to have a Material Adverse Effect; and (d) has the corporate power and authority to execute and deliver this Agreement and each of the other Loan Instruments Purchase Documents to which it is or will be a party and to perform all of its obligations hereunder and thereunder; and (e) has its executive office and principal place of business at the address set forth in the Introduction, which has been so since its organization.

Organization, Powers, Etc. Each Loan PartyThe Seller: (a) is duly organized, validly existing and in good standing under the laws of its state of incorporation, which state is correctly set forth in the Introduction hereto (i.e., first paragraph of this Agreement); (b) has the power and authority to carry on its business as now conducted and to own or hold under lease the assets and properties it purports to own or hold under lease; (c) is duly qualified, licensed or registered to transact its business and in good standing in every jurisdiction in which it purports to or carries on its business or holds under lease any of its assets and propertiesproperties and the failure to do so would be reasonably likely to have a Material Adverse Effect; and (d) has the corporate power and authority to execute and deliver this Agreement and each of the other Loan Instruments Purchase Documents to which it is or will be a party and to perform all of its obligations hereunder and thereunder; and (e) has its executive office and principal place of business at the address set forth in the Introduction, which has been so since its organization.