Common use of Organization; Powers; Governmental Approvals Clause in Contracts

Organization; Powers; Governmental Approvals. (a) The Borrower and each Principal Subsidiary (1) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (2) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (3) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a Material Adverse Effect. The Borrower’s execution, delivery and performance of the Loan Documents are within its corporate powers, have been duly authorized by all necessary action and do not violate or create a default under (i) law, (ii) its constituent documents, or (iii) any contractual provision binding upon it, except to the extent (in the case of violations or defaults described under clauses (i) or (iii)) such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity, binding effect or enforceability of this Agreement or any other Loan Documents and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan Documents. Each of the Loan Documents constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights of creditors generally and general principles of equity, including an implied covenant of good faith and fair dealing).

Organization; Powers; Governmental Approvals. (a) The Borrower and each Principal Subsidiary (1i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (2ii) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (3iii) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a Material Adverse Effect. The Borrower’s 's execution, delivery and performance of the Loan Documents this Agreement are within its corporate powers, have been duly authorized by all necessary action and do not violate or create a default under (iA) law, (iiB) its constituent documents, or (iiiC) any contractual provision binding upon it, except to the extent (in the case of violations or defaults described under clauses (iA) or (iiiC)) where such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity, binding effect or enforceability of this Effect. This Agreement or any other Loan Documents and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan Documents. Each of the Loan Documents constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights of creditors generally and general principles of equity, including an implied covenant of good faith and fair dealing).

Organization; Powers; Governmental Approvals. (a) The Borrower and each Principal Subsidiary (1i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (2ii) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (3iii) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a Material Adverse Effect. The Borrower’s 's execution, delivery and performance of the Loan Documents are within its corporate powers, have been duly authorized by all necessary action and do not violate or create a default under (iA) law, (iiB) its constituent documents, or (iiiC) any contractual provision binding upon it, except to the extent (in the case of violations or defaults described under clauses (iA) or (iiiC)) where such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity, binding effect or enforceability of this Agreement or any other Loan Documents and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan DocumentsEffect. Each of the Loan Documents constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights of creditors generally and general principles of equity, including an implied covenant of good faith and fair dealing).

Organization; Powers; Governmental Approvals. (a) The Borrower and each Principal Subsidiary (1i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (2ii) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (3iii) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a Material Adverse Effect. The Borrower’s execution, delivery and performance of the Loan Documents are within its corporate powers, have been duly authorized by all necessary action and do not violate or create a default under (iA) law, (iiB) its constituent documents, or (iiiC) any contractual provision binding upon it, except to the extent (in the case of violations or defaults described under clauses (iA) or (iiiC)) where such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity, binding effect or enforceability of this Agreement or any other Loan Documents and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan DocumentsEffect. Each of the Loan Documents constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights of creditors generally and general principles of equity, including an implied covenant of good faith and fair dealing).

Organization; Powers; Governmental Approvals. (a) The Borrower and each Principal Subsidiary (1i) is a corporation duly organized, validly existing and in good standing under the laws Laws of the jurisdiction of its organization, (2ii) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (3iii) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a Material Adverse Effect. The Borrower’s execution, delivery and performance of the Loan Documents are within its corporate powers, have been duly authorized by all necessary action and do not violate or create a default under (iA) applicable law, (iiB) its constituent documents, or (iiiC) any contractual provision binding upon it, except to the extent (in the case of violations or defaults described under clauses (iA) or (iiiC)) such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity, binding effect or enforceability of this Agreement or any other Loan Documents and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan Documents. Each of the Loan Documents constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and other laws Laws affecting the rights of creditors generally and general principles of equity, including an implied covenant of good faith and fair dealing).

Organization; Powers; Governmental Approvals. (aA) The Borrower and each Principal Subsidiary (1i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (2ii) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and (3iii) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not have a Material Adverse Effect. The Borrower’s execution, delivery and performance of the Loan Documents are within its corporate powers, have been duly authorized by all necessary action and do not violate or create a default under (ia) law, (iib) its constituent documents, or (iiic) any contractual provision binding upon it, except to the extent (in the case of violations or defaults described under clauses (ia) or (iiic)) where such violation or default would not reasonably be expected to result in a Material Adverse Effect and would not have an adverse effect on the validity, binding effect or enforceability of this Agreement or any other Loan Documents and would not materially adversely affect any of the rights of the Administrative Agent or any Lender under or in connection with this Agreement or any other Loan DocumentsEffect. Each of the Loan Documents constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting the rights of creditors generally and general principles of equity, including an implied covenant of good faith and fair dealing).