Common use of Organization, Qualification, Etc Clause in Contracts

Organization, Qualification, Etc. Each of the Companies (a) is a corporation, limited partnership or limited liability company, duly organized or formed, validly existing and in good standing under the laws of its state of organization or formation, all as specified in Schedule 4.02, (b) has the power and authority to own its properties and to carry on its business as now being conducted and as presently contemplated, (c) has the power and authority to execute and deliver, and perform its respective obligations under, this Agreement, the Notes and the Security Documents and all other Loan Documents contemplated hereby and (d) is duly qualified to transact business in the jurisdictions specified in such Schedule 4.02 and in each other jurisdiction where the nature of its activities requires such qualification. As of the Fourth Amendment Effective Date, none of the Companies has any Subsidiaries, except as described in Schedule 4.23.

Appears in 2 contracts

Samples: Credit Agreement (Pegasus Communications Corp /), Credit Agreement (Pegasus Communications Corp /)

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Organization, Qualification, Etc. Each of the Companies (a) is a corporation, limited partnership or limited liability company, duly organized or formed, validly existing and in good standing under the laws of its state of organization or formation, all as specified in Schedule 4.02, (b) has the power and authority to own its properties and to carry on its business as now being conducted and as presently contemplated, (c) has the power and authority to execute and deliver, and perform its respective obligations under, this Agreement, the Notes and the Security Documents and all other Loan Documents contemplated hereby and (d) is duly qualified to transact business in the jurisdictions specified in such Schedule 4.02 and in each other jurisdiction where the nature of its activities requires such qualification. As of the Fourth Amendment Effective Date, date of this Agreement none of the Companies has any Subsidiaries, except as described in Schedule 4.23.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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Organization, Qualification, Etc. Each of the Companies (a) is a corporation, limited partnership corporation or limited liability companypartnership, duly organized or formed, validly existing and in good standing under the laws of its state of organization or formation, all as specified in Schedule 4.02, (b) has the power and authority to own its properties and to carry on its business as now being conducted and as presently contemplated, (c) has the power and authority to execute and deliver, and perform its respective obligations under, this Agreement, the Notes and the Security Documents and all other Loan Documents contemplated hereby and (d) is duly qualified to transact business in the jurisdictions specified in such Schedule 4.02 and in each other jurisdiction where the nature of its activities requires such qualification. As of the Fourth Amendment Effective Date, date of this Agreement none of the Companies has any Subsidiaries, except as described in Schedule 4.23.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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