Common use of Organization; Requisite Power and Authority; Qualification; Other Names Clause in Contracts

Organization; Requisite Power and Authority; Qualification; Other Names. Each Credit Party (a) is duly organized or formed, validly existing and in good standing under the laws of the State of its organization, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party, and to carry out the transactions contemplated thereby and fulfill its Obligations thereunder, and (c) is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse Effect. Neither the Borrower nor the Company operates or does business under any assumed, trade or fictitious name other than, in the case of the Company, Opportunity Loans and Opp Loans. The Borrower has no Subsidiaries.

Organization; Requisite Power and Authority; Qualification; Other Names. Each Credit Party of the Borrower and CPS (a) is duly organized or formed, validly existing and in good standing under the laws of the State of its organization, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party, and to carry out the transactions contemplated thereby and fulfill its Obligations thereunder, and (c) is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse Effect. Neither the The Borrower nor the Company operates does not operate or does do business under any assumed, trade or fictitious name other than, in the case of the Company, Opportunity Loans and Opp Loansname. The Borrower has no Subsidiaries.

Organization; Requisite Power and Authority; Qualification; Other Names. Each Company Party and Credit Party (a) is duly organized or formed, validly existing and in good standing under the laws of the State its jurisdiction of its organizationorganization or formation, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party, party and to carry out the transactions contemplated thereby and fulfill its Obligations thereunderthereby, and (c) is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except except, in jurisdictions where the case of clauses (b) and (c) of this Section 4.1, to the extent failure to obtain such qualification would not reasonably be so qualified or in good standing has not had, and could not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. Neither the Borrower nor the No Credit Party or Company Party operates or does business under any assumed, trade or fictitious name other than, in the case of the Company, Opportunity Loans and Opp Loansname. The Borrower has no Subsidiaries.

Organization; Requisite Power and Authority; Qualification; Other Names. Each Credit Party (a) is duly organized or formed, validly existing and in good standing under the laws of the State of its organization, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party, and to carry out the transactions contemplated thereby and fulfill its Obligations thereunder, and (c) is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse Effect. Neither the Borrower nor the Company Commnet Wireless operates or does business under any assumed, trade or fictitious name other than, in the case of the Company, Opportunity Loans and Opp Loansname. The Borrower has no Subsidiaries.

Organization; Requisite Power and Authority; Qualification; Other Names. Each Credit Party The Borrower (a) is duly organized or formed, validly existing and in good standing under the laws of the State of its organization, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Loan Documents to which it is a party, and to carry out the transactions contemplated thereby and fulfill its Obligations thereunder, obligations thereunder and (c) is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse EffectEffect on the Borrower. Neither the The Borrower nor the Company operates does not operate or does do business under any assumed, trade or fictitious name other than, in the case of the Company, Opportunity Loans and Opp Loansname. The Borrower has no Subsidiaries.

Organization; Requisite Power and Authority; Qualification; Other Names. Each Credit Party (a) is duly organized or formed, validly existing and in good standing under the laws 52 of the State of its organization, (b) has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party, and to carry out the transactions contemplated thereby and fulfill its Obligations obligations thereunder, and (c) is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse Effect. Neither As of the Borrower nor date hereof, none of the Company Credit Parties operates or does business under any assumed, trade or fictitious name name, other than, in the case than as set forth on Schedule 4.1 (List of the Company, Opportunity Loans and Opp LoansDBAs). The Borrower has no Subsidiaries.