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

Organization; Requisite Power and Authority; Qualification; Other Names. Each corporate Credit Party (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (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 and perform its obligations under each Credit Document, and (c) is qualified to do business and is in good standing in every jurisdiction wherever necessary to carry out its business.