Common use of Organization Standing and Power Charter Documents Subsidiaries Clause in Contracts

Organization Standing and Power Charter Documents Subsidiaries. (a) Organization; Standing and Power. The Company and each of its Subsidiaries is a corporation, limited liability company or other legal entity duly organized, validly existing and in good standing (with respect to jurisdictions that recognize the concept of good standing) under the Laws of its jurisdiction of organization, and has the requisite corporate, limited liability company or other organizational, as applicable, power and authority to own, lease and operate its assets and to carry on its business as now conducted. Each of the Company and its Subsidiaries is duly qualified or licensed to do business as a foreign corporation, limited liability company or other legal entity, as applicable, and is in good standing (with respect to jurisdictions that recognize the concept of good standing) in each jurisdiction where the character of the assets and properties owned, leased or operated by it or the nature of its business makes such qualification or license necessary, except where the failure to be so qualified or licensed or to be in good standing, would not reasonably be expected to result in, individually or in the aggregate, a Company Material Adverse Effect.

Organization Standing and Power Charter Documents Subsidiaries. (a) Organization; Standing and Power. The Company and each of its Subsidiaries is a corporation, limited liability company or other legal entity corporation duly organized, validly existing existing, and in good standing (with respect to jurisdictions the extent that recognize the concept of “good standing” is applicable in the case of any jurisdiction outside the United States) under the Laws of its jurisdiction of organization, and has the requisite corporate, limited liability company or other organizational, as applicable, corporate power and authority to own, lease lease, and operate its assets and to carry on its business as now conducted. Each of the The Company and its Subsidiaries is duly qualified or licensed to do business as a foreign corporation, limited liability company company, or other legal entity, as applicable, entity and is in good standing (with respect to jurisdictions the extent that recognize the concept of “good standing” is applicable in the case of any jurisdiction outside the United States) in each jurisdiction where the character of the assets and properties owned, leased leased, or operated by it or the nature of its business makes such qualification or license necessary, except where the failure to be so qualified or licensed or to be in good standing, would not reasonably be expected to result inhave, individually or in the aggregate, a Company Material Adverse Effect.

Organization Standing and Power Charter Documents Subsidiaries. (a) Organization; Standing and Power. The Company and each of its Subsidiaries is a corporation, limited liability company company, or other legal entity duly organized, validly existing existing, and in good standing (with respect to jurisdictions that recognize the concept of good standing) under the Laws of its jurisdiction of organization, and has the requisite corporate, limited liability company company, or other organizational, as applicable, power and authority to own, lease lease, and operate its assets and to carry on its business as now conducted. Each of the Company and its Subsidiaries is duly qualified or licensed to do business as a foreign corporation, limited liability company company, or other legal entity, as applicable, entity and is in good standing (with respect to jurisdictions that recognize the concept of good standing) in each jurisdiction where the character of the assets and properties owned, leased leased, or operated by it or the nature of its business makes such qualification or license necessary, except where the failure to be so qualified or licensed or to be in good standing, would not reasonably be expected to result inhave, individually or in the aggregate, a Company Material Adverse Effect.