Organizationand Qualification. The Sponsor is duly incorporated and validly existing as a corporation in good standing under the laws of the State of Delaware. The Sponsor is qualified as a foreign corporation in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires such qualification, license or approval, unless the failure to obtain such qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Sponsor's ability to perform its obligations under this Agreement.
Organizationand Qualification. The Depositoris duly organized and validly existing as a limited liability company in good standing under the laws of the State of Delaware. The Depositoris qualified as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires such qualification, license or approval, unless the failure to obtain such qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Depositor's ability to perform its obligations under this Agreement.
Organizationand Qualification. The Acquiror is a corporation duly organized, validly existing and in good standing under the Laws of , has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted.
Organizationand Qualification. The Acquiror is a corporation duly organized, validly existing and in good standing under the Laws of the Bahamas, has all requisite company power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted. The Acquiror is duly qualified to do business as a foreign company and is in good standing (in those jurisdictions in which the concept of good standing is applicable) in each jurisdiction in which the character of the property owned or leased by it or the nature of its activities makes such qualification necessary, except where the failure to be so qualified or in good standing could not reasonably be expected to result in a Material Adverse Effect.
Organizationand Qualification. Except as set forth in Section 5.1 of the Disclosure Schedule to this Agreement prepared and delivered by IES (the "IES DisclosureSchedule"), each of IES and the IES Subsidiaries (as hereinafter defined) is a corporation duly organized, validly existing and in good standing (to the-extent applicable under the laws of its respective jurisdiction of incorpora tion or organization, has all requisite corporate power and authority, and has been duly authorized by all necessary approvals and orders to own, lease and operate its assets and properties to the extent owned, leased and operated and to carry on its business as it is now being conducted and is duly qualified and in'good standing (to the extent applicable) to do business in each respective jurisdiction in which the nature of its business or the ownership or leasing of its assets and properties makes such qualification necessary, other than in such jurisdictions where the failure to be so qualified and in good standing would not, when taken together with all other such failures, have a material adverse effect . A-30 on the business, operations, properties, assets, condition (financial or otherwise), or the results of. operations of IES and the IES Subsidiaries taken a whole or on the consummation of the transac tion contemplated hereby (an "IES Material Adverse Effect").
