Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. The Borrower 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 would not reasonably be expected to result in a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)

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Qualification and Good Standing. The Each Borrower is qualified to do business and is in good standing (where applicable) and validly existing (where applicable) 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 would could not reasonably be expected to result in a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Ferroglobe PLC), Loan Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Qualification and Good Standing. The Borrower is qualified to do business duly qualified, properly licensed and is in good standing in every each jurisdiction where in which its assets are located and wherever necessary to carry out its ownership or leasing of property or the conduct of business and operationsrequires such qualification, except in jurisdictions where in which the failure to so qualify, be so qualified licensed or in good standing would does not have and could not reasonably be expected to result in have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD)

Qualification and Good Standing. The Borrower 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co), Credit Agreement (Oakley Inc)

Qualification and Good Standing. The Borrower and each of its Subsidiaries is duly 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 would has not had and could not reasonably be expected to result in have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Assurant Inc), Credit Agreement (Assurant Inc), Credit Agreement (Assurant Inc)

Qualification and Good Standing. The Borrower and each of its Subsidiaries 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)

Qualification and Good Standing. The Borrower 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 3 contracts

Samples: Term Credit Agreement (Safeway Inc), Credit Agreement (Atlas Air Inc), Credit Agreement (Atlas Air Inc)

Qualification and Good Standing. The Borrower 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Eldorado Resorts LLC), Credit Agreement (Circus Circus Enterprises Inc)

Qualification and Good Standing. The Borrower and each of its Subsidiaries is duly qualified to do business and is in good standing standing, as applicable, in every jurisdiction where in which 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 would not reasonably be expected to result in have a Material Adverse Effect.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Hospira Inc), Term Loan Agreement (Hospira Inc)

Qualification and Good Standing. The Borrower 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Atlas Air Worldwide Holdings Inc), Credit Agreement (Atlas Air Inc)

Qualification and Good Standing. The Each of Borrower and its Subsidiaries 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 would has not had and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

Qualification and Good Standing. The Borrower 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 AMENDED AND RESTATED CREDIT AGREEMENT 42 and operations, except in jurisdictions where the failure to be so qualified or in good standing would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Trammell Crow Co)

Qualification and Good Standing. The Borrower 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 would has not had and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Thoratec Corp)

Qualification and Good Standing. The Borrower and each of its Subsidiaries 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 would has not had and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Courtside Acquisition Corp)

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Qualification and Good Standing. The Borrower 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 would has not reasonably be expected to result in a Material Adverse Effect.had and will not have a

Appears in 1 contract

Samples: Credit Agreement (Mk Gold Co)

Qualification and Good Standing. The Each Borrower 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 would has not reasonably be expected to result in had and will not have a Material Adverse EffectEffect or result in any Lien not permitted hereunder.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Fruehauf Trailer Corp)

Qualification and Good Standing. The Borrower 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 such failure to qualify and be so qualified or in good standing would not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Vista Information Solutions Inc)

Qualification and Good Standing. The Borrower is qualified to do business and validly exists or is in good standing standing, as applicable, 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 would not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

Qualification and Good Standing. The Borrower is qualified to do business and is in good standing standing, if applicable, 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Mk Resources Co)

Qualification and Good Standing. The Borrower 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 would will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Apollo Real Estate Investment Fund Ii L P)

Qualification and Good Standing. The Each Borrower 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 would could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Hexcel Corp /De/)

Qualification and Good Standing. The Borrower is qualified to do business and is in good standing 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 would has not reasonably be expected to result in had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan and Security Agreement (American Real Estate Partners L P)

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