Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. Each of Holdings and its Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Maidenform Brands, Inc.), Credit Agreement (Bare Escentuals Inc), Credit Agreement (FTD Inc)

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Qualification and Good Standing. Each of Holdings Company and its Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Sybron Dental Specialties Inc), Credit Agreement (Korn Ferry International), Credit Agreement (Korn Ferry International)

Qualification and Good Standing. Each The Company and each of Holdings and its Restricted Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 4 contracts

Samples: Superpriority Secured Debtor in Possession Credit Agreement (FTD Companies, Inc.), Credit Agreement (FTD Companies, Inc.), Credit Agreement (FTD Companies, Inc.)

Qualification and Good Standing. Each Principal Company and each of Holdings and its Subsidiaries is qualified to do business and in good standing in every jurisdiction where its assets Properties 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Dialogic Inc.), Credit Agreement (Tennenbaum Capital Partners LLC), Credit Agreement (Dialogic Inc.)

Qualification and Good Standing. Each of Holdings and its Subsidiaries Company is qualified to do business and in good standing in every jurisdiction where ownership, lease or operation of its assets are located and wherever necessary to carry out or conduct of its business and operationsoperations require such qualification, except in jurisdictions where the failure to be so qualified or in good standing has not had and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Panolam Industries International Inc), Credit Agreement (Panolam Industries International Inc), Second Lien Credit Agreement (Panolam Industries International Inc)

Qualification and Good Standing. Each of Holdings and its Subsidiaries is qualified to do business and is in good standing in every jurisdiction where in which the location of its assets are located and wherever necessary to carry out or the conduct of its business require it to be so qualified and operationsin good standing, except in jurisdictions where the failure to be so qualified or in good standing has not had and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (NACG Holdings Inc.), Credit Agreement (Griffiths Pile Driving Inc), Credit Agreement (Nacg Finance LLC)

Qualification and Good Standing. Each of Holdings and its Subsidiaries is qualified to do business and is in good standing in every jurisdiction where in which the location of its assets are located and wherever necessary to carry out or the conduct of its business and operationsrequires it to be so qualified or in good standing, except in jurisdictions where the failure to be so qualified or in good standing has not had and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Propex Fabrics Inc.), Credit Agreement (Propex International Holdings II Inc.), Superpriority Debtor in Possession Credit Agreement (Propex Inc.)

Qualification and Good Standing. Each of Holdings and its Subsidiaries is qualified to do business and (to the extent such concept is relevant) 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (FTD Group, Inc.), Credit Agreement (FTD Group, Inc.)

Qualification and Good Standing. Each of Holdings Company and each of its Subsidiaries is qualified to do business and 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 will not reasonably be expected to result in have a Material Adverse Effect.. 103

Appears in 1 contract

Samples: Credit Agreement (Homestake Mining Co /De/)

Qualification and Good Standing. Each of Holdings and its Material Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Ak Steel Holding Corp)

Qualification and Good Standing. Each of Holdings the Company and its Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase Agreement (Brightstar Corp.)

Qualification and Good Standing. Each of Holdings and its Subsidiaries is Company are qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its their business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and could would not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (IntraLinks Holdings, Inc.)

Qualification and Good Standing. Each of Holdings and its Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.. 81

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

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Qualification and Good Standing. Each The Company and each of Holdings and its Subsidiaries is qualified to do business and in good standing in every jurisdiction where its assets are located in which it owns or leases real property 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 reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lincoln Electric Holdings Inc)

Qualification and Good Standing. Each Company and each of Holdings and its Restricted Subsidiaries is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (United Online Inc)

Qualification and Good Standing. Each of Holdings and its each of the Subsidiaries is qualified or authorized to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business businesses and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and could not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Real Mex Restaurants, Inc.)

Qualification and Good Standing. Each of Holdings and its Subsidiaries Company is qualified to do business and 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 reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Maidenform Brands, Inc.)

Qualification and Good Standing. Each The Company and each of Holdings and its Subsidiaries is are qualified or authorized to do business and in good standing in every jurisdiction where its their respective assets are located and wherever necessary to carry out its business their respective businesses and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and could will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Smartalk Teleservices Inc)

Qualification and Good Standing. Each of Holdings Company and each of its Subsidiaries is qualified to do business and 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 will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Homestake Mining Co /De/)

Qualification and Good Standing. Each of Holdings Holdings, Company and each of its Subsidiaries is qualified to do business and 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 will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Katy Industries Inc)

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