Qualified, Good Standing Sample Clauses
Qualified, Good Standing. National and each of its Subsidiaries is duly qualified or licensed as a foreign limited liability company or corporation, as the case may be, to transact business and is in good standing in each jurisdiction in which the nature of the business it is conducting, or the operation, ownership or leasing of its assets or properties, makes such qualification or licensing necessary, except where the failure to be so qualified or licensed and in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Data Room contains correct and complete copies of the certificate of formation, limited liability company agreement, operating agreement, certificate of incorporation, articles of incorporation, articles of organization, by-laws or other comparable organizational documents (“Organizational Documents”), as applicable, of National and each of its Subsidiaries as in effect on the date of this Agreement.
Qualified, Good Standing. Each of National and its Subsidiaries is duly qualified to transact business and is in good standing in each of those jurisdictions set forth on National Disclosure Schedule 3.1, which constitute all of the jurisdictions in which the nature of the business it is conducting, or the operation, ownership or leasing of its assets or properties, makes the qualification necessary, other than in jurisdictions where the failure to be so duly qualified and in good standing would not have a Material Adverse Effect.