Common use of Valid Organization, Good Standing and Qualification Clause in Contracts

Valid Organization, Good Standing and Qualification. Each Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the applicable state described on Schedule 12.1, has full power and authority to execute, deliver and comply with the Loan Documents, and to carry on its business as it is now being conducted and is duly licensed or qualified as a foreign corporation in good standing under the laws of each other jurisdiction described on Schedule 12.1 and in each other jurisdiction in which the failure to so qualify could have a Material Adverse Effect on such Borrower.

Valid Organization, Good Standing and Qualification. Each Borrower is a corporation or limited liability company duly incorporatedformed, validly existing and in good standing under the laws of the applicable state described jurisdiction listed for such Borrower on Schedule 12.18.1 hereto, has full power and authority to execute, deliver and comply with the Loan Documents, and to carry on its business as it is now being conducted and is duly licensed or qualified as a foreign corporation entity in good standing under the laws of each other jurisdiction described on Schedule 12.1 and in each other jurisdiction in which the failure to so qualify could have a Material Adverse Effect on character or location of the properties owned by it or the business transacted by it requires such Borrowerlicensing or qualification.

Valid Organization, Good Standing and Qualification. Each Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the applicable state described on Schedule 12.110.1, has full power and authority to execute, deliver and comply with the Loan Documents, and to carry on its business as it is now being conducted and is duly licensed or qualified as a foreign corporation in good standing under the laws of each other jurisdiction described on Schedule 12.1 10.1 and in each other jurisdiction in which the failure to so qualify could have a Material Adverse Effect on character or location of the properties owned by it or the business transacted by it requires such Borrowerlicensing or qualification.

Valid Organization, Good Standing and Qualification. Each Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the applicable state described of its incorporation as listed on Schedule 12.14.1 attached hereto, has full power and authority to execute, deliver and comply with the Loan Documents, and to carry on its business as it is now being conducted and is duly licensed or qualified as a foreign corporation in good standing under the laws of each other jurisdiction described on Schedule 12.1 and in each other jurisdiction in which the failure to so qualify could have a Material Adverse Effect on character or location of the properties owned by it or the business transacted by it requires such Borrowerlicensing or qualification.