Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. Each Credit Party 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 will not have a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Pantry Inc), Credit Agreement (Pantry Inc), Credit Agreement (Beasley Broadcast Group Inc)

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Qualification and Good Standing. Each Such Credit Party and each of its Subsidiaries is duly qualified to do business and 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 will would not reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Assignment Agreement (Hospira Inc), Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc)

Qualification and Good Standing. Each Credit Party 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 will could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Covanta Energy Corp), Credit Agreement (Danielson Holding Corp), Credit Agreement (Covanta Energy Corp)

Qualification and Good Standing. Each Credit Party and each of its Subsidiaries is duly 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 will could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

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

Qualification and Good Standing. Each Credit Party 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 has not had and will not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Beasley Broadcast Group Inc), Second Lien Credit Agreement (Beasley Broadcast Group Inc), Credit Agreement (Beasley Broadcast Group Inc)

Qualification and Good Standing. Each Credit Party 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 will could not be reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Simmons Co), Credit and Guaranty Agreement (Simmons Bedding Co), Credit and Guaranty Agreement (Simmons Co /Ga/)

Qualification and Good Standing. Each Credit Party 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 will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Beasley Broadcast Group Inc), Credit Agreement (Beasley Broadcast Group Inc)

Qualification and Good Standing. Each Credit Party 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 will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Courtside Acquisition Corp), Credit Agreement (Wellsford Real Properties Inc)

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Qualification and Good Standing. Each of the Credit Party Parties 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 will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Qualification and Good Standing. Each Credit Party and each of their respective Subsidiaries is duly qualified to do business and 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 will could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hospira Inc)

Qualification and Good Standing. Each Credit Party 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 has not had and will not have a Material Adverse EffectEffect or result in any Lien not permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Hartmarx Corp/De)

Qualification and Good Standing. Each Credit Party and each of its Subsidiaries is duly 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 will would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Assurant, Inc.)

Qualification and Good Standing. Each Credit Party is qualified to do business and is in good standing in every each jurisdiction where its assets are located and wherever necessary to carry out the ownership, leasing or operation of property or conduct of its business and operationsrequires such qualification, except in jurisdictions where the failure to be so qualified or in good standing has could not had and will not have reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Note Purchase Agreement (U.S. Silica Holdings, Inc.)

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