Common use of Corporate Existence and Standing Clause in Contracts

Corporate Existence and Standing. The Borrower and each Subsidiary is duly organized, validly existing and, where such concept exists in the relevant jurisdiction of organization, in good standing under the laws of its jurisdiction of organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted where the failure to have such authority would have a Material Adverse Effect.

Corporate Existence and Standing. The Each Borrower and each Subsidiary its Subsidiaries is duly and properly incorporated or organized, as the case may be, validly existing and, where and (to the extent such concept exists in the relevant jurisdiction of organization, applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and is duly qualified and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted where the failure to have maintain such authority qualification would have singly or in the aggregate cause a Material Adverse Effect.

Corporate Existence and Standing. The Borrower and each Material Subsidiary is duly organized, validly existing and, where to the extent such concept exists in the relevant jurisdiction of organizationis relevant, in good standing under the laws of its jurisdiction of organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted where the failure so to have such authority qualify would have a Material Adverse Effectmaterial adverse effect on the financial condition or operations of the Borrower.

Corporate Existence and Standing. The Borrower and each Subsidiary is duly organized, validly existing and, where such concept exists in the relevant jurisdiction of organization, in good standing under the laws of its jurisdiction of organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted where the failure to have such authority so qualify would have a Material Adverse Effect.

Corporate Existence and Standing. The Each of the Borrower and each -------------------------------- Subsidiary is a corporation duly organizedincorporated, validly existing and, where such concept exists in the relevant jurisdiction of organization, and in good standing under the laws of its respective jurisdiction of organization incorporation and has all requisite authority is duly qualified and in good standing as a foreign corporation and is duly authorized to conduct its business in each jurisdiction in which its business is conducted or proposed to be conducted, except where the failure to have such authority would be so qualified could not reasonably be expected to have a Material Adverse Effect.

Corporate Existence and Standing. The Such Borrower and each Subsidiary is duly organized, validly existing and, where such concept exists in the relevant jurisdiction of organizationapplies, in good standing under the laws of its jurisdiction of organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted where the failure so to have such authority qualify would have a Material Adverse Effectmaterial adverse effect on the financial condition or operations of such Borrower.

Corporate Existence and Standing. The Each of the Borrower and each Subsidiary is a corporation duly organizedincorporated, validly existing and, where such concept exists in the relevant jurisdiction of organization, and in good standing under the laws of its respective jurisdiction of organization incorporation and has all requisite authority is duly qualified or licensed and in good standing and is duly authorized to conduct its business in each jurisdiction in which its business is conducted or proposed to be conducted, except where the failure to have such authority would be so qualified, licensed or authorized could not reasonably be expected to have a Material Adverse Effect.

Corporate Existence and Standing. The Each Borrower and each Subsidiary its Subsidiaries is duly and properly incorporated or organized, as the case may be, validly existing and, where and (to the extent such concept exists in the relevant jurisdiction of organization, applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and is duly qualified and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted where the failure to have maintain such authority qualification would have singly or in the aggregate cause a Material Adverse Effect.. 5.2