Common use of Due Organization and Qualification Clause in Contracts

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 73 contracts

Samples: Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Systemsoft Corp), Revolving Credit and Security Agreement (Avanex Corp)

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Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 61 contracts

Samples: Loan Agreement (Logicvision Inc), Loan and Security Agreement (Viveve Medical, Inc.), Loan and Security Agreement (Tripath Technology Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation an entity duly existing and in good standing under the laws of its state of incorporation the jurisdiction in which it is organized and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

Appears in 41 contracts

Samples: Loan and Security Agreement (Augmedix, Inc.), Loan and Security Agreement (Warby Parker Inc.), Loan and Security Agreement (Natera, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state of incorporation in which it is organized and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 26 contracts

Samples: Loan and Security Agreement (LOCAL.COM), Loan and Security Agreement (Dermira, Inc.), Loan and Security Agreement (Dermira, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state of incorporation in which it is incorporated and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 23 contracts

Samples: Loan and Security Agreement (Newgistics, Inc), Loan and Security Agreement (Infinera Corp), Loan and Security Agreement (Proxim Wireless Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states as to which any failure to so qualify would not have a Material Adverse Effect.

Appears in 16 contracts

Samples: Loan and Security Agreement (Odetics Inc), Subordination Agreement (Hybrid Networks Inc), Loan and Security Agreement (Infoseek Corp)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 14 contracts

Samples: Loan and Security Agreement (Silvaco Group, Inc.), Loan and Security Agreement (Uni-Pixel), Loan and Security Agreement (Media Arts Group Inc)

Due Organization and Qualification. Borrower and each Subsidiary ---------------------------------- is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 8 contracts

Samples: Loan and Security Agreement (Curon Medical Inc), Loan and Security Agreement (Somnus Medical Technologies Inc), Loan Modification Agreement (Placeware Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

Appears in 7 contracts

Samples: Disbursement Instructions (Vastera Inc), Loan and Security Agreement (Auxilium Pharmaceuticals Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified or licensed could not reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (908 Devices Inc.), Loan and Security Agreement (Safeguard Scientifics Inc)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation, limited liability corporation or limited partnership duly existing and in good standing under the laws of its state of incorporation organization and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for those jurisdictions where the failure to be so qualified or licensed individually or in the aggregate has not had and would not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc)

Due Organization and Qualification. Borrower and each Subsidiary ---------------------------------- is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states as to which any failure to so qualify would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Inktomi Corp), Loan and Security Agreement (Snowball Com Inc), Loan and Security Agreement (Inktomi Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.to

Appears in 4 contracts

Samples: August 1999 Loan Modification Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc), Loan and Security Agreement (Imanage Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a ---------------------------------- corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 4 contracts

Samples: Loan and Security Agreement (Astea International Inc), Loan and Security Agreement (Liquid Audio Inc), Loan and Security Agreement (Silicon Gaming Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except to the extent that failure to so qualify would not have a Material Adverse Effect on the Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Heartport Inc), Loan and Security Agreement (Heartport Inc), Loan and Security Agreement (Cygnus Inc /De/)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified and where failure to so qualify could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.), Loan and Security Agreement (Tabula Rasa HealthCare, Inc.), Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Harmonic Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where failure to so qualify would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Freeshop Com Inc), Loan and Security Agreement (Women Com Networks Inc), Loan and Security Agreement (Nvidia Corp/Ca)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation or limited liability company duly existing and in good standing under the laws of its the state of incorporation in which it is organized and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Clearone Communications Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 3 contracts

Samples: Loan and Security Agreement (Cytosorbents Corp), Loan and Security Agreement (Vuzix Corp), Loan and Security Agreement (Cytosorbents Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Proxim Wireless Corp), Loan and Security Agreement (Asyst Technologies Inc /Ca/), Loan and Security Agreement (Asyst Technologies Inc /Ca/)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Lightpath Technologies Inc), Loan and Security Agreement (Lightpath Technologies Inc), Loan and Security Agreement (Lightpath Technologies Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation organization and qualified and licensed to do business in, and is in good standing in, any state other jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified and where the failure to be so qualified would reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified or in which the failure of Borrower or any of its Subsidiaries to be so qualified could reasonably be expected to have a material adverse effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Vertro, Inc.), Loan and Security Agreement (Vertro, Inc.), Loan and Security Agreement (Miva, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of the jurisdiction of its state of incorporation organization and qualified and licensed to do business in, and is in good standing in, any state jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Vuzix Corp), Assignment and Assumption Agreement (Lc Capital Master Fund LTD), Loan and Security Agreement (Vuzix Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified except where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business.

Appears in 3 contracts

Samples: Loan and Security Modification Agreement (EverQuote, Inc.), Loan and Security Agreement (EverQuote, Inc.), Loan and Security Modification Agreement (EverQuote, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary ---------------------------------- is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states in which failure to qualify would not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc)

Due Organization and Qualification. Each of Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 3 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation an entity, duly existing and in good standing under the laws of its state of incorporation the jurisdiction in which it is organized and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (CION Investment Corp), Loan and Security Agreement (Fifth Street Senior Floating Rate Corp.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified or licensed could not be expected to result in a Material Adverse Effect on Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Borland Software Corp), Loan and Security Agreement (Starbase Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation or company duly existing and in good standing under the laws of its state or jurisdiction of incorporation or formation and qualified and licensed to do business in: (a) its state or jurisdiction of incorporation and the state where its chief executive office is located, and is in good standing in, (b) any other state or jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except, in the case of such other states and jurisdictions, where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (Silk Road Medical Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be failure to so qualifiedqualify would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Resound Corp), Loan and Security Agreement (Stericycle Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified., except where a failure to be so qualified could not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be failure to do so qualifiedwould have a Material Adverse Effect. The Borrower has no Subsidiaries.

Appears in 2 contracts

Samples: Loan and Security Agreement (Faxsav Inc), Loan and Security Agreement (Faxsav Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bridgeline Digital, Inc.), Loan and Security Agreement (Focus Enhancements Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Verso Technologies Inc), Asset Purchase Agreement (Verso Technologies Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified and where the failure to so qualify could result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Verity Inc \De\), Loan and Security Agreement (Verity Inc \De\)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of the jurisdiction of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zindart LTD), Loan and Security Agreement (Intervisual Books Inc /Ca)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ditech Communications Corp), Loan and Security Agreement (Rigel Pharmaceuticals Inc)

Due Organization and Qualification. Each of Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vans Inc), Loan and Security Agreement (Vans Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation corporation, limited liability company, partnership or other entity duly existing and in good standing under the laws of its state of incorporation or organization and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (ThredUp Inc.)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inphonic Inc), Loan and Security Agreement (Inphonic Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation the Borrower State and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Spy Optic Inc), Loan and Security Agreement (Masergy Communications Inc)

Due Organization and Qualification. The Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation incorporation; the Borrower and each Subsidiary is qualified and licensed to do business in, and is in good standing in, any state other jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified., except where the failure to do so could not reasonably be expected to have a Material Adverse Effect on Borrower’s business. ACTIVEUS 188979588v.10

Appears in 2 contracts

Samples: Loan and Security Agreement (TechTarget Inc), Loan and Security Agreement (TechTarget Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where a failure to be so qualified would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Versatility Inc), Loan and Security Agreement (Versatility Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation organization and qualified and licensed to do business in, and is in good standing in, any state other jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (6d Bytes Inc.), Loan and Security Agreement (Ammo, Inc.)

Due Organization and Qualification. Borrower and each ---------------------------------- Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (Thermatrix Inc), Loan and Security Agreement (Onsale Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or province of incorporation and qualified and licensed to do business in, and is in good standing in, any state jurisdiction in which the conduct of its business or its ownership of property requires that it failure to be so qualifiedqualified or licensed could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Novatel Wireless Inc), Loan and Security Agreement (Novatel Wireless Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation an organization duly existing and in good standing under the laws of its state jurisdiction of incorporation organization and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Versata Inc), Loan and Security Agreement (Tegal Corp /De/)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation or limited liability company, as applicable, duly existing and in good standing under the laws of its state of incorporation or formation, as applicable, and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified and failure to be so qualified could reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inari Medical, Inc.), Loan and Security Agreement (Inari Medical, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to so qualify or be licensed would not result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Usa Technologies Inc), Loan and Security Agreement (Usa Technologies Inc)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state of incorporation in which it is incorporated and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Convio, Inc.), Loan and Security Agreement (Convio, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary ---------------------------------- is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 2 contracts

Samples: Loan and Security Agreement (Loudeye Technologies Inc), Loan Agreement (Logicvision Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation the Debtor State and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuvasive Inc)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be failure to so qualifiedqualify could have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Isky Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Biomarin Pharmaceutical Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, unless the failure to so qualify or be licensed could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Arcturus Therapeutics Ltd.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation or formation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Zedge, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states as to which failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Vtel Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it failure to be so qualified.qualified or licensed would have a Material Adverse Effect. 5.2

Appears in 1 contract

Samples: Loan and Security Agreement (Scientific Learning Corp)

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Due Organization and Qualification. Borrower and each Subsidiary ---------------------------------- is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Pointshare Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it failure to be so qualifiedqualified or licensed would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Scientific Learning Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it failure to be so qualifiedqualified or licensed could be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Reliant Technologies Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Align Technology Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state or country of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.. 5.2

Appears in 1 contract

Samples: Loan and Security Agreement (Arthrocare Corp)

Due Organization and Qualification. Borrower and each Subsidiary ---------------------------------- is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified and where failure to qualify would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Evolving Systems Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (TechTarget Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except to the extent that failure to qualify could not reasonably be expected to have a material adverse effect on the Borrower's and its Subsidiaries' business taken as a whole.

Appears in 1 contract

Samples: Loan and Security Agreement (Avistar Communications Corp)

Due Organization and Qualification. Borrower and each Subsidiary of Borrower is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states as to which failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Vtel Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where failure to be so qualified or licensed would not give rise to a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercadolibre Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state state.. in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Thermatrix Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states as to which any failure to so qualify could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Netgear Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a ---------------------------------- corporation duly existing and in corporate good standing under the laws of its state or country of incorporation and qualified and licensed to do business in, and is in good corporate standing in, any state or country in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Market Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state of incorporation in which it is incorporated and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Force10 Networks Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state of incorporation or country, as applicable, in which it is incorporated and qualified and licensed to do business in, and is in good standing in, any state or country, as applicable, in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Biolase Technology Inc)

Due Organization and Qualification. Borrower and each Subsidiary is ---------------------------------- a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it failure to do so could reasonably be so qualifiedexpected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Genaissance Pharmaceuticals Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for states as to which any failure so to qualify could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Abgenix Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its the state of incorporation its organization, and is qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Orasure Technologies Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a ---------------------------------- corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except to the extent that failure to so qualify would not have a Material Adverse Effect on the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Corsair Communications Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified except where the failure to be so qualified and licensed will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Therma Wave Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified except where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Patient Infosystems Inc)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of the jurisdiction of its state of incorporation incorporation, and is qualified and licensed to do business in, and is in good standing in, any state each jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Uniphase Corp /Ca/)

Due Organization and Qualification. Borrower and each Subsidiary of Borrower is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for any failure to so qualify or be licensed or be in such good standing which is not reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Mobius Management Systems Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified except where the failure to be so qualified could not reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Security Systems Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Advanced Technology Materials Inc /De/)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly duty existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Digirad Corp)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state or other jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business.

Appears in 1 contract

Samples: Loan and Security Agreement (Backblaze, Inc.)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualifiedqualified in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Lightpath Technologies Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, other than in such states where the failure to do so would not have a material adverse effect on the Borrower and each Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Biometrics Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it failure to be so qualifiedqualified could reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Quovadx Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where failure to so qualify could not reasonably be expected to result in a material adverse effect on Borrower’s business or operations.

Appears in 1 contract

Samples: Loan and Security Agreement (iSpecimen Inc.)

Due Organization and Qualification. Such Borrower and each Subsidiary of such Borrower is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where a failure to be so qualified could not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Visual Networks Inc)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except for such states as to which any failure to so qualify could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Catasys, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a ---------------------------------- corporation or entity duly existing and in good standing under the laws of its state of incorporation or organization and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to so qualify would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Esperion Therapeutics Inc/Mi)

Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation corporation, limited liability company or limited partnership duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Vaughan Foods, Inc.)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires that it be so qualified, the failure of which to qualify is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Tci Solutions Inc)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state of incorporation and qualified and licensed to do business in, and is in good standing in, any state in which the conduct of its business or its ownership of property requires required that it be so qualifiedqualified except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Due Organization and Qualification. Borrower and each Subsidiary is a corporation duly existing and in good standing under the laws of its state jurisdiction of incorporation and qualified and licensed to do business in, and is in good standing in, any state jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except for the Excluded Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)

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