Common use of DUE ORGANIZATION, AUTHORIZATION, NO CONFLICTS Clause in Contracts

DUE ORGANIZATION, AUTHORIZATION, NO CONFLICTS. (a) The Borrower presently is and shall hereafter remain in good standing as a Delaware corporation and is and shall hereafter remain duly qualified and in good standing in every other State in which, by reason of the nature or location of the Borrower's assets or operation of the Borrower's business, such qualification may be necessary, except where the failure to so qualify would not have a material adverse effect on the business or assets of the Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

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DUE ORGANIZATION, AUTHORIZATION, NO CONFLICTS. (a) The Borrower presently is and hereafter shall hereafter remain in good standing as a corporation under the laws of the State of Delaware corporation and is and shall hereafter remain duly qualified and in good standing in every other State in which, by reason of the nature or location of the Borrower's assets or operation of the Borrower's business, such qualification may be necessary, except where the failure to be so qualify qualified would not have result in a material adverse effect on the business or assets of the BorrowerMaterial Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluefly Inc)

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DUE ORGANIZATION, AUTHORIZATION, NO CONFLICTS. (a) The Borrower presently is and hereafter shall hereafter remain in good standing as a corporation under the laws of the State of Delaware corporation and is and shall hereafter remain duly qualified and in good standing in every other State in which, by reason of the nature or location of the Borrower's ’s assets or operation of the Borrower's ’s business, such qualification may be necessary, except where the failure to be so qualify qualified would not have result in a material adverse effect on the business or assets of the BorrowerMaterial Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Redenvelope Inc)

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