Common use of Due Organization - Corporate Authorization - No Conflicts Clause in Contracts

Due Organization - Corporate 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 Borrower's business, assets or financial condition.

Due Organization - Corporate 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 is necessary, except where the failure to so qualify would not have a material adverse effect on the Borrower's business, assets or financial conditionMaterial Adverse Effect.

Due Organization - Corporate Authorization - No Conflicts. (a) The Borrower and AWI each presently is and shall hereafter remain in good standing as a Delaware corporation and each 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 or AWI's assets or operation of the Borrower's or AWI's business, such qualification may be is necessary, except where the failure to so qualify would not have a material adverse effect on the Borrower's business, assets or financial conditionMaterial Adverse Effect.