Due Qualification and Good Standing. The Borrower is duly qualified to do business and is in good standing in each jurisdiction in which the nature of its business, assets and properties, including, without limitation, the performance of its obligations under this Agreement and the other Program Documents to which it is a party, requires such qualification.
Appears in 4 contracts
Samples: Revolving Credit and Security Agreement (Highland Credit Strategies Fund), Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund), Credit and Security Agreement (Highland Distressed Opportunities, Inc.)
Due Qualification and Good Standing. The Borrower is duly qualified to do business and is in good standing in each jurisdiction in which the nature of its business, assets and properties, including, without limitation, including the performance of its obligations under this Agreement and the other Program Transaction Documents to which it is a party, requires such qualification, except where the failure to be so qualified or to be in good standing could not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Credit and Security Agreement (Morgan Stanley Prime Income Trust)
Due Qualification and Good Standing. The Borrower is duly qualified to do business and is in good standing in each jurisdiction in which the nature of its business, assets and properties, including, without limitation, the performance of its obligations under this Agreement and the other Program Documents to which it is a party, requires such qualification., except where the failure to be so qualified or to be in good standing could not reasonably be expected to have a Material Adverse Effect:
Appears in 1 contract
Samples: Credit and Security Agreement (Van Kampen Senior Income Trust)
