Common use of Existence; Compliance with Law Clause in Contracts

Existence; Compliance with Law. The Borrower and each of its Subsidiaries is (a) an organization duly formed, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority and the legal right to own its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is in good standing under the laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification except where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Subsidiaries is (a) an organization is duly formedorganized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority authority, and the legal right right, to own and operate its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity corporation and is in good standing under the laws of each jurisdiction where its ownership or operation of property or the conduct of its business requires such qualification except where the failure to be so qualify duly qualified could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Restricted Subsidiaries is (a) an organization duly formed, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority and the legal right to own its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is in good standing under the laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification except where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each Each of its Subsidiaries is the Loan Parties (a) an organization is duly formedformed or organized, validly existing and in good standing under the laws Laws of the jurisdiction of its organization, (b) has the corporate (or analogous) power and authority authority, and the legal right right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is in good standing under the laws Laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification is required, except where the failure to be so qualify qualified could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Each of the Borrower and each of its Applicable Subsidiaries is (a) an organization is duly formedorganized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the corporate or other power and authority authority, and the legal right right, to own and operate its property Property, to lease the Property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity corporation and is in good standing under the laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification except where the failure so to so qualify qualify, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Restricted Subsidiaries is (a) an organization duly formed, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority and the legal right to own its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is in good standing under the laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification except where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx1933 Act) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Subsidiaries is (a) an organization is duly formedorganized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has 42 the power and authority authority, and the legal right right, to own and operate its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity corporation and is in good standing under the laws of each jurisdiction where its ownership or operation of property or the conduct of its business requires such qualification except where the failure to be so qualify duly qualified could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Subsidiaries is (a) an organization is duly formedorganized, validly existing and in good standing subsisting under the laws of the jurisdiction of its organizationincorporation, (b) has the corporate power and authority and the legal right to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is to transact business in good standing under the laws of each jurisdiction where its ownership ownership, lease or operation of property or the conduct of its business requires such qualification qualification, except where to the extent that the failure to be so qualify could not reasonably be expected to qualified would not, in the aggregate, have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to non‑compliance with which would have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Revolving Borrower and each of its Subsidiaries is (a) an organization is duly formedorganized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority authority, and the legal right right, to own and operate its property and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity corporation and is in good standing under the laws of each jurisdiction where its ownership or operation of property or the conduct of its business requires such qualification except where the failure to be so qualify duly qualified could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Subsidiaries is (a) an organization is duly formedorganized, validly existing and in good standing subsisting under the laws of the jurisdiction of its organizationincorporation, (b) has the corporate power and authority and the legal right to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is to transact business in good standing under the laws of each jurisdiction where its ownership ownership, lease or operation of property or the conduct of its business requires such qualification qualification, except where to the extent that the failure to be so qualify could not reasonably be expected to qualified would not, in the aggregate, have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to non-compliance with which would have a Material Adverse Effect. The shares of the Borrower have been validly authorized.

Existence; Compliance with Law. The Borrower and each of its Subsidiaries is (a) an organization is duly formedformed or organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the corporate (or analogous) power and authority authority, and the legal right right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity corporation and is in good standing under the laws of each jurisdiction where its ownership of property or the conduct of its business requires such qualification is required, except where the failure to be so qualify qualified could not reasonably be expected to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law (including, without limitation, the 1940 Act and the 0000 Xxx) except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. The shares of the Borrower have been validly authorized.