Common use of Existence, Power and Authority Clause in Contracts

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect.

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: Subsidiaries is (i) is duly organized, validly existing existing, and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect.;

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: the Guarantors is (i) is a corporation, duly organized, validly existing existing, and in good standing under the laws of the jurisdiction of its organizationincorporation; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would could have a Material Adverse Effect.;

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its CHAR1\1991350v2 business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect.

Existence, Power and Authority. (a) The Borrower Parent and each of its Subsidiaries: Subsidiaries is (i) is duly organized, validly existing existing, and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect.;