Common use of Existence; Power Clause in Contracts

Existence; Power. ▇▇▇▇▇ and each of its Subsidiaries (a) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to carry on its business as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Revolving Credit Agreement (Cowen Group, Inc.)

Existence; Power. ▇▇▇▇▇ The Company and each of its Subsidiaries (ai) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company corporation under the laws of the jurisdiction of its organization, (bii) has all requisite power and authority to carry on its business as now conducted, and (ciii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Letter of Credit Agreement (Arkansas Best Corp /De/)

Existence; Power. ▇▇▇▇▇ and each of its Subsidiaries The Company (a) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to carry on its business as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Letter of Credit Agreement (Bovie Medical Corp)

Existence; Power. ▇▇▇▇▇ Holdings and each of its Subsidiaries (ai) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company company, as applicable, under the laws of the jurisdiction of its organization, (bii) has all requisite power and authority to carry on its business as now conducted, and (ciii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (PACS Group, Inc.)

Existence; Power. ▇▇▇▇▇ Each of Holdings and each of its Subsidiaries (ai) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (bii) has ­has all requisite power and authority to carry on its business as now conducted, and (ciii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Dakota Plains Holdings, Inc.)