Common use of Good Standing; Authority Clause in Contracts

Good Standing; Authority. Borrower is an entity or sole proprietor (i) duly organized and existing and in good standing under the laws of the jurisdiction in which it was formed, (ii) duly qualified, in good standing and authorized to do business in every jurisdiction in which failure to be so qualified might have a material adverse effect on its business or assets and (iii) has the power and authority to own each of its assets and to use them as contemplated now or in the future.

Good Standing; Authority. Borrower is an entity or sole proprietor (i) duly organized and existing and in good standing under the laws of the jurisdiction in which it was formed, (ii) duly qualified, in good standing and authorized to do business in every jurisdiction in which failure to be so qualified might have a material adverse effect on its business or assets and (iii) has the power and authority to own each of its assets and to use them as contemplated now or in the future.

Good Standing; Authority. The Borrower (i) is an entity or sole proprietor (i) duly organized and organized, validity existing and in good standing under the laws of the jurisdiction in which it was formed, (ii) is duly qualified, in good standing and authorized to do business in every each jurisdiction in which failure to be so qualified might have a material adverse effect on its business or assets and (iii) has the power and authority to own each of its assets and to use them as contemplated now or and in the future.

Good Standing; Authority. The Borrower is an entity or sole proprietor (i) duly organized and organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed, (ii) . The Borrower is duly qualified, in good standing and authorized to do business in every each jurisdiction in which failure to be so qualified might have a material adverse effect on its business or assets and (iii) has the power and authority to own each of its assets the Collateral used as security for the Obligations and to use them as contemplated it in the ordinary course of business now or and in the future.

Good Standing; Authority. The Borrower (i) is an entity or sole proprietor (i) duly organized and organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed, (ii) is duly qualified, in good standing and authorized to do business in every each jurisdiction in which failure to be so qualified might have a material adverse effect on its business or assets and (iii) has the power and authority to own each of its assets and to use them as contemplated now or and in the future.

Good Standing; Authority. Borrower is an entity or sole proprietor a corporation (i) duly organized and existing and in good standing under the laws of the jurisdiction in which it was formed, (ii) duly qualified, in good standing and authorized to do business in every jurisdiction in which failure to be so qualified might would have a material adverse effect on its business or assets and (iii) has having the power and authority to own each of its assets and to use them as contemplated now or in the future.