GOOD STANDING; QUALIFIED TO DO BUSINESS Sample Clauses

GOOD STANDING; QUALIFIED TO DO BUSINESS. The Borrower (a) is duly organized, validly existing, and in good standing under the laws of the State of its organization, (b) has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged, and (c) is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a Material Adverse Effect on (i) the Borrower, (ii) the Borrower's ability to perform its obligations under the Loan Documents, or (iii) the rights of the Lender hereunder.
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GOOD STANDING; QUALIFIED TO DO BUSINESS. Xxxxxxxxx is a duly organized and validly existing corporation in good standing under the laws of the State of Florida. Subsidiary is a duly organized and validly existing corporation in good standing under the laws of the State of _________. Company has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged and is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a Material Adverse Effect on (i) Company, (ii) Company’s ability to perform its obligations under the Loan Documents or (iii) the rights of Holders or the Trustee under this Agreement.
Sample 1
GOOD STANDING; QUALIFIED TO DO BUSINESS. Borrower is a corporation, is duly organized, validly existing and in good standing under the laws of its State of incorporation or formation and in good standing in all states or other jurisdictions where the nature and extent of the business transacted by it or the ownership of assets makes such qualification necessary and where the failure to so qualify would have a Material Adverse Effect on Borrower's or any Guarantor's financial condition, results of operation or business or the rights of Lender hereunder or under any of the other Loan Documents or the rights of Lender in or to any of the Collateral. Borrower and each Guarantor has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged.
Sample 1
GOOD STANDING; QUALIFIED TO DO BUSINESS. Company (i) is a duly organized, validly existing, corporation in good standing under the laws of the State of Florida, (ii) has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged and (iii) is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a Material Adverse Effect on (a) Company, (b) Company's ability to perform its obligations under the Loan Documents or (c) the rights of Holders or the Trustee under this Agreement.
Sample 1
GOOD STANDING; QUALIFIED TO DO BUSINESS. The Borrower (a) is duly organized, validly existing, and in good standing under the laws of the State of Delaware (b) has the power and authority to own its properties and assets and to transact the business in which it is presently engaged, and (c) is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a material adverse effect on the Borrower.
Sample 1
GOOD STANDING; QUALIFIED TO DO BUSINESS. SMF is a duly organized and validly existing corporation in good standing under the laws of the State of Delaware. H & W is a duly organized and validly existing corporation in good standing under the laws of the State of Texas. SSI is a duly organized and validly existing corporation in good standing under the laws of the State of Delaware. Company has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged and is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a Material Adverse Effect on
Sample 1
GOOD STANDING; QUALIFIED TO DO BUSINESS. The Guarantor (a) is duly organized, validly existing and in good standing under the laws of the Province of Alberta, (b) has the requisite power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged, and (c) is duly qualified and authorized to do business and is in good standing in every jurisdiction in 3 -3- which the failure to be so qualified could have a Material Adverse Effect on (i) the Guarantor, (ii) the Guarantor's ability to perform its obligations under the Loan Documents or (iii) the rights of the Lender hereunder.
Sample 1
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GOOD STANDING; QUALIFIED TO DO BUSINESS. IVP (a) is duly organized, validly existing, and in good standing under the laws of the State of its organization, (b) has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be engaged, and (c) is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a Material Adverse Effect on (i) IVP, (ii) IVP's ability to perform its obligations under the Loan Documents, or (iii) the rights of Berra hereunder. Clarino (a) is duly organized, validly existing, and in good standing under the laws of Anguilla, (b) has the power and authority to own its properties and assets and to transact the businesses in which it is presently, or proposes to be, engaged, and (c) is duly qualified and authorized to do business and is in good standing in every jurisdiction in which the failure to be so qualified could have a Material Adverse Effect on (i) Clarino, (ii) Clarino's ability to perform its obligations under the Loan Documents, or (iii) the rights of Berra hereunder.
Sample 1

Related to GOOD STANDING; QUALIFIED TO DO BUSINESS

  • Organization; Good Standing; Qualification The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on the business, assets (including intangible assets), liabilities, financial condition, property, prospects or results of operations of the Company (such a “Material Adverse Effect”).

  • Organization and Good Standing; Qualification The Seller has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own or lease its properties and to conduct its activities as such properties are currently owned or leased and such activities are currently conducted.

  • Organization; Good Standing; Qualification and Power The Contributed Subsidiaries are all of the subsidiaries of the Contributed Companies or any of their direct or indirect subsidiaries. Each of the Contributed Companies, and the Contributed Subsidiaries and each of the Contributing Companies is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, has all requisite corporate power and authority to own, lease and operate any and all of the Group Assets held by such company and for the Conduct of the Group Business as now being conducted by such company, and is duly qualified and in good standing to do business in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary, other than in such jurisdictions where the failure so to qualify would not have a Material Adverse Effect on the Group Business. SCO has delivered to Caldera or its counsel complete and correct copies of the charter documents of the Contributed Companies and the Contributed Subsidiaries. Except for the Contributed Subsidiaries, none of the Contributed Companies nor any of the Contributed Subsidiaries owns, directly or indirectly, any capital stock or other equity interest of any corporation or has any direct or indirect equity or ownership interest in any other business, whether organized as a corporation, partnership, joint venture or otherwise.

  • Organization, Good Standing, Etc Each Loan Party (i) is a corporation, limited liability company or limited partnership duly organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and authority to conduct its business as now conducted and as presently contemplated and, in the case of the Borrowers, to make the borrowings hereunder, and to execute and deliver each Loan Document to which it is a party, and to consummate the transactions contemplated thereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except (solely for the purposes of this subclause (iii)) where the failure to be so qualified and in good standing could reasonably be expected to have a Material Adverse Effect.

  • Organization; Good Standing The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Good Standing The Representatives shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and its subsidiaries in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Representatives may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdictions.

  • Organization, Good Standing and Due Qualification The Borrower is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware and has the power and all licenses necessary to own its assets and to transact the business in which it is engaged and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Loan Assets and the Collateral Portfolio requires such qualification.

  • Good Standings To deliver to the Initial Purchasers on the Closing Date satisfactory evidence of the good standing of the Company and the Guarantors in their respective jurisdictions of organization and the good standing of the Company and the Subsidiaries in such other jurisdictions as the Initial Purchasers may reasonably request, in each case in writing or any standard form of telecommunication, from the appropriate governmental authorities of such jurisdictions.

  • Organization and Good Standing Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

  • Organization, Existence and Good Standing Seller is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware. Seller has full power and authority to own all of its properties and assets and to carry on its business as it is now conducted.

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