Common use of Incorporation and Qualification Clause in Contracts

Incorporation and Qualification. Borrower is a corporation duly organized and validly existing and in good standing under the laws of Delaware, has the corporate power to own its assets and conduct its business as it is now being conducted and is qualified to do business in each jurisdiction wherein the nature of the business conducted by it or the property owned or held under lease by it make such qualification necessary.

Incorporation and Qualification. Each Borrower is a corporation duly organized and validly existing and in good standing under the laws of the State of Delaware, has the corporate power to own its assets properties and conduct its business business, as it is now being conducted presently conducted, and is qualified duly qualified, or shall qualify as and when necessary, to do business in each jurisdiction wherein the nature of the business conducted by it or the property owned or held under lease by it make makes such qualification necessarynecessary including without limitation the States listed on Schedule 2.1 attached.