Common use of Incorporation, Good Standing, and Due Qualification Clause in Contracts

Incorporation, Good Standing, and Due Qualification. Borrower and each Subsidiary is a corporation duly incorporated, validly existing, and in good standing under the laws of the jurisdiction of its incorporation; has the corporate power and authority to own its assets and to transact the business in which it is now engaged or proposed to be engaged in; and is duly qualified as a foreign corporation and in good standing under the laws of each other jurisdiction in which such qualification is required.

Incorporation, Good Standing, and Due Qualification. Borrower and each Subsidiary is a corporation duly incorporated, validly existing, and in good standing under the laws of the jurisdiction of its incorporation; has the corporate power and authority to own its assets and to transact the business in which it is now engaged or proposed to be engaged in; and is duly qualified as a foreign corporation and in good standing under the laws of each other jurisdiction in which such qualification is required.

Incorporation, Good Standing, and Due Qualification. Borrower and each its Subsidiary is a corporation are duly incorporated, validly existing, existing and in good standing under the laws of the jurisdiction respective jurisdictions of its their incorporation; has , have the corporate power and authority to own its their assets and to transact the business in which it is they are now engaged or proposed to be engaged in; engaged, and is are duly qualified as a foreign corporation corporations and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified could not result in a Material Adverse Change.

Incorporation, Good Standing, and Due Qualification. Borrower and each Subsidiary is a corporation duly incorporatedincorporated or formed, validly existing, existing and in good standing under the laws of the jurisdiction of its incorporation; incorporation or formation, has the corporate power and authority to own its assets and to transact the business in which it is now engaged or proposed to be engaged in; engaged, and is duly qualified as a foreign corporation or entity and in good standing under the laws of each other jurisdiction in which such qualification is required, except to the extent that its failure to be so qualified has not, and could not reasonably be expected to, result in a Material Adverse Change.