Common use of Incorporation; Good Standing Clause in Contracts

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary.

Appears in 10 contracts

Samples: Credit Agreement (BTHC VII Inc), Subordinated Credit Agreement (Whitehall Jewelers Holdings, Inc.), Term Loan Credit Agreement (Whitehall Jewellers Inc)

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Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiaryits Subsidiaries.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Trailer Bridge Inc), Revolving Credit Agreement (Appnet Systems Inc), Revolving Credit Agreement (Answerthink Inc)

Incorporation; Good Standing. Each of the Borrower and its ---------------------------- Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary.

Appears in 3 contracts

Samples: Revolving Credit Agreement (California Steel Industries Inc), Credit Agreement (Fairfield Communities Inc), Revolving Credit Agreement (Value Health Inc / Ct)

Incorporation; Good Standing. Each of the Borrower represents and warrants that such Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the such Borrower or such Subsidiary.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Genrad Inc), Revolving Credit Agreement (Genrad Inc), Revolving Credit Agreement (Genrad Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiaryits Subsidiaries taken as a whole.

Appears in 3 contracts

Samples: Revolving Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the such Borrower or such its Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Xomed Surgical Products Inc), Credit Agreement (Starter Corp), Credit Agreement (Starter Corp)

Incorporation; Good Standing. Each of the Borrower Borrowers and its respective Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state place of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the such Borrower or such Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Ict Group Inc), Credit Agreement (Transtechnology Corp), Credit Agreement (Transtechnology Corp)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or the Borrower and such Subsidiary, taken as a whole.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Western Digital Corp), Revolving Credit and Term Loan Agreement (Western Digital Corp)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state or country of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such SubsidiaryMaterial Adverse Effect.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Flextronics International LTD), Credit and Term Loan Agreement (Flextronics International LTD)

Incorporation; Good Standing. Each of the Borrower and each of its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiaryand its Subsidiaries, considered as a whole.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Provant Inc), Revolving Credit Agreement (Bridgestreet Accommodations Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets business or financial condition of the Borrower or such Subsidiaryand its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Gold Consignment Agreement (Commemorative Brands Inc), Loan and Gold Consignment Agreement (Commemorative Brands Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiaryits Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (New England Business Service Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially material adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Republic Engineered Steels Inc)

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Incorporation; Good Standing. Each of the Borrower Borrowers and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state or country of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such SubsidiaryMaterial Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiarynecessary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary. 6.1.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (HMT Technology Corp)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially material adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Deferred Payment Sales Agreement (Andersen Group Inc)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cabot Microelectronics Corp)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (ii) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iii) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiaryand its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)

Incorporation; Good Standing. Each of the Borrower and its Subsidiaries (ia) is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, (iib) has all requisite corporate power to own its property and conduct its business as now conducted and as presently contemplated, and (iiic) is in good standing as a foreign corporation and is duly authorized to do business in each jurisdiction where such qualification is necessary except where a failure to be so qualified would not have a materially adverse effect on the business, assets or financial condition of the Borrower or such Subsidiaryits Subsidiaries. 8.1.2.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

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