Common use of Incorporation; Good Standing Clause in Contracts

Incorporation; Good Standing. Each Borrower (i) is a corporation duly organized, validly existing and in good standing or in current status under the laws of its respective 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 in which its property or business as presently conducted or contemplated makes such qualification necessary except where a failure to be so qualified would not have a material adverse effect on the business, assets or financial condition of such Borrower.

Incorporation; Good Standing. Each Borrower of the Borrowers (i) is a corporation duly organized, validly existing and in good standing or in current status under the laws of its respective 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 in which its property or business as presently conducted or contemplated makes such qualification necessary except where a failure to be so qualified would not have a material adverse effect on the business, assets or financial condition of such Borrower.

Incorporation; Good Standing. Each Borrower (i) is a corporation corporation, limited partnership or limited liability company, as the case may be, duly organized, validly existing and in good standing or in current status under the laws of its respective state of incorporationincorporation or organization, (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 or organization and is duly authorized to do business in each jurisdiction in which its property or business as presently conducted or contemplated makes where such qualification is necessary except where a failure to be so qualified would not have a material materially adverse effect on the business, assets or financial condition of such Borrower.

Incorporation; Good Standing. Each Borrower (i) is a corporation duly organized, validly existing and in good standing or in current status under the laws of its respective 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 in which its property or business as presently conducted or contemplated makes such qualification necessary except where a failure to be so qualified would not have a material materially adverse effect on the business, assets or financial condition of such Borrower.

Incorporation; Good Standing. Each The Borrower (i) is a corporation duly organizedcorporation, validly existing and in good standing or in current status under the laws of its respective state the State of incorporation, New York (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 Collateral is located and in which its property or business as presently conducted or contemplated makes each other jurisdiction where such qualification is necessary except where a failure to be so qualified in such other jurisdiction would not have a material materially adverse effect on the business, assets or financial condition of such the Borrower.

Incorporation; Good Standing. Each The Borrower (i) is a corporation duly organized, validly existing and in good standing or in current status under the laws of its respective state the State of incorporationMaine, (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 in which its property or business as presently conducted or contemplated makes such qualification necessary except where a failure to be so qualified would not have a material adverse effect on the business, assets or financial condition of such the Borrower.

Incorporation; Good Standing. Each Borrower of the Borrowers (i) is a corporation duly organized, validly existing and in good standing or in current status under the laws of its respective state jurisdiction 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 in which its property or business as presently conducted or contemplated makes such qualification necessary except where a failure to be so qualified would not have a material adverse effect on the business, assets or financial condition of such Borrower.