Common use of Legal Status Clause in Contracts

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of CaliforniaNevada, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, corporation duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (business, and is in good standing as a foreign corporation, if applicable) , in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State state of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of Delaware, each of Borrower and each Guarantor is qualified or licensed to do business in California and is in good standing as a foreign corporation in California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all other jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on BorrowerMaterial Adverse Effect.

Legal Status. Borrower is a corporation, joint venture duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (business, and is in good standing as a foreign corporation, if applicable) , in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, corporation duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (business, and is in good standing as a foreign corporation, if applicable) , in all jurisdictions in which such qualification or licensing is required or in which required, except where the failure to so qualify or to be so licensed could would not have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower. Southwest owns one hundred percent (100%) of the stock of Borrower.

Legal Status. Borrower is a corporationgeneral partnership, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. (a) Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or and in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.; and (b) no member of the Borrowing Group (as defined below) is a Sanctioned Target (as defined below) of economic or financial sanctions,

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State state of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or and in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could reasonably be expected to have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, corporation duly organized and existing and in good standing under the laws of the State of CaliforniaNevada, and is qualified or licensed to do business (business, and is in good standing as a foreign corporation, if applicable) , in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporationCORPORATION, duly organized and existing and in good standing under the laws of the State of CaliforniaCALIFORNIA, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify be qualified or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State state of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification Qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State of CaliforniaNevada, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower."

Legal Status. Borrower is a corporationlimited partnership, duly organized and existing and in good standing under the laws of the State state of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.

Legal Status. Borrower is a corporationborrower, duly organized and existing and in good standing under the laws of the State of California, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could reasonably be expected to have a material adverse effect on Borrower.

Legal Status. Borrower is a corporation, duly organized and existing and in good standing under the laws of the State state of CaliforniaNevada, and is qualified or licensed to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower.