Common use of Organisation and Qualification Clause in Contracts

Organisation and Qualification. (a) The Company and each of its Subsidiaries is duly qualified to do business and is in good standing in every jurisdiction in which its ownership of material property or the nature of its Business makes such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a Material Adverse Effect.

Organisation and Qualification. (a) The Company and each of its Subsidiaries is duly qualified to do business and is in good standing in every jurisdiction in which its ownership of material property or the nature of its Business makes such qualification necessary, except to the extent that the failure to be so qualified necessary and without such qualification or be in good standing there would not have be a Company Material Adverse Effect.