Common use of Organization and Good Standing; Subsidiaries Clause in Contracts

Organization and Good Standing; Subsidiaries. (a) The Company (i) is a corporation that is duly organized, validly existing and in good standing under the Law of the State of Delaware, (ii) has corporate power and authority to own, lease and operate its properties and assets and to conduct its business as currently conducted and (iii) is duly qualified or licensed to do business as a foreign corporation and is in good standing (with respect to jurisdictions that recognize such concept) in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification or licensing necessary, except, with respect to clause (iii), where the failure to be so qualified or licensed has not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.

Organization and Good Standing; Subsidiaries. (a) The Company (i) is a corporation that is duly organized, validly existing existing, and in good standing under the Law of the State of Delaware, (ii) has corporate power and authority to own, lease lease, and operate its properties and assets and to conduct its business as currently conducted conducted, and (iii) is duly qualified or licensed to do business as a foreign corporation and is in good standing (with respect to jurisdictions that recognize such concept) in each jurisdiction where the character of the properties owned, leased leased, or operated by it or the nature of its business makes such qualification or licensing necessary, necessary except, with respect to clause (iii), where the failure to be so qualified or licensed has not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.

Organization and Good Standing; Subsidiaries. (a) The a)The Company (i) is a corporation that is duly organized, validly existing existing, and in good standing under the Law of the State of Delaware, (ii) has corporate power and authority to own, lease lease, and operate its properties and assets and to conduct its business as currently conducted conducted, and (iii) is duly qualified or licensed to do business as a foreign corporation and is in good standing (with respect to jurisdictions that recognize such concept) in each jurisdiction where the character of the properties owned, leased leased, or operated by it or the nature of its business makes such qualification or licensing necessary, necessary except, with respect to clause (iii), where the failure to be so qualified or licensed has not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.