Common use of Organization and Powers Clause in Contracts

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 10 contracts

Samples: Credit Agreement (CFP Holdings Inc), Credit Agreement (Blackbaud Inc), Credit Agreement (CFP Holdings Inc)

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Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 5 contracts

Samples: Credit Agreement (FWT Inc), Credit Agreement (Goss Graphic Systems Inc), Credit Agreement (Goss Graphic Systems Inc)

Organization and Powers. Each Loan Party is a corporation or partnership duly organized, validly existing and and, to the extent applicable, in good standing under the laws of its jurisdiction of incorporation or organization as specified in Schedule 5.1 annexed heretohereto except to the extent that the failure to be in good standing has not had and will not have a Material Adverse Effect. Each Loan Party has all requisite corporate or partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 5 contracts

Samples: Credit Agreement (Decrane Holdings Co), Credit Agreement (Audio International Inc), Credit Agreement (Decrane Holdings Co)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 5 contracts

Samples: Credit Agreement (Bay Area Warehouse Stores Inc), Credit Agreement (Hines Horticulture Inc), Credit Agreement (Hines Holdings Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 4 contracts

Samples: Credit Agreement (Regency Health Services Inc), Credit Agreement (Smiths Food & Drug Centers Inc), Credit Agreement (Houlihans Restaurant Group Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 4 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Arris Group Inc), Credit Agreement (Prime Hospitality Corp)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 4.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby. Each Loan Party is in compliance with all material terms of its Organizational Documents.

Appears in 4 contracts

Samples: Credit Agreement (Danielson Holding Corp), Credit Agreement (Covanta Energy Corp), Credit Agreement (Covanta Energy Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction state of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby. Company has all requisite corporate power and authority to issue and pay the Notes.

Appears in 4 contracts

Samples: Credit Agreement (Aurora Foods Inc /De/), Security Agreement (MBW Foods Inc), Security Agreement (Aurora Foods Inc /Md/)

Organization and Powers. Each of the Loan Party Parties is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in (which jurisdiction is set forth on Schedule 5.1 annexed hereto5.4(A)). Each of the Loan Party Parties has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the each Loan Documents and Related Agreements Document to which it is a party and to carry out the transactions contemplated therebyhereby.

Appears in 3 contracts

Samples: Credit Agreement (Aki Holding Corp), Credit Agreement (Aki Holding Corp), Credit Agreement (Aki Inc)

Organization and Powers. Each Loan Party is a corporation legal entity duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoformation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements the Material Contracts to which it is a party and to carry out the transactions contemplated thereby.

Appears in 3 contracts

Samples: Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data Facilities Company, Inc.)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule SCHEDULE 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 3 contracts

Samples: Company Credit Agreement (Wj Communications Inc), Credit Agreement (Penton Media Inc), Credit Agreement (Andros Holdings Inc)

Organization and Powers. Each of the Loan Party Parties is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in (which jurisdiction is set forth on Schedule 5.1 annexed hereto5.4(A)). Each of the Loan Party Parties has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and each Related Agreements Transactions Document to which it is a party and to carry out the transactions contemplated therebyRelated Transactions.

Appears in 2 contracts

Samples: Credit Agreement (Acorn Products Inc), Credit Agreement (Acorn Products Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Wolverine Tube Inc), Credit Agreement (Central Garden & Pet Company)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 4.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (E Spire Communications Inc), Credit Agreement (E Spire Communications Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each ------------ Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Diamond Brands Operating Corp), Security Agreement (Diamond Brands Operating Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Falcon Products Inc /De/), Credit Agreement (Autotote Corp)

Organization and Powers. Each Loan Party is a corporation duly corporation, partnership or limited liability company organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate corporate, partnership or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Dominos Inc), Credit Agreement (Dominos Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 SCHEDULE 4.1D annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party party, to consummate the IPO and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Integrated Defense Technologies Inc), Credit Agreement (Integrated Defense Technologies Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing organized and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conductedconducted (except, in each case, where a lack of such corporate power and authority could not be expected to have, individually or in the aggregate, a Material Adverse Effect), to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Brand Intermediate Holdings Inc), Credit Agreement (Brand Services)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 SCHEDULE 5.1A annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (Petco Animal Supplies Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation as specified in Schedule 5.1 annexed heretohereto as said Schedule 5.1 may be supplemented from time to time pursuant to the provisions of subsection 6.1 (xvi). Each Loan Party has all requisite corporate or other power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each ------------ Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Wec Co), Credit Agreement (Sandhills Inc)

Organization and Powers. Each Loan Party is a corporation duly ----------------------- organized, validly existing and in good standing under the laws of its jurisdiction state of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby. Company has all requisite corporate power and authority to issue and pay the Notes.

Appears in 2 contracts

Samples: Credit Agreement (Aurora Foods Inc /De/), Credit Agreement (Aurora Foods Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite corporate power and authority to own and operate its properties and to carry on its business as specified in Schedule 5.1 annexed heretonow conducted and proposed to be conducted. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the this Agreement, each other Loan Documents and Related Agreements Document to which it is a party party, and to carry out the transactions contemplated hereby and thereby.

Appears in 1 contract

Samples: Credit Agreement (Mac Frugals Bargains Close Outs Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule SCHEDULE 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Vertex Aerospace Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business substantially as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Zilog Inc)

Organization and Powers. Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 5.1A annexed hereto. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements Project Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Precision Engine Products Corp)

Organization and Powers. Each of the Loan Party Parties is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto(which jurisdiction is set forth on SCHEDULE 4.1(A)). Each of the Loan Party Parties has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the each Loan Documents and Related Agreements Document to which it is a party and to carry out the transactions contemplated therebytherein.

Appears in 1 contract

Samples: Credit Agreement (Krystal Company)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed heretohereto as said Schedule 5.1 may be supplemented from time to time pursuant to the provisions of subsection 6.1(xv). Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 4.1D annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby. Newco has the requisite power and authority to consummate the Acquisition.

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretohereto as it may be supplemented pursuant to subsection 6.1(xvi). Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Revolving Loan Documents and Documents, the Related Agreements and the Anagram Acquisition Agreement to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership or limited partnership, as the case may be, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation, as the case may be, as specified in Schedule 5.1 5.1A ------------- annexed hereto. Each Loan Party has all requisite corporate or other power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Price Communications Wireless Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 4.1 annexed heretohereto as it may be supplemented pursuant to subsection 5.1(xvi). Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the AXEL Loan Documents and Documents, the Related Agreements and the Anagram Acquisition Agreement to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Axel Credit Agreement (Amscan Holdings Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, limited liability company or trust, as the case may be, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 4.1(d) annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Viasource Communications Inc)

Organization and Powers. Each Loan Party is a corporation an organization duly organized, validly existing and and, except as set forth on Schedule 5.1A, in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoorganization. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Priority Secured Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated therebyhereby and thereby and, in the case of Borrowers, to issue and pay the Notes.

Appears in 1 contract

Samples: Priority Secured Credit Agreement (Loews Cineplex Entertainment Corp)

Organization and Powers. Each Loan Party is a corporation (or local equivalent) duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule SCHEDULE 5.1 annexed hereto, except where failure to be in good standing has not had and could not reasonably be expected to have a Material Adverse Effect. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Prime Succession Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

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Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 4.1A annexed hereto. Each such Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Benedek License Corp)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule SCHEDULE 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 4.1 annexed heretohereto as it may be supplemented pursuant to subsection 5.1(xvi). Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the AXEL Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Axel Credit Agreement (JCS Realty Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into and perform its obligations under the Loan Documents and Related Agreements to which it is a party and Documents, to carry out the transactions contemplated therebythereby and to issue and pay the Notes, in each case to the extent it is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Bell & Howell Operating Co)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule SCHEDULE 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Wavetek U S Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, limited liability company or trust, as the case may be, duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 SCHEDULE 4.1(D) annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Viasource Communications Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power corporate, limited liability company or partnership power, as applicable, and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party Borrower has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Oakley Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Sunrise Medical Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which the Merger Agreement if it is a party thereto and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Organization and Powers. Each Loan Party is a corporation duly ----------------------- organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each ------------ Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Dominos Pizza Government Services Division Inc)

Organization and Powers. Each Loan Party is a corporation or other business entity duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation as specified in Schedule 5.1 annexed hereto. Each Loan Party hereto and has all requisite corporate or other power and authority to own and operate its properties, properties and to carry on its business as now conducted and as proposed to be conducted, . Each Loan Party has all requisite corporate or other power and authority to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Boyds Collection LTD)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretohereto as it may be supplemented pursuant to subsection 6.1(xvi). Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Revolving Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (JCS Realty Corp)

Organization and Powers. Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 5.1A annexed hereto. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements the other Operative Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

Organization and Powers. Each Loan Party is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 5.1A annexed hereto. Each Loan Party has all requisite corporate or partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Optel Inc)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and and, except as provided in Schedule 5.1A, in good ------------- standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the Related Agreements to which it is a party and to carry out the transactions contemplated therebyhereby and thereby and, in the case of Company, to issue and pay the Notes.

Appears in 1 contract

Samples: Credit Agreement (LTM Holdings Inc)

Organization and Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

Organization and Powers. Each Loan Party is a corporation or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization as specified in Schedule 5.1 annexed hereto, except for Loan Parties that cease to be in good standing to the extent permitted by Section 6.2. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Protocol Communications Inc)

Organization and Powers. Each Loan Party is a corporation an organization duly organized, validly existing and and, except as set forth on Schedule 5.1A, in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoorganization. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Term Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated therebyhereby and thereby and, in the case of Company, to issue and pay the Notes.

Appears in 1 contract

Samples: Term Loan Agreement (Loews Cineplex Entertainment Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed heretoincorporation. Each Loan Party Company has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Oakley Inc)

Organization and Powers. Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 SCHEDULE 5.1A annexed hereto. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements Project Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Organization and Powers. Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 SCHEDULE 5.1A annexed hereto. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements the other Operative Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 4.1D annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Term Loan Agreement (Oxford Health Plans Inc)

Organization and Powers. Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation organization as specified in Schedule 5.1 5.1A annexed hereto. Each Loan Party has all requisite corporate or limited liability company power and authority to own and operate its properties, to 77 carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements the other Operative Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

Organization and Powers. Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Mitel Corp)

Organization and Powers. Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule SCHEDULE 5.1 annexed heretohereto (except ValueRx of Iowa, Inc. and MHI, Inc.). Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Express Scripts Inc)

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