Common use of Organization, Authority and Significant Subsidiaries Clause in Contracts

Organization, Authority and Significant Subsidiaries. The Company has been duly incorporated and is validly existing and in good standing under the laws of the State of Delaware, with the necessary power and authority to own its properties and conduct its business in all material respects as currently conducted, and except as has not, individually or in the aggregate, had and would not reasonably be expected to have a Company Material Adverse Effect, has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or leases properties or conducts any business so as to require such qualification. Each subsidiary of the Company that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X under the Securities Act of 1933 (the “Securities Act”) (individually a “Significant Subsidiary” and collectively, the “Significant Subsidiaries”) has been duly organized and is validly existing in good standing under the laws of its jurisdiction of organization. The Company’s principal bank subsidiary is duly organized and validly existing as a national banking association and its deposit accounts are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”).

Organization, Authority and Significant Subsidiaries. The Company has been duly incorporated and is validly existing and as a corporation in good standing under the laws of the State of Delaware, with the necessary corporate power and authority to own its properties and conduct its business in all material respects as currently conducted, and and, except as has not, individually not had or in the aggregate, had and would not be reasonably be expected likely to have a Company Material Adverse EffectEffect (as defined in Section 5.8(c)), has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or leases properties properties, or conducts any business so as to require such qualification. Each ; each subsidiary of the Company that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X under the Securities Act of 1933 1933, as amended (the “Securities Act”) (individually a “Significant Subsidiary” and collectively, collectively the “Significant Subsidiaries”) has been duly organized and is validly existing in good standing under the laws of its jurisdiction of organization. The Company’s principal bank subsidiary is duly organized and validly existing as a national banking association and its deposit accounts are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”).

Organization, Authority and Significant Subsidiaries. The Company has been duly incorporated and is validly existing and as a corporation in good standing under the laws of the State of DelawareNew York, with the necessary corporate power and authority to own its properties and conduct its business in all material respects as currently conducted, and and, except as has not, individually not had or in the aggregate, had and would not be reasonably be expected likely to have a Company Material Adverse Effect, has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or leases properties properties, or conducts any business so as to require such qualification. Each ; each subsidiary of the Company that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X under the Securities Act of 1933 1933, as amended (the “Securities Act”) (individually a “Significant Subsidiary” and collectively, collectively the “Significant Subsidiaries”) has been duly organized and is validly existing in good standing under the laws of its jurisdiction of organization. The Company’s principal bank subsidiary is duly organized and validly existing as a national banking association and its deposit accounts are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”).

Organization, Authority and Significant Subsidiaries. The Company Each Issuer has been duly incorporated organized and is validly existing and as a limited partnership in good standing under the laws of the State of Delaware, with the necessary requisite entity power and authority to own its properties and conduct its business in all material respects as currently conducted, and and, except as has not, individually not had or in the aggregate, had and would not be reasonably be expected to have a Company Material Adverse Effect, has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or leases properties properties, or conducts any business so as to require such qualification. Each ; each subsidiary of the Company such Issuer that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X under the Securities Act of 1933 1933, as amended (the “Securities Act”) (individually a “Significant Subsidiary” and collectively, collectively the “Significant Subsidiaries”) has been duly organized and is validly existing in good standing under the laws of its jurisdiction of organization. The Company’s principal bank subsidiary is duly organized and validly existing as a national banking association and its deposit accounts are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”).

Organization, Authority and Significant Subsidiaries. The Company has been duly incorporated and is validly existing and as a corporation in good standing under the laws of the State Republic of Delawarethe Xxxxxxxx Islands, with the necessary corporate power and authority to own its properties and conduct its business and operations in all material respects as currently conducted, and except . Except as has notnot resulted in, individually or in the aggregate, had and would not be reasonably be expected likely to have result in, a Company Material Adverse Effect, the Company has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or leases properties properties, or conducts any business so as to require such qualification. Each subsidiary of the Company that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X under the Securities Act of 1933 (the “Securities Act”) (individually a “Significant Subsidiary” and collectively, collectively the “Significant Subsidiaries”) has been duly organized and is validly existing in good standing under the laws of its jurisdiction of organization. The Company’s principal bank subsidiary is duly organized and validly existing as a national banking association and its deposit accounts are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”).