Common use of Organization, Corporate Powers, Etc Clause in Contracts

Organization, Corporate Powers, Etc. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated; (b) the Company has the corporate power and authority to own its properties and assets and to carry on its business as now being conducted and is qualified to do business in every jurisdiction wherein such qualification is necessary; and (c) the Company has the corporate power to execute, deliver and perform the Loan Documents to which it is a party.

Organization, Corporate Powers, Etc. (a) The Company is a corporation duly organizedincorporated, validly existing and existing, in good standing and authorized to exercise its corporate powers, rights and privileges under the laws of the jurisdiction in which it is incorporated; (b) the Company , is qualified to do business and is in good standing in all jurisdictions where failure to be so qualified and in good standing would have a material adverse effect upon its business, operations or financial condition, and has the all requisite corporate power and authority authority, to conduct its business, to own its properties and assets to execute and deliver, and to carry on perform all of its business as now being conducted obligations under, this Agreement, the Security Agreement, the Control Agreement and is qualified to do business in every jurisdiction wherein such qualification is necessary; and (c) the Company has the corporate power to execute, deliver and perform the Loan Documents to which it is a partyNotes.

Organization, Corporate Powers, Etc. (a) The Company is a corporation duly organizedincorporated, validly existing and existing, in good standing and authorized to exercise its corporate powers, rights and privileges under the laws of the jurisdiction in which it is incorporated; (b) the Company , is qualified to do business and is in good standing in all jurisdictions where failure to be so qualified and in good standing would have a material adverse effect upon its business, operations or financial condition, and has the all requisite corporate power and authority authority, to conduct its business, to own its properties and assets to execute and deliver, and to carry on perform all of its business as now being conducted obligations under, this Agreement, the Security Agreement and is qualified to do business in every jurisdiction wherein such qualification is necessary; and (c) the Company has the corporate power to execute, deliver and perform the Loan Documents to which it is a partyNotes.