Common use of Organization; Power; Qualification Clause in Contracts

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect.

Appears in 4 contracts

Samples: Ridgeview Inc, Ridgeview Inc, Ridgeview Inc

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Organization; Power; Qualification. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which the Borrower is qualified to do business as a foreign corporation are listed on SCHEDULE 5.1(a).

Appears in 2 contracts

Samples: Loan and Security Agreement (Dataflex Corp), Loan and Security Agreement (Airport Systems International Inc)

Organization; Power; Qualification. Each The Borrower is a corporation, corporation duly organizedorganized or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporationincorporation or formation, has the corporate power and authority to own or lease its respective properties and to carry on its respective business as now being and hereafter proposed to be conducted and is duly qualified and is in good standing as a foreign corporation, partnership or other legal entity, and authorized to do business business, in each jurisdiction in which the nature of its business requires such qualification or authorization and where the failure to be in good standing, so qualified and or authorized would have could reasonably be expected to have, in each instance, a Materially Material Adverse Effect.

Appears in 2 contracts

Samples: Subordinated Credit Agreement (Rouse Properties, Inc.), Subordinated Credit Agreement (Rouse Properties, Inc.)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Female Health Co), Loan Agreement (Female Health Co)

Organization; Power; Qualification. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization and where the failure to be so qualified and authorized would have a Materially Material Adverse EffectEffect on the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Headhunter Net Inc), Credit Agreement (Omnicom Group Inc)

Organization; Power; Qualification. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the its jurisdiction of its incorporationorganization, has having the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization and the failure to be so qualified and authorized qualify would have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmi Industries Inc)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which each Borrower is qualified to do business as a foreign corporation are listed on SCHEDULE 5.01(a).

Appears in 1 contract

Samples: Loan and Security Agreement (Ild Telecommunications Inc)

Organization; Power; Qualification. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would could reasonably be expected to have a Materially Adverse Effect, which jurisdictions are listed on Schedule 5.1(a).

Appears in 1 contract

Samples: Loan Agreement (Us Franchise Systems Inc/)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization and where the failure to be so qualified and authorized would have a Materially Material Adverse EffectEffect on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Headhunter Net Inc)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would could reasonably be expected to have a Materially Adverse Effect. The jurisdictions in which each Borrower is qualified to do business as a foreign corporation are listed on SCHEDULE 5.1(a).

Appears in 1 contract

Samples: Loan and Security Agreement (Galileo Corp)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which each Borrower is qualified to do business as a foreign corporation are listed on SCHEDULE 5.1(a).

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect.qualified

Appears in 1 contract

Samples: Ridgeview Inc

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Organization; Power; Qualification. Each Borrower is a corporationan entity, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationorganization, has the corporate entity power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which each Borrower is qualified to do business as a foreign entity are listed on SCHEDULE 5.1.1.

Appears in 1 contract

Samples: Loan Agreement (Offshore Tool & Energy Corp)

Organization; Power; Qualification. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which the Borrower is qualified to do business as a foreign corporation are listed on SCHEDULE 6.1(A).

Appears in 1 contract

Samples: Loan and Security Agreement (Supreme International Corp)

Organization; Power; Qualification. Each The Borrower is a corporation, corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, has the corporate power and authority authority, corporate and otherwise, to own or lease and operate its properties and to carry on its business as now being and hereafter proposed to be conducted conducted, and is duly qualified and is in good standing as a foreign corporation, and authorized to do business business, in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effectthe character of its properties or the nature of its business requires such qualification or authorization.

Appears in 1 contract

Samples: Security Agreement (American Artists Film Corp/Mo/)

Organization; Power; Qualification. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which each Borrower is qualified to do business as a foreign corporation are listed on Schedule 5.01(a).

Appears in 1 contract

Samples: Loan and Security Agreement (Intellicall Inc)

Organization; Power; Qualification. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Adverse Effect. The jurisdictions in which the Borrower is qualified to do business as a foreign corporation are listed on Schedule 5.1(a).

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

Organization; Power; Qualification. Each The Borrower is a corporation, corporation duly organized, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, has the corporate power and authority to own or lease its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization, except where the failure of the Borrower to be so qualified and or authorized would not have a Materially Material Adverse Effect.Effect on the Borrower;

Appears in 1 contract

Samples: Loan Agreement (Tractor Supply Co /De/)

Organization; Power; Qualification. Each Borrower is a corporation, ------------------------------------ duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its properties and to carry on its business as now being and hereafter proposed to be conducted and is duly qualified and authorized to do business in each jurisdiction in which failure to be so qualified and authorized would have a Materially Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Female Health Co)

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