Common use of Organization; Powers; Ownership of Property Clause in Contracts

Organization; Powers; Ownership of Property. The Guarantor and each of its Subsidiaries (other than Unrestricted Subsidiaries) (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation, except, with respect to such Subsidiaries, where the failure to be validly existing or in good standing is not reasonably likely to result in a Material Adverse Effect, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted, (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify is not reasonably likely to result in a Material Adverse Effect, (d) as to the Guarantor only, has the power and authority to execute, deliver and perform its obligations under this Guarantee and Agreement, and (e) owns and has good and marketable title to all of its properties and assets, subject to no Liens other than those permitted by Section 4.11 hereof, except where the failure to own or to have good and marketable title to such property or asset is not reasonably likely to result in a Material Adverse Effect.

Organization; Powers; Ownership of Property. The Guarantor Borrower -------------------------------------------------------- and each of its Subsidiaries (other than Unrestricted Subsidiaries) (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation, except, with respect to such Subsidiaries, where the failure to be validly existing or in good standing is not reasonably likely to result in a Material Adverse Effect, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted, (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify is not reasonably likely to result in a Material Adverse Effect, (d) as to the Guarantor Borrower only, has the power and authority to execute, deliver and perform its obligations under this Guarantee Agreement and Agreementthe other Loan Documents, and (e) owns and has good and marketable title to all of its properties and assets, subject to no Liens other than those permitted by Section 4.11 6.11 hereof, except where the failure to own or to have good and marketable title to such property or asset is not reasonably likely to result in a Material Adverse Effect.

Organization; Powers; Ownership of Property. The Guarantor Borrower ------------------------------------------- and each of its Subsidiaries (other than Unrestricted Subsidiaries) (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation, except, with respect to such Subsidiaries, where the failure to be validly existing or in good standing is not reasonably likely to result in a Material Adverse Effect, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted, (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify is not reasonably likely to result in a Material Adverse Effect, (d) as to the Guarantor Borrower only, has the power and authority to execute, deliver and perform its obligations under this Guarantee Agreement and Agreementthe other Loan Documents, and (e) owns and has good and marketable title to all of its properties and assets, subject to no Liens other than those permitted by Section 4.11 6.11 hereof, except where the failure to own or to have good and marketable title to such property or asset is not reasonably likely to result in a Material Adverse Effect.

Organization; Powers; Ownership of Property. The Guarantor Borrower and each of its Subsidiaries (other than Unrestricted Subsidiaries) (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation, except, with respect to such Subsidiaries, where the failure to be validly existing or in good standing is not reasonably likely to result in a Material Adverse Effect, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted, (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify is not reasonably likely to result in a Material Adverse Effect, (d) as to the Guarantor Borrower only, has the power and authority to execute, deliver and perform its obligations under this Guarantee Agreement and Agreementthe other Loan Documents, and (e) owns and has good and marketable title to all of its properties and assets, subject to no Liens other than those permitted by Section 4.11 6.11 hereof, except where the failure to own or to have good and marketable title to such property or asset is not reasonably likely to result in a Material Adverse Effect.