Common use of Organization; Subsidiaries Clause in Contracts

Organization; Subsidiaries. (a) The Company is a corporation duly organized and existing in good standing under the laws of the State of Connecticut and has the corporate power to own its property and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary and where the failure to so qualify could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Organization; Subsidiaries. (a) The Company is a corporation duly organized and existing in good standing under the laws of the State of Connecticut and has the corporate power to own its property and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary and where the failure to so qualify couldcould not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Organization; Subsidiaries. (a) The Company is a corporation duly organized organized, validly existing and existing in good standing under the laws of the State of Connecticut and Delaware, has the all requisite corporate power and authority to own own, lease and operate its property properties and assets and to carry on its business as now being conducted. The Company , and is duly qualified or licensed to do business and, where applicable as a legal concept, is in good standing as a foreign corporation to do business and is in good standing in every each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted or property owned by it makes such qualification necessary and where the failure to so qualify could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effectlicensing necessary.

Organization; Subsidiaries. (a) The Company is a corporation duly organized and existing in good standing under the laws of the State 4 of Connecticut and has the corporate power to own its property and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary and where the failure to so qualify could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Organization; Subsidiaries. (a) The Company is a corporation duly organized incorporated, validly existing and existing in good standing under the laws Laws of the State of Connecticut Delaware and has the all necessary corporate power and authority: (i) to conduct its business in the manner in which its business is currently being conducted; (ii) to own or lease and use its property and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is assets in good standing in every jurisdiction the manner in which the nature of the business conducted its property and assets are currently owned or property owned by it makes such qualification necessary leased and where the failure to so qualify could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effectused.

Organization; Subsidiaries. (a) The Company is a corporation duly organized and existing in good standing under the laws of the State of Connecticut and has the corporate power to own its property and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property 4 owned by it makes such qualification necessary and where the failure to so qualify could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.