Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 45 contracts

Samples: Credit Agreement (Safeway Inc), Credit Agreement (Decrane Holdings Co), Credit Agreement (Decrane Aircraft Holdings Inc)

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Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not reasonably be expected to have a Material Adverse Effect.

Appears in 26 contracts

Samples: Credit Agreement (Express Scripts Inc), Credit Agreement (Express Scripts Inc), Credit Agreement (Express Scripts Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 14 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not reasonably be expected to have a Material Adverse Effect.

Appears in 9 contracts

Samples: Credit Agreement (Las Vegas Sands Corp), Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (Las Vegas Sands Corp)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions jurisdictions, individually or in the aggregate for all such jurisdictions, where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Goss Graphic Systems Inc), Multicurrency Credit Agreement (Goss Graphic Systems Inc), Credit Agreement (Falcon Products Inc /De/)

Qualification and Good Standing. Each Loan Party is qualified to do business and is in good standing in every each jurisdiction where its assets are located and wherever necessary to carry out the ownership, leasing or operation of property or conduct of its business and operationsrequires such qualification, except in jurisdictions where the failure to be so qualified or in good standing has could not had and will not have reasonably be expected to result in a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Danielson Holding Corp), Credit Agreement (Covanta Energy Corp), Credit Agreement (Covanta Energy Corp)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified qualified, authorized or in good standing has not had and will not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Security Agreement (MBW Foods Inc), Credit Agreement (Aurora Foods Inc), Security Agreement (Aurora Foods Inc /Md/)

Qualification and Good Standing. Each Loan Party is qualified to do business and is in good standing in its jurisdiction of formation or organization and every other jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has could not had and will not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data Facilities Company, Inc.)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, in each case except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not have be likely to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Security Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/)

Qualification and Good Standing. Each Loan Party is qualified to do business and is in good standing to the extent required under the laws of its jurisdiction of incorporation and is duly qualified to do business and is in every good standing as a foreign corporation to the extent required under the laws of each jurisdiction where its assets are located and wherever necessary to carry out the nature of its business and operationsoperations requires such qualification, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Brand Energy & Infrastructure Services, Inc), Credit Agreement (Brand Intermediate Holdings Inc), Credit Agreement (Brand Services)

Qualification and Good Standing. Each Loan Party is qualified or authorized to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business businesses and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Real Mex Restaurants, Inc.), Credit Agreement (Real Mex Restaurants, Inc.), Credit Agreement (Real Mex Restaurants, Inc.)

Qualification and Good Standing. Each Loan Party is qualified to ------------------------------- do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified qualified, authorized or in good standing has not had and will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Aurora Foods Inc /De/), Credit Agreement (Aurora Foods Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has could not had and will not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Bell & Howell Operating Co)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have have, either individually or in the aggregate for all such jurisdictions, a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Smiths Food & Drug Centers Inc), Credit Agreement (Smiths Food & Drug Centers Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions 104 where the failure to be so qualified or in good standing has not had and will would not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Diamond Brands Operating Corp), Security Agreement (Diamond Brands Operating Corp)

Qualification and Good Standing. Each Loan Party (other than Land Trusts) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its present business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have have, either individually or in the aggregate for all such jurisdictions, a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Dominicks Supermarkets Inc), Credit Agreement (Dominicks Supermarkets Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The jurisdictions in which each Loan Party and each of its respective Subsidiaries owns property or otherwise conducts business as of the Closing Date are set forth on Schedule 4.1.1 annexed hereto.

Appears in 2 contracts

Samples: Assignment Agreement (Corporate Office Properties Trust), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)

Qualification and Good Standing. Each Loan Party is qualified or authorized to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business businesses and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Transportation Technologies Industries Inc)

Qualification and Good Standing. Each Loan Party is and each of their Restricted Subsidiaries are qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Farmland Industries Inc

Qualification and Good Standing. Each Loan Party is qualified to ------------------------------- do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Dominos Pizza Government Services Division Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where to the extent that the failure to be so qualified or in good standing has not had and will not standing, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Boyds Collection LTD)

Qualification and Good Standing. Each Loan Party is qualified to do business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not have be likely to result in a Material Adverse EffectEffect on such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Qualification and Good Standing. Each Loan Party and each of their Restricted Subsidiaries is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Farmland Industries Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operationsoperation, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Northstar Health Services Inc)

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Qualification and Good Standing. Each Loan Party is qualified to do business and is in good standing in every each jurisdiction where its assets are located and wherever necessary to carry out the ownership, leasing or operation of property or conduct of its business and operationsrequires such qualification, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Grande Communications Holdings, Inc.)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not reasonably be expected to have a Material Adverse Effect.. 91

Appears in 1 contract

Samples: Credit Agreement (Wavetek U S Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its the nature of the assets are located and wherever necessary to carry out therein or the conduct of its business and operationsoperations make such qualification necessary, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Benedek License Corp)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry 89 EXECUTION out its business and operations, except in jurisdictions jurisdictions, individually or in the aggregate for all such jurisdictions, where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, in each case except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not have be likely to result in a Material Adverse EffectEffect with respect to such Loan Party.

Appears in 1 contract

Samples: Security Agreement (Urs Corp /New/)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its present business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have have, either individually or in the aggregate for all such jurisdictions, a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Bay Area Warehouse Stores Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure failures to be so qualified or in good standing standing, individually or in the aggregate, has not had and will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Ackerley Group Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. The jurisdictions in which each Loan Party and each of its respective Subsidiaries owns property or otherwise conducts business as of the Closing Date are set forth on Schedule annexed hereto.

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified 91 or in good standing has not had and will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Sunrise Medical Inc)

Qualification and Good Standing. Each Loan Party is qualified or authorized to do business and are in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business businesses and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Assignment Agreement (Transportation Technologies Industries Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has could not had and will not reasonably be expected to have a Material Adverse Effect.. C. Conduct of Business. Company and its Subsidiaries are engaged only in the businesses permitted to be engaged in pursuant to subsection 7.14. D.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not reasonably be expected individually or in the aggregate to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Zilog Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.. C.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will would not have be likely to result in a Material Adverse EffectEffect with respect to such Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Qualification and Good Standing. Each of the Loan Party Parties is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not have reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Amf Bowling Worldwide Inc)

Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will could not reasonably be expected to have a Material Adverse EffectEffect and except as set forth on Schedule 6.15 annexed hereto.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Prime Succession Inc)

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