Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. Company 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 could not reasonably be expected to result in a Material Adverse Effect.

Appears in 12 contracts

Samples: Credit Agreement (Ruths Chris Steak House, Inc.), Credit Agreement (Ruths Chris Steak House, Inc.), Credit Agreement (Skilled Healthcare Group, Inc.)

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Qualification and Good Standing. Company 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 could will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 10 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Oakley Inc), Credit Agreement (Afc Enterprises Inc)

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

Appears in 8 contracts

Samples: Intercreditor Agreement (SafeNet Holding Corp), Assignment and Assumption (IntraLinks Holdings, Inc.), Credit Agreement (IntraLinks Holdings, Inc.)

Qualification and Good Standing. Company 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 could would not reasonably be expected to result in a Material Adverse Effect.

Appears in 7 contracts

Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc)

Qualification and Good Standing. Company 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 could not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Qualification and Good Standing. Company 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 could and, to Company's Best Knowledge, will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Players International Inc /Nv/), Credit Agreement (Players International Inc /Nv/), Credit Agreement (Players International Inc /Nv/)

Qualification and Good Standing. Company 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, and is in compliance with all licensing requirements required to carry out its business and operations at such time, except in jurisdictions where the failure to be so qualified or in good standing or licensed has not had and could will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 2 contracts

Samples: Junior Subordinated Loan Agreement (Falcon Financial Investment Trust), Senior Subordinated Loan Agreement (Falcon Financial Investment Trust)

Qualification and Good Standing. Each of the Company and its Subsidiaries is qualified to do business and in good standing in every jurisdiction where its assets Properties 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 could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Online Resources Corp), Equity Purchase Agreement (Online Resources Corp)

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Qualification and Good Standing. The Company is duly qualified to do transact business and is in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its in which the character of the business and operationsconducted by it makes such qualification necessary, except in jurisdictions where the failure to be so qualified would not have a material adverse effect on the business, operations or in good standing has not had financial condition of the Company and could not reasonably be expected to result in its Subsidiaries, taken as a whole (a β€œMaterial Adverse Effect”).

Appears in 1 contract

Samples: Subscription Agreement (American Renal Associates LLC)

Qualification and Good Standing. Company 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 could would not reasonably be expected to result in a Material Adverse Effect.. C.

Appears in 1 contract

Samples: Credit Agreement (Ameriprise Financial Inc)

Qualification and Good Standing. Company is qualified to do business and in good standing in every jurisdiction where its assets are located it owns or leases property 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 could would not be reasonably be expected likely to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Dictaphone Corp /De)

Qualification and Good Standing. The Company 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 could will not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Share Purchase Agreement (Banyan Strategic Realty Trust)

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