Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. The Company and each of the Guarantors is qualified or authorized to do business and is in good standing in the jurisdiction of its organization and in every other jurisdiction where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Sources: Second Lien Subordinated Note Purchase Agreement (NextWave Wireless Inc.), Third Lien Subordinated Exchange Note Exchange Agreement (Manchester Financial Group, LP), Third Lien Subordinated Exchange Note Exchange Agreement (NextWave Wireless Inc.)

Qualification and Good Standing. The Company and each of the Guarantors Guarantor is qualified or authorized to do business and is in good standing in the jurisdiction of its organization and in every other jurisdiction where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Sources: Second Lien Subordinated Note Purchase Agreement (NextWave Wireless Inc.), Intercreditor Agreement (NextWave Wireless Inc.), Parent Guaranty (NextWave Wireless LLC)

Qualification and Good Standing. The Company Company, Parent and each of the Guarantors is qualified or authorized to do business and is in good standing in the jurisdiction of its organization and in every other jurisdiction where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Purchase Agreement (NextWave Wireless Inc.), Note Purchase Agreement (NextWave Wireless Inc.)

Qualification and Good Standing. The Company and each of the Guarantors Subsidiary Guarantor is qualified or authorized to do business and is in good standing in the every jurisdiction of its organization where their respective assets are located and wherever necessary to carry out their respective businesses and operations, except in every other jurisdiction jurisdictions where the failure to be so qualified could or in good standing has not had and would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Microclock Inc)