Common use of Qualification and Good Standing Clause in Contracts

Qualification and Good Standing. Each Borrower and each Material Subsidiary 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 to the extent that the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

Qualification and Good Standing. Each member of the Borrower and each Material Subsidiary Group 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 to the extent that 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.

Qualification and Good Standing. Each Borrower and each Material Subsidiary 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 to the extent that the failure to be so qualified or in good standing has not had and will not could reasonably be expected to have a Material Adverse Effect.

Qualification and Good Standing. Each Borrower and each Material Subsidiary of the Borrowers 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 to the extent that 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.