Common use of Qualification to Carry on Business Clause in Contracts

Qualification to Carry on Business. Each of the Company and the Material Subsidiaries is qualified to carry on business in each jurisdiction in which it carries on its business, except where the failure to be so qualified would not reasonably be expected to: (i) materially adversely affect the condition, financial or otherwise, or the earnings, operations, condition, assets, liabilities (absolute, accrued, contingent or otherwise), share capital or business affairs of the Company and its Material Subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business; or (ii) result in the Registration Statement or the Prospectuses containing a misrepresentation (each, a “Material Adverse Effect”).

Qualification to Carry on Business. Each of the Company and the Material Subsidiaries Subsidiary is qualified to carry on business in and is validly subsisting under the laws of each jurisdiction in which it carries on its business, business except where the failure to be so qualified would not reasonably be expected to: (i) materially adversely affect the condition, financial or otherwise, or the earnings, operations, condition, assets, liabilities (absolute, accrued, contingent or otherwise), share capital or business affairs of the Company and its Material Subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business; business or (ii) result in the Registration Statement or the Prospectuses containing a misrepresentation (each, a “"Material Adverse Effect”").