Representations and Warranties of Each Designated Borrower Sample Clauses

Representations and Warranties of Each Designated Borrower. Each Designated Borrower represents and warrants to the Lenders that:
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Representations and Warranties of Each Designated Borrower. Each Designated Borrower represents and warrants to the Lenders that: Organization and Corporate Powers. Such Designated Borrower (i) is a company duly formed and validly existing and in good standing under the laws of the state or country of its organization (such jurisdiction being hereinafter referred to as the “Home Country”) and (ii) has the requisite power and authority to own its property and assets and to carry on its business substantially as now conducted except where the failure to have such requisite authority would not reasonably be expected to have a Material Adverse Effect.

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