Due Incorporation, Qualification, etc. Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the State of Maryland; (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed could reasonably be expected to have a material adverse effect on Borrower.
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Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Voting Agreement (Elsztain Eduardo S), Voting Agreement (Condor Hospitality Trust, Inc.)
Due Incorporation, Qualification, etc. Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the State its state of Maryland; incorporation, (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; conducted and (iii) is duly qualified, licensed qualified to do business and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed could reasonably be expected to have a material adverse effect impact on Borrower.
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Samples: Security Agreement (Cell Genesys Inc), Credit Agreement (Cell Genesys Inc)
Due Incorporation, Qualification, etc. Borrower (i) is a corporation duly organized, validly existing and in good standing under the laws of the State its jurisdiction of Marylandincorporation; (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business and in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed could is reasonably be expected likely to have a material adverse effect on BorrowerMaterial Adverse Effect.
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