Common use of Existence and Qualification Clause in Contracts

Existence and Qualification. Each Obligor (i) has been duly incorporated, formed, amalgamated, merged or continued, as the case may be, and is validly subsisting as a corporation, company, limited liability company, partnership or trust, under the laws of its jurisdiction of formation, amalgamation, merger or continuance, as the case may; and (ii) is duly qualified, in good standing and has all required Material Licences to carry on its business in each jurisdiction in which the nature of its business requires qualification to the extent necessary to carry on its business.

Existence and Qualification. Each Obligor of the Obligors (i) has been duly incorporated, amalgamated, formed, amalgamated, merged or continued, as the case may be, and is validly subsisting and in good standing as a corporation, company, limited liability company, partnership company or trustpartnership, under the laws of its jurisdiction of formationincorporation, amalgamation, merger merger, formation or continuance, as the case may; and may be, (ii) is duly qualified, in good standing and has all required Material Licences qualified to carry on its business in each jurisdiction in which it carries on business except for non-qualification which has no adverse effect on the nature of its business requires qualification to the extent necessary to carry on its businessBusiness, and (iii) has all required Material Licences.