Common use of Organization and Powers Clause in Contracts

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, duly organized or formed, as applicable, validly existing and, to the extent such concept applies, in good standing under the laws of its jurisdiction of incorporation or formation, as applicable. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Simmons Co), Credit and Guaranty Agreement (Simmons Co /Ga/), Assignment and Assumption Agreement (Simmons Co /Ga/)

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Organization and Powers. Each of the Credit Party Parties is a corporation, corporation or limited liability company or limited partnership, as applicable, duly organized or formed, as applicable, and validly existing and, to the extent such concept applies, in good standing under the laws of its jurisdiction state of incorporation or formation, as applicableorganization. Each of the Credit Party Parties has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, duly organized or formed, as applicable, validly existing and, to the extent such concept applies, in good standing under the laws of its jurisdiction of incorporation or formation, as applicable. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party this Amendment and to carry out the transactions contemplated thereby.;

Appears in 2 contracts

Samples: Second Forbearance Agreement (Simmons Co), Second Forbearance Agreement (Simmons Co)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, partnership duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction of incorporation or formation, organization as applicablespecified in Schedule 3.1-1 annexed hereto. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

Appears in 2 contracts

Samples: Credit Agreement (Pantry Inc), Credit Agreement (Pantry Inc)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, duly organized or formed, as applicable, validly existing and, to the extent such concept applies, in good standing under the laws of its jurisdiction of incorporation or formation, as applicable. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party this Agreement and to carry out the transactions contemplated thereby.;

Appears in 2 contracts

Samples: Second Forbearance Agreement (Simmons Co), Second Forbearance Agreement (Simmons Co)

Organization and Powers. Each Credit Party is a corporation, limited liability company company, partnership or limited partnership, as applicable, partnership duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction state of incorporation or formation, as applicableorganization. Each Credit Party has all requisite corporate corporate, partnership or other organizational limited partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, corporation duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction state of incorporation or formation, as applicableincorporation. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Regent Communications Inc)

Organization and Powers. Each Credit Party is a corporation, limited liability company company, partnership or limited partnership, as applicable, partnership duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction state of incorporation or formation, as applicableorganization. Each Credit Party has all requisite corporate corporate, limited liability company, partnership or other organizational limited partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted. Each Credit Party has all requisite corporate, limited liability company, partnership or limited partnership power and authority to enter into the Credit Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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Organization and Powers. Each Credit Party is a corporation, corporation or limited liability company or limited partnership, as applicablecompany, duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction of incorporation or formationformation as specified in SCHEDULE 5.1 annexed hereto, as applicablesuch SCHEDULE 5.1 may be supplemented from time to time pursuant to the provisions of this Agreement. Each Credit Party has all requisite corporate or other organizational limited liability company power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into this Agreement and the other Credit Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Wellsford Real Properties Inc)

Organization and Powers. Each Credit Party is a corporation, corporation or limited liability company or limited partnershipcompany, as applicable, duly organized or formed, as applicable, validly existing and, to the extent such concept applies, in good standing under the laws of its jurisdiction of incorporation or formation, as applicable. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party this Second Amendment and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, corporation duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction of incorporation or formation, as applicableincorporation. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into and perform under the Credit Documents to which it is a party and Loan Documents, to carry out the transactions contemplated therebythereby and to issue the Notes, in each case to the extent it is a party thereto.

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, partnership duly organized incorporated or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction of incorporation or formation, organization as applicablespecified in Schedule 5.1 annexed hereto. Each Credit Party has all requisite corporate corporate, limited liability company or other organizational limited partnership power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into this Agreement and the other Credit Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Courtside Acquisition Corp)

Organization and Powers. Each Credit Party is a corporation, limited liability company or limited partnership, as applicable, corporation duly organized or formed, as applicableorganized, validly existing and, to the extent such concept applies, and in good standing under the laws of its jurisdiction of incorporation or formation, as applicablespecified in SCHEDULE 4.1. Each Credit Party has all requisite corporate or other organizational power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/)

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