Common use of Organizational Status Clause in Contracts

Organizational Status. The Company and each of its Restricted Subsidiaries (i) is a duly organized or incorporated and validly existing organization in good standing under the law of the jurisdiction of its organization or incorporation (to the extent such concept exists and is applicable under the Requirements of Law of the relevant jurisdiction), (ii) has the organizational power and authority to own its property and assets and to transact the business in which it is engaged, except to the extent that any failure to have such organizational power and authority would not reasonably be expected to have a Material Adverse Effect and (iii) is, to the extent such concepts exists and is applicable under the Requirements of Law of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could not reasonably be expected to have, a Material Adverse Effect.

Organizational Status. The Company Each of Holdings, the Lead Borrower and each of its their Restricted Subsidiaries (i) is a duly organized or incorporated and validly existing organization corporation, partnership, limited liability company or unlimited liability company, as the case may be, in good standing under the law laws of the jurisdiction of its organization or incorporation (incorporation, to the extent such concept exists and is applicable under the Requirements of Law of the relevant jurisdiction)applicable, (ii) has the organizational corporate, partnership, limited liability company or unlimited holding company power and authority authority, as the case may be, to own its property and assets and to transact the business in which it is engaged, except engaged and presently proposes to the extent that any failure to have such organizational power and authority would not reasonably be expected to have a Material Adverse Effect engage and (iii) is, to the extent such concepts exists and is are applicable under the Requirements of Law laws of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could would not reasonably be expected to have, a Material Adverse Effect.

Organizational Status. The Company Each of Holdings, the Borrower and each of its Restricted Subsidiaries (i) is a duly organized or incorporated and validly existing organization corporation, partnership, limited liability company or unlimited liability company, as the case may be, in good standing under the law of the jurisdiction of its organization or incorporation (to the extent such concept exists and is applicable applicable) under the Requirements of Law laws of the relevant jurisdiction)jurisdiction of its organization, (ii) has the organizational corporate, partnership, limited liability company or unlimited holding company power and authority authority, as the case may be, to own its property and assets and to transact the business in which it is engaged, except engaged and presently proposes to the extent that any failure to have such organizational power and authority would not reasonably be expected to have a Material Adverse Effect engage and (iii) is, to the extent such concepts exists and is are applicable under the Requirements of Law laws of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could aggregate would not reasonably be expected to have, have a Material Adverse Effect.

Organizational Status. The Company Each of Holdings, the Borrower and each of its Restricted Subsidiaries (i) is a duly organized or incorporated and validly existing organization corporation, partnership, limited liability company or unlimited liability company, as the case may be, in good standing under the law of the jurisdiction of its organization or incorporation (to the extent such concept exists and is applicable applicable) under the Requirements of Law laws of the relevant jurisdiction)jurisdiction of its organization, (ii) has the organizational corporate, partnership, limited liability company or unlimited holding company power and authority authority, as the case may be, to own its property and assets and to transact the business in which it is engaged, except engaged and presently proposes to the extent that any failure to have such organizational power and authority would not reasonably be expected to have a Material Adverse Effect engage and (iii) is, to the extent such concepts exists and is are applicable under the Requirements of Law laws of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could aggregate would not reasonably be expected to have, have a Material Adverse Effect.. 8.02

Organizational Status. The Company Borrower and each of its Restricted Subsidiaries (i) is a duly organized or incorporated and validly existing organization in good standing under the law of the jurisdiction of its organization or incorporation (to the extent such concept exists and is applicable under the Requirements of Law of the relevant jurisdiction), (ii) has the organizational power and authority to own its property and assets and to transact the business in which it is engaged, except to the extent that any failure to have such organizational power and authority would not reasonably be expected to have a Material Adverse Effect and (iii) is, to the extent such concepts exists and is applicable under the Requirements of Law of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could not reasonably be expected to have, a Material Adverse Effect.

Organizational Status. The Company and each of its Restricted Subsidiaries (i) is a duly organized or incorporated and validly existing organization corporation, partnership, limited liability company or unlimited liability company, as the case may be, in good standing under the law laws of the jurisdiction of its organization or incorporation (incorporation, to the extent such concept exists and is applicable under the Requirements of Law of the relevant jurisdiction)applicable, (ii) has the organizational corporate, partnership, limited liability company or unlimited holding company power and authority authority, as the case may be, to own its property and assets and to transact the business in which it is engaged, except engaged and presently proposes to the extent that any failure to have such organizational power and authority would not reasonably be expected to have a Material Adverse Effect engage and (iii) is, to the extent such concepts exists and is are applicable under the Requirements of Law laws of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could not reasonably be expected to have, a Material Adverse Effect.