Qualification and Good Standing. Each Corporate Loan Party is qualified to do business and in good standing, and each Partnership Loan Party is authorized as a foreign partnership to do business, in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Credit Agreement (Anthony Crane Rental Holdings Lp), Revolving Credit Agreement (Anthony Crane Holdings Capital Corp), Pledge and Security Agreement (Anthony Crane Rental Lp)
Qualification and Good Standing. Each Corporate Loan Party is qualified to do business and in good standing, and each Partnership Loan Party is authorized as a foreign limited partnership to do business, in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified qualified, authorized or in good standing has not had and will not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Credit Agreement (Account Portfolios Gp Inc), Security Agreement (Outsourcing Solutions Inc), Credit Agreement (Sherman Acquisition Corp)
