Common use of Creation and Existence Clause in Contracts

Creation and Existence. Borrowers are each a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have all power and authority to own its properties and assets and to transact the business in which it is engaged.

Creation and Existence. Borrowers are each Each Borrower is a corporation duly ---------------------- organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Each Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.

Creation and Existence. Borrowers are each Each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Each Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.

Creation and Existence. Borrowers are each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Borrower has all power and authority to own its properties and assets and to transact the business in which it is engaged.

Creation and Existence. Each of the Borrowers are each is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Each of the Borrowers each have has all power and authority required to own its properties and assets and to transact the business in which it is engaged.

Creation and Existence. Borrowers are each Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it was formed and is duly qualified in all jurisdictions wherein failure to qualify may result in a Material Adverse Effect. Borrowers each have Borrower has all power and authority to own its properties and assets and to transact the business in which it each is engaged.