Common use of Due Organization and Power Clause in Contracts

Due Organization and Power. the Borrower and each of the Subsidiaries are duly formed and are validly existing in good standing under the laws of their respective jurisdictions of incorporation, have duly qualified and are authorized to do business as a foreign corporation in each jurisdiction wherein the nature of the business transacted thereby makes such qualification necessary, have full power to carry on their respective businesses as now being conducted and, in the case of the Borrower, to enter into and perform the Borrower's obligations under each of this Agreement and the Note and have complied with all statutory, regulatory and other requirements relative to such businesses and such agreements the noncompliance with which could reasonably be expected to give rise to a Material Adverse Change;

Due Organization and Power. the Borrower and each Each of the Subsidiaries are Borrowers is duly formed and are validly existing in good standing under the laws of their its respective jurisdictions jurisdiction of incorporation, have has duly qualified and and, insofar as the Borrowers are aware, is authorized to do business as a foreign corporation in each jurisdiction wherein the nature of the business transacted thereby makes such qualification necessary, have has full power to carry on their respective businesses its business as now being conducted and, in the case of the Borrower, and to enter into and perform the Borrower's its respective obligations under each of this Agreement the Transaction Documents to which it is or is to be a party, and the Note and have has complied with all statutory, regulatory and other requirements relative to such businesses business and such agreements the noncompliance with which could reasonably be expected to give rise to have a Material Adverse Change;material adverse effect on its business, assets or operations, financial or otherwise.

Due Organization and Power. the The Borrower and each of the Subsidiaries are duly formed and are validly existing in good standing under the laws of their respective jurisdictions of incorporation, have duly qualified and are authorized to do business as a foreign corporation in each jurisdiction wherein the nature of the business transacted thereby makes such qualification necessary, have full power to carry on their respective businesses as now being conducted and, in the case of the Borrower, to enter into and perform the Borrower's ’s obligations under each of this Agreement and the Note Notes and have complied with all statutory, regulatory and other requirements relative to such businesses and such agreements the noncompliance with which could reasonably be expected to give rise to a Material Adverse Change;