Common use of Existence, Power and Authority Clause in Contracts

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect. (b) The Borrower and each of its Subsidiaries has the power and authority to execute, deliver and perform its respective obligations under the Loan Documents to which it is or may become a party.

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its CHAR1\1991350v2 business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect. (b) The Borrower and each of its Subsidiaries has the power and authority to execute, deliver and perform its respective obligations under the Loan Documents to which it is or may become a party.

Existence, Power and Authority. (a) The Borrower and each of its Subsidiaries: Subsidiaries is (i) is duly organized, validly existing existing, and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect.; (b) The Borrower and each of its Subsidiaries has the power and authority to execute, deliver deliver, and perform its respective obligations under the Loan Documents to which it is or may become a party.

Existence, Power and Authority. (a) The Borrower Parent and each of its Subsidiaries: Subsidiaries is (i) is duly organized, validly existing existing, and in good standing under the laws of the jurisdiction of its organization; (ii) has all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a Material Adverse Effect.; (b) The Borrower Parent and each of its Subsidiaries has the power and authority to execute, deliver deliver, and perform its respective obligations under the Loan Transaction Documents to which it is or may become a party.