Common use of Organization and Powers Clause in Contracts

Organization and Powers. Each of Borrower and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the law of the jurisdiction of its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and has all requisite power and authority to own its assets and carry on its business and to execute, deliver and perform its obligations under the Loan Documents.

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the law laws of the its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of the Borrower and its Subsidiaries is a corporation corporation, limited liability company or partnership duly organizedorganized or formed, as the case may be, validly existing and in good standing under the law laws of the jurisdiction of its incorporationincorporation or formation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have result in a Material Adverse Effect and has all requisite power and authority to own its assets and carry on its business and to execute, deliver and perform its obligations under the Loan Documents.

Organization and Powers. Each of Borrower and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the law laws of its jurisdiction of organization (which jurisdiction is set forth on Schedule 5.3(A) as of the jurisdiction Amendment Date). Each of Borrower and its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries is a corporation are limited liability companies, corporations or partnerships duly organized, validly existing and in good standing under the law laws of the its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Except as disclosed on Schedule 5.3(A), Borrower and its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would Subsidiaries have a Material Adverse Effect and has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries the Borrowers is a corporation limited liability company duly organized, validly existing and in good standing under the law laws of its jurisdiction of organization as specified in Schedule 4.1A annexed hereto. Each of the jurisdiction of its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Borrowers has all requisite limited liability company power and authority to own and operate its assets and properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and the other Operative Documents to which it is a party and to execute, deliver and perform its obligations under carry out the Loan Documentstransactions contemplated thereby.

Organization and Powers. Each of Borrower and each of its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the law of the jurisdiction laws of its jurisdiction or incorporation, is qualified to do business . Borrower and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and of its Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of the Borrower and its Subsidiaries is a corporation or partnership duly organizedorganized or formed, as the case may be, validly existing and in good standing under the law laws of the jurisdiction of its incorporationincorporation or formation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have result in a Material Adverse Effect and has all requisite power and authority to own its assets and carry on its business and and, with respect to the Borrower, to execute, deliver and perform its obligations under the Loan Documents.

Organization and Powers. Each of Borrower and each of its Subsidiaries is a corporation corporation, limited liability company or limited partnership duly incorporated or organized, validly existing and in good standing under the law laws of the its jurisdiction of incorporation or organization as specified in Schedule 4.1 annexed hereto. Borrower and each of its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Subsidiaries has all requisite corporate, limited liability company or limited partnership power and authority to own and operate its assets and properties, to carry on its business as now conducted and as proposed to be conducted, to enter into this Agreement and to execute, deliver and perform its obligations under carry out the Loan Documentstransactions contemplated thereby.

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the law of the jurisdiction laws of its jurisdiction or incorporation, is qualified to do business . Each Borrower and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and its Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of Borrower and its Restricted Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the law laws of the its jurisdiction of incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and each of its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Restricted Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of Borrower and its Significant Subsidiaries is a corporation duly organized, validly existing and in good standing under the law laws of its jurisdiction of organization (which jurisdiction is set forth on Schedule 5.3(A) as of the jurisdiction Closing Date). Each of Borrower and its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Significant Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of the Borrower and its Material Subsidiaries is a corporation or partnership duly organizedorganized or formed, as the case may be, validly existing and in good standing under the law laws of the jurisdiction of its incorporationincorporation or formation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have result in a Material Adverse Effect and has all requisite power and authority to own its assets and carry on its business and and, with respect to the Borrower, to execute, deliver and perform its obligations under the Loan Documents.

Organization and Powers. Each of the Borrower and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the law laws of the its jurisdiction of its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect incorporation and has all requisite corporate power and authority to own and operate its assets properties and to carry on its business as now conducted and proposed to be conducted. The Borrower has all requisite corporate power and authority to enter into this Agreement and each of the other Loan Documents and to execute, deliver and perform its obligations under carry out the Loan Documentstransactions contemplated hereby.

Organization and Powers. Each of Borrower and its ----------------------- Subsidiaries is a corporation duly organized, validly existing and in good standing under the law laws of the its jurisdiction of organization (which jurisdiction is set forth on Schedule 5.3(A)). Each of Borrower and its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its respective obligations under the Loan Documentswith respect thereto.

Organization and Powers. Each of Borrower and its Subsidiaries is a limited liability company, corporation or partnership duly organized, validly existing and in good standing under the law laws of the its jurisdiction of organization or incorporation (which jurisdiction is set forth on Schedule 5.3(A)). Borrower and its incorporation, is qualified to do business and is in good standing in each jurisdiction in which the failure so to qualify or be in good standing would have a Material Adverse Effect and Subsidiaries has all requisite legal power and authority to own and operate its assets and properties, to carry on its business as now conducted and proposed to be conducted, to enter into each Loan Document to which it is a party and to execute, deliver and perform carry out its obligations under the Loan Documentswith respect thereto.