Common use of Organization; Authorization; and Location Clause in Contracts

Organization; Authorization; and Location. (a) The Borrower, the Guarantors, and the European Subsidiaries are duly incorporated, organized, validly existing and in good standing under the laws of the jurisdictions indicated in the first paragraph of this Waiver Agreement, and each is duly authorized to do business, and is duly qualified as a foreign corporation in all jurisdictions wherein the nature of its business or property makes such qualification necessary, and has the corporate power to own its property and to carry on its business as now conducted; (b) The Borrower, the Guarantors, and the European Subsidiaries have the requisite corporate power and authority to execute, deliver and perform this Waiver Agreement and all of the documents executed by it in connection herewith.

Organization; Authorization; and Location. (a) The Borrower, the U.S. Guarantors, and the European Subsidiaries are duly incorporated, organized, validly existing and in good standing under the laws of the jurisdictions indicated in the first paragraph of this Second Waiver Agreement, and each is duly authorized to do business, and is duly qualified as a foreign corporation in all jurisdictions wherein the nature of its business or property makes such qualification necessary, and has the corporate power to own its property and to carry on its business as now conducted; (b) The Borrower, the U.S. Guarantors, and the European Subsidiaries have the requisite corporate power and authority to execute, deliver and perform this Second Waiver Agreement and all of the documents executed by it in connection herewith.