Common use of Organization Powers Qualification Good Standing Business and Subsidiaries Clause in Contracts

Organization Powers Qualification Good Standing Business and Subsidiaries. (a) Organization and Powers Each Loan Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, organization or formation as specified in Schedule 4.1 annexed hereto (to the extent such concept is applicable in the relevant jurisdiction). Each Loan Party has all requisite power and authority to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted, to enter into the Transaction Documents to which it is a party and to carry out the Transactions.

Organization Powers Qualification Good Standing Business and Subsidiaries. (a) A. Organization and Powers Powers. Each Loan Party is a corporation corporation, partnership, trust or limited liability company duly organized, validly existing organized and in good standing under the laws of its jurisdiction of incorporation, organization or formation as specified in Schedule 4.1 5.1 annexed hereto (to the extent such concept is applicable in the relevant jurisdiction)hereto. Each Loan Party has all requisite power and authority to own and operate its properties and properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Transaction Documents to which it is a party and to carry out the Transactions.its