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Corporate Existence and Standing. Each of the Company and its Subsidiaries is a corporation, partnership, limited liability company or other organization duly incorporated or organized, validly existing and in good standing (to the extent such concept is applicable to such entity) under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to be in good standing or authorized to conduct business would have a Material Adverse Effect.

Section # Corporate Existence and Standing. Each of the Company and its Material Subsidiaries is a corporation, partnership, limited liability company or other organizationcorporation duly incorporated or organized,incorporated, validly existing and in good standing (to the extent such concept is applicable to such entity) under the laws of its jurisdiction of incorporation and, except where the failure to do so, individually or organization andin the aggregate, could not reasonably be expected to result in a Material Adverse Effect, has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to be in good standing or authorized to conduct business would have a Material Adverse Effect.conducted.

Corporate Existence and Standing. Each of the Company and its Subsidiaries is a corporation, partnership, limited liability company or other organization duly incorporated or organized, validly existing and in good standing (to the extent such concept is applicable to such entity) under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted and where the failure to be in good standing or authorized to conduct business would have a Material Adverse Effect.

Corporate Existence and Standing.Power. Each of the Company and its Subsidiarieseach Material Subsidiary is a corporation, partnership, limited liability company or other organization duly incorporated or organized, validly existingexisting, and in good standing (to(or the extent such concept is applicable to such entity)equivalent), under the laws of itsthe jurisdiction of incorporation or organization andits formation, has all requisitecorporate or other entity power and authority to conductcarry on its business as now being conducted and to own its properties and is duly licensed or qualified and in good standing (or the equivalent) in each other jurisdiction in which its business is conducted and where the failure to be so qualified or in good standing or authorized(or the equivalent) would reasonably be expected to conduct business would have a Material Adverse Effect.

Corporate Existence and Standing. Each of the CompanyBorrower and its Subsidiarieseach Principal Subsidiary is a corporation, partnership,partnership (in the case of Principal Subsidiaries only) or limited liability company or other organization duly and properly incorporated or organized, as the case may be, validly existing and in good standing (to the extent such concept is applicableapplies to such entity) in good standing under the laws of its jurisdiction of incorporation or organizationorganization. Each of the Borrower and each Principal Subsidiary has all requisite authority to conduct its business in each jurisdiction in which its business is conducted andother than where the failure to be in good standing orso authorized would not reasonably be expected to conduct business would have a Material Adverse Effect.

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