Example ContractsClausescorporate existence and powerVariants
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. Each Loan Party and each of its Subsidiaries # is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents, and # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party) or [clause (b)](i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its SubsidiariesSignificant Subsidiary thereof # is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents,party, and # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely(other than with respect to any Person that is not a Loan Party) or [clausethe Borrowers), (b)](i) or (c), to the extent that failure to do so couldwould not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its SubsidiariesSubsidiary thereof # is duly organized or formed, validly existing and, as applicable,and in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents, andparty, # is duly qualified and is licensed and, as applicable,and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license;license, and # is in compliance with all Laws; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party) or [clause (b)](i), [(c) or (c)(d)])], to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its Subsidiaries # is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents,party, and # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party) or [clause (b)](i) or (c), to the extent that failure to do so couldwould not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its Restricted Subsidiaries # is a Person duly organized or formed, validly existing and, as applicable,and in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents, andparty, # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license;qualification, # is in compliance with all Laws, orders, writs, injunctions and orders and # has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party)[(c), (d) or [clause (b)(e)](i) or (c))])]])])], to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its Restricted Subsidiaries # is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents,party, and # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party) or [clause (b)](i) or (c), to the extent that failure to do so couldwould not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its SubsidiariesRestricted Subsidiary # is a Person duly organized or formed, validly existing and, as applicable,and in good standing (where relevant) under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business as currently conducted and # in the case of the Loan Parties, execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents, andparty, # is duly qualified and is licensed and, as applicable, in good standing (where relevant) under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license;qualification, # is in compliance with all Laws, orders, writs and injunctions and # has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each case referred to in [clause (a)] (solely(other than with respect to any Person that is not athe Loan Party)Parties), (b)(i) (other than with respect to the Loan Parties), [(c), [(d) or [clause (b)(e)](i) or (c))]])], to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

.Existence, Qualification and Power. Each Loan Party and each of its Subsidiaries # is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents,party, and # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party) or [clause (b)](i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

. Each Loan Party and each of its Subsidiaries # is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents,party, and # is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely with respect to any Person that is not a Loan Party) or [clause (b)](i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. The most recent copy of the Organization Documents of each Loan Party provided to the Administrative Agent pursuant to the terms of this Agreement is a true and correct copy of each such document, each of which is valid and in full force and effect.

.Existence, Qualification and Power Each Loan Party and each of its SubsidiariesSubsidiary thereof # is duly organized or formed, validly existing and, as applicable,and in good standing under the Laws of the jurisdiction of its incorporation or organization, # has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to # own or lease its assets and carry on its business and # execute, deliver and perform its obligations under the Loan Documents to which it is a party and consummate the transactions contemplated by the Loan Documents,party, and # is duly qualified and is licensed and, as applicable,and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in [clause (a)] (solely with respect to any Person that is notSubsidiaries other than a Loan Party)Party or a Material Subsidiary, and [clause (b)](i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. No Borrower is an Affected Financial Institution.

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