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This excerpt taken from the CVS 8-K filed Mar 23, 2007. Existence
and
Power
Each of the Borrower
and the Subsidiaries is
duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or formation (except, in the case of the
Subsidiaries, where the failure to be in such good standing could not reasonably
be expected to have a Material Adverse effect), has all requisite corporate
power and authority to own its Property and to carry on its business as now
conducted, and is qualified to do business as a foreign corporation and is
in
good standing in each jurisdiction in which it owns or leases real Property
or
in which the nature of its business requires it to be so qualified (except
those
jurisdictions where the failure to be so qualified or to be in good standing
could not reasonably be expected to have a Material Adverse
effect).
4.2 |
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