Common use of Borrower's Existence Clause in Contracts

Borrower's Existence. Borrower is a Borrower Entity Type (as defined in Exhibit A) duly organized, legally existing under the laws of the Borrower Jurisdiction (as defined in Exhibit A) and is duly qualified as a Borrower Entity Type in all jurisdictions wherein the property it owns or the business it transacts make such qualification necessary.

Borrower's Existence. Borrower is a Borrower Entity Type (as defined defined in Exhibit A) duly organized, legally existing under the laws of the Borrower Jurisdiction (as defined de- fined in Exhibit A) and is duly qualified qualified as a Borrower Entity Type in all jurisdictions wherein the property it owns or the business it transacts make such qualification qualification necessary.