Borrowing Entity. Each Borrower entity is a corporation which is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. There have been no changes in the organization, composition, ownership, structure or formation documents of Borrower since the inception of the Obligations. In each state and country in which Borrower does business, it is properly licensed, in good standing, and, where required, in compliance with fictitious name statutes.
Appears in 4 contracts
Samples: Forbearance and Modification Agreement (Hypercom Corp), Forbearance and Modification Agreement (Hypercom Corp), Forbearance and Modification Agreement (Hypercom Corp)