Chief Executive Office; Organization; Authorization Clause Samples

Chief Executive Office; Organization; Authorization. The chief executive office of each Pledgor (other than TCCT #2, INC., TCDFW #2, INC., TCH #2, INC., and TCDI #2, INC.) is in Dallas, Texas. The chief executive office of TCCT #2, INC., TCDFW #2, INC., TCH #2, INC., and TCDI #2, INC. is in Sparks, Nevada. Each Pledgor that is a corporation is duly organized, validly existing, and in good standing under the laws of its state of its incorporation and has all requisite corporate power and authority to carry on its business as now conducted and proposed to be conducted and to enter into this Agreement and carry out the transactions contemplated hereby. Each Pledgor that is a partnership is duly organized, validly existing, and in good standing under the laws of the state of its formation and has all requisite power and authority to carry on its business as now conducted and proposed to be conducted and to enter into this Agreement and carry out the transactions contemplated hereby. The execution, delivery, and performance of this Agreement have been duly authorized by all necessary corporate or partnership action by each Pledgor.